| The KUIK Morning Market Report for Monday, June 24: | |||||||
| Markets are starting the week down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (248) | points | 14,557 | 7:03 AM | ||
| S&P500 | Down | -1.74% | percent | 1,565 | (27.71) | points | |
| Nasdaq Composite | Down | -1.79% | percent | 3,297 | (2.86) | points | |
| 30 Year Treasury | Up | 4.50 | Basis Points | 3.61 | Annual Yield | ||
| The Chinese stock market is hurting the US. The Shanghai Composite had its worst one-day percentage loss in nearly four years, plunging 5.3% to end at 1,963.24 — its first close below 2,000 December and the worst day since a 6.7% drop in August 2009. The Shenzhen Composite Index fell 6.1% to 881.87. Short-term interbank interest rates in Shanghai hit record highs last Thursday. They fell back but are still above 6%, according to Dow Jones . | |||||||
| Twinkies are making a comeback. Hostess Brands the bakery company emerging from a second bankruptcy proceeding in four years, will startselling its snack cake, the Twinkie, nationwide in the U.S. on July 15 | |||||||
| The Federal Reserve has fallen short of its inflation and employment objectives, New York Fed President William Dudley said today. Dudley said that Fed policy, while aggressive by historical standards, is not sufficiently accommodative. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/japan-stocks-rise-on-yen-australia-retreats-2013-06-23?link=MW_popular | |||||||
| http://www.bloomberg.com/news/2013-06-23/hostess-s-twinkies-back-on-u-s-store-shelves-nationwide-in-july.htm | |||||||
| http://www.marketwatch.com/story/dudley-says-fed-isnt-accommodative-enough-2013-06-24?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | |||||||