| The KUIK Morning Market Report for Tuesday, February 19: | |||||||
| Markets are up up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 59 | points | 14,040 | 7:00 AM | ||
| S&P500 | Up | 0.45% | percent | 1,527 | 6.87 | points | |
| Nasdaq Composite | Up | 0.36% | percent | 3,204 | 11.60 | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.17 | Annual Yield | ||
| Marketwatch reports that downside risks to the U.S. economy have diminished in recent months, with data points providing some bright spots and reducing the possibility that the economy will slip into a renewed recession, Goldman Sachs’ top economist Jan Hatzius said in a note dated February 17. Hatzius said macroeconomic data, such as jobless claims, retail sales and manufacturing surveys, so far show the economy didn’t buckle under the $200 billion tax increase that took effect at the beginning of the year. | |||||||
| An overwhelming percentage of cyber-attacks on U.S. corporations and government agencies is believed to be the work of the Chinese People’s Liberation Army’s secretive “Unit 61398,” according to the New York Times, citing research from computer-security firm Mandiant. The Mandiant study tracked individual members of Unit 61398, also known as the “Comment Crew” or the “Shanghai Group,” the report said. The cyber-warfare unit is based in a nondescript building in a Shanghai suburb “surrounded by restaurants, massage parlors and a wine importer.” The Chinese government denies that it sponsors any computer hacking attacks, which it deems illegal. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/goldman-recession-risks-looks-much-lower-now-2013-02-19 | |||||||
| http://www.marketwatch.com/story/chinese-army-unit-leading-hacking-vs-us-report-2013-02-19 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||