| The KUIK Market Update for Tuesday, January 8: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (60) | points | 13,324 | 7:49 AM | ||
| S&P500 | Down | -0.6% | percent | 1,454 | (8) | points | |
| Nasdaq Composite | Down | -0.5% | percent | 3,084 | (15) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 3.06 | Annual Yield | ||
| Bloomberg News reported that President Obama may choose White House Chief of Staff Jack Lew to succeed Tim Geithner as treasury secretary. The new treasury secretary will play a key role in working with Congress to lift the government’s debt ceiling, The president needs to choose a new commerce secretary, an administrator of the Environmental Protection Agency, a U.S. Trade Representative, and the director of the Office of Management and Budget. | |||||||
| The NFIB small-business optimism index rose 0.5 point to 88.0, still in recession territory. November’s reading was the worst since March 2010. Gains in earnings trends and expectations that real sales will be higher helped to offset a 4-point drop in plans to increase employment. | |||||||
| U.S. colleges are resisting adding free online courses because academic leaders say the much- publicized approach is unlikely to make money and could confuse the public about their degrees, according to a study by Babson College in Wellesly, Massachusetts. Only 2.6 percent of U.S. institutions offer such courses and an additional 9.4 percent plan to. Harvard, Stanford, and the Massachusetts Institute of Technology are among institutions participating in MOOCS–massive open online courses. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/obama-may-tap-staff-chief-lew-for-treasury-report-2013-01-08 | |||||||
| http://www.marketwatch.com/story/small-business-sentiment-edges-up-from-lows-nfib-2013-01-08 | |||||||
| http://www.bloomberg.com/news/2013-01-08/colleges-resist-free-online-courses-undercutting-promise.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||