| The KUIK Morning Market Report for Monday, July 15: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (7) | points | 15,457 | 6:59 AM | ||
| S&P500 | Down | -0.08% | percent | 1,679 | (1.34) | ||
| Nasdaq Composite | Down | -0.11% | percent | 3,596 | 3.00 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.62 | Annual Yield | ||
| The Commerce Department reports Retail sales rose a seasonally adjusted 0.4% due to higher gasoline prices and strong demand for autos. Economists expected a 0.9% rise. Sales were soft in home improvement and department stores. | |||||||
| The New York Fed reported the Empire State manufacturing survey rose in July for the second month and has now been in positive territory for five of the last six months. The general business conditions index rose to 9.5 from 7.8 in June, and components measuring new orders and shipments turned positive. Economists polled by MarketWatch expected 5.9. The expectations for six months ahead index rose to 32 from 25 in June. In a special question on the impact of Obamacare 9.8% of respondents said they would make health care more comprehensive, while 10.9% said they were cutting back or dropping health insurance. | |||||||
| China’s economy grew 7.5% in the second quarter compared to a 2012, while industrial production for June rose 8.9%, slowing from May’s 9.2% annual growth, according to China’s National Bureau of Statistics | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retail-sales-get-lift-in-june-from-autos-gas-2013-07-15?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/empire-state-index-accelerates-in-july-2013-07-15 | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | |||||||