Market Update Report 12/11/2012

December 11, 2012
The KUIK Market Update for Tuesday, December 11:
Markets are up this morning.
Index Direction Change Units Last Time Change
Dow Up                    107 points             13,276 7:52 AM
S&P500 Up 0.9% percent               1,431              12.41 points
Nasdaq Composite Up 1.3% percent               3,026              39.13 points
30 Year Treasury Up                       4 Basis Points                 2.84 Annual Yield
The Commerce Department reports the U.S. trade deficit increased 4.9% in October to $42.2 billion, as imports of crude oil rose and American exports of manufactured goods fell to the lowest level in nearly a year. Imports of foreign goods into the U.S. declined by 2.1% to almot $223 billion in October, but exports fell by 3.6% to $180 billion to account for the wider   trade gap.
The US is getting out of the insurance business.  The Treasury said it’ll sell all of its remaining 234 million shares of American International Group at $32.50 per share in a public offering. They expect to raise about $7.6 billion.
Lawmakers return to Washington today amid a potential thaw in the U.S. fiscal policy   dispute, as President Barack Obama and House Speaker John Boehner attempt to make a deal to prevent spending cuts and tax increases from taking effect.
The Federal Reserve is set to take more action this week to support   financial markets and the economy, as the central bank tries to stay   predictable given all the uncertainty surrounding the fiscal cliff.  Economists expect the Fed to announce fresh   monthly purchases of $45 billion in Treasurys. These new purchases will start in 2013.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-trade-deficit-rises-49-to-422-billion-2012-12-11
http://www.marketwatch.com/story/us-treasury-selling-234-mln-shares-of-aig-2012-12-11?dist=lcountdown
http://www.bloomberg.com/news/2012-12-11/u-s-fiscal-dispute-shows-sign-of-thaw-before-deadline.html
http://www.marketwatch.com/story/fed-to-do-what-it-can-to-ease-cliff-uncertainty-2012-12-10?dist=lcountdown
For today’s Market   Update Report click to listen-> https://beaconrwa.com/audio/Market-Update-Report.mp3
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