| The KUIK Morning Market Report for Thursday, December 27: | |||||||
| Markets opened flat this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 5 | points | 13,120 | 6:59 AM | ||
| S&P500 | Down | -0.02% | percent | 1,420 | (0.28) | points | |
| Nasdaq Composite | Up | 0.04% | percent | 2,991 | 0.83 | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 2.94 | Annual Yield | ||
| the Labor Department reported applications for jobless benefits decreased 12,000 to 350,000 in the week ended Dec. 22. Economists forecast 360,000, but claims in 19 states were estimated because some government offices were closed on Dec. 24. | |||||||
| President Obama cut short his Hawaiian vacation and flew back to Washington a day early for the next round of budget talks. He is pushing lawmakers to agree on an interim deal to avert more than $600 billion of automatic tax increases and spending cuts due next month. Republican House leaders will hold a conference with party members today to discuss the next steps in the negotiations, | |||||||
| And the US is about to hit its debt ceiling. In a letter to congress, Geithner said the government would hit the $16.4 trillion debt ceiling on Dec. 31 unless he authorized the extraordinary measures to create 200 billion in headroom. Under normal circumstances, that amount would be good for about two months. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-12-27/jobless-claims-in-u-s-fall-as-holiday-leads-to-more-estimates.html | |||||||
| http://www.bloomberg.com/news/2012-12-27/u-s-stock-futures-are-little-changed-amid-budget-talks.html | |||||||
| http://www.marketwatch.com/story/geithner-moves-to-avoid-dec-31-debt-ceiling-2012-12-26 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||