| The KUIK Morning Market Report for Friday, June 21: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 48 | points | 14,807 | 7:00 AM | ||
| S&P500 | Up | 0.34% | percent | 1,594 | 5.44 | points | |
| Nasdaq Composite | Down | -0.06% | percent | 3,362 | (2.86) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.51 | Annual Yield | ||
| The decision by the Federal Reserve to lay out its plan to reduce the pace of asset purchases over the next year was badly timed, according to St. Louis Fed President James Bullard. In a statement explaining his dissent from the Fed’s policy statement, Bullard said the central bank should have waited for “more tangible signs” that the economy was healing and that inflation was no longer moving lower. He noted that the Fed had trimmed its own forecast for GDP growth and inflation in 2013. Bullard also said he dissented because he was worried about low inflation, which is now well below the Fed’s 2% target. | |||||||
| The Federal Aviation Administration is expected to relax the ban on using some personal-electronic devices at low altitudes, allowing passengers leeway during taxiing and even takeoffs and landings, according to draft recommendations prepared by an advisory panel to the agency. For fliers, the new rules would likely mean an end to familiar admonitions to turn off and stow all electronic devices, but cellphone calls are expected to remain off limits, | |||||||
| Oracle shares fell more than 9%, to $30.10 in early trading. Investors reacted negatively the software and computer-hardware company’s fiscal fourth-quarter sales results. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-bullard-bad-time-to-lay-out-taper-plan-2013-06-21-691514 | |||||||
| http://www.marketwatch.com/story/faa-to-let-passengers-use-some-gadgets-on-flights-2013-06-21 | |||||||
| http://www.marketwatch.com/story/oracle-shares-fall-9-on-reaction-to-sales-results-2013-06-21?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||