| The KUIK Market Update for Tuesday, June 4: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 4 | points | 15,259 | 7:58 AM | ||
| S&P500 | Up | 0.05% | percent | 1,641 | 0.80 | points | |
| Nasdaq Composite | Up | 0.19% | percent | 3,472 | 14.10 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.31 | Annual Yield | ||
| The U.S. trade deficit with was up 8.5% in April, due to a surge in Chinese imports. The Commerce Department reported the trade gap widened to a seasonally adjusted $40.3 billion from a revised $37.1 billion in March, That was slightly below expectations. Imports increased 2.4% to $227.7 billion, while exports rose a smaller 1.2% to $187.4 billion. | |||||||
| Goldman Sach’s chief economist Jan Hatzius, in an interview with Bloomberg TV that the Federal Reserve could start tapering off its $85 billion monthly bond-buying program as soon as September. He believes the Fed will hold steady until December, given expectations that the economy will grow around 2% over the next two quarters and inflation will stay below target. But, Fed Chairman Ben Bernanke could cut back the bond buying sooner if payrolls rise by more than 200,000 a month or inflation, taking out food and energy costs, starts picking up. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-climbs-85-in-april-2013-06-04-81034840 | |||||||
| http://blogs.marketwatch.com/thetell/2013/06/04/goldmans-chief-economist-fed-may-taper-in-september/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||