| The KUIK Morning Market Report for Monday, March 11: | |||||||
| Markets opened down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (4) | points | 14,392 | 7:05 AM | ||
| S&P500 | Down | -0.16% | percent | 1,549 | (2.54) | points | |
| Nasdaq Composite | Down | -0.17% | percent | 3,239 | (5.54) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.24 | Annual Yield | ||
| China’s industrial production increased 9.9 percent in the first two months of the year, less than the 10.6 percent gain projected in a Bloomberg survey. | |||||||
| The budget wars are back. House Budget Committee Chairman Paul Ryan is planning to unveil a 2014 budget plan this week that would balance the government’s books in 10 years by limiting the annual growth of spending to 3.4 percent. The budget proposal assumes that Congress would repeal President Barack Obama’s health-care law set to be implemented next year. Ryan made his remarks on Fox News Sunday. | |||||||
| Adidas is chasing Nike. Bloomberg reports that Adidas plans to come from the back of the field–sixth place–and overtake rival Nike as the U.S. leader in running shoes. With its new $150 Energy Boost shoe that gives wears more bounce while expending less energy, Adidas plans to win over the growing legions of runners in the $15 billion industry and drive sales in the U.S. The shoemaker is bullish on Boost’s revolutionary sole. It plans to sell 1 million pairs of the shoe this year and aims to pass Nike in five years., | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stocks-start-with-losses-chinese-data-disappoints-2013-03-11 | |||||||
| http://www.bloomberg.com/news/2013-03-10/ryan-says-his-budget-would-slow-annual-spending-growth-to-3-4-.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||