Morning Market Report 12/6/2012

December 6, 2012
The KUIK Morning Market Report for Thursday, December 6:
Markets are flat this morning.
Index Direction Change Units Last Time Change
Dow Up                       5 points             13,038 6:56 AM
S&P500 Up 0.0% percent               1,410               0.32 points
Nasdaq Composite Up 0.1% percent               2,977               3.66 points
30 Year Treasury Down                      (2) Basis Points               2.76 Annual Yield
Initial jobless claimsfell by 25,000 to a seasonally adjusted 370,000 in the week ended Dec. 1, the Labor Department reported. Claims from two weeks ago were revised up by 2000 to 395,000.
The European Central Bank cut its economic and inflation forecasts and President Mario Draghi said weakness will persist into next year,raising the possiblity of further interest-rate cuts.
Sales of U.S. homes that are owned by banks or in some stage of foreclosure fell in the third quarter compared with last year, according to RealtyTrac. 193,000 homes linked to foreclosure–either in default, scheduled for auction or bank-owned–were sold in the 3rd quarter, down 3% from a year   ago but 21% from the 2nd quarter.
 In an unusual move with a social networking slant, Pizza Hut in Canada, is launching a “fresh dough with a bit of spice” perfume, The scent will be sent in a small bottles to 100 Canadians as a reward to pizza fans. No word if breadsticks are included.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-jobless-claims-drop-25000-to-370000-2012-12-06
http://www.bloomberg.com/news/2012-12-06/ecb-s-draghi-says-economic-weakness-to-persist-into-next-year.html
http://www.marketwatch.com/story/us-foreclosure-sales-fall-in-q3-vs-year-earlier-2012-12-06
http://www.marketwatch.com/story/pizza-hut-perfume-smells-like-dough-and-spice-2012-12-06
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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