| The KUIK Market Update for Wednesday, July 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 23 | points | 15,475 | 8:41 AM | ||
| S&P500 | Up | 0.23% | percent | 1,680 | 3.91 | ||
| Nasdaq Composite | Up | 0.32% | percent | 3,610 | 5.63 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.55 | Annual Yield | ||
| Housing starts fell 9.9% in June to a seasonally adjusted annual rate of 836,000, the lowest level since August 2012. Starts for apartments fell 27%, while starts for single-family homes dropped 0.8%. | |||||||
| Federal Reserve Chairman Ben Bernanke in testimony to Congres said that the central bank’s timetable to taper asset purchases, the QE3, is not set in stone. The Fed chairman was fairly dovish, saying the economy remains vulnerable and a debt ceiling dispute could derail the recovery. | |||||||
| House Republicans will take another look at President Barack Obama’s signature health-care law on Wednesday, voting on a pair of bills to delay its requirements that individuals and employers buy health insurance or pay a fine. This new effort comes after the Obama administration postponed for one year requirements for big employers to cover their workers. Republicans say the delay should apply to individuals as well. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-construction-lowest-in-almost-a-year-2013-07-17 | |||||||
| http://www.marketwatch.com/story/bernanke-says-tapering-not-on-preset-path-2013-07-17 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/07/17/house-to-vote-on-obamacare-delay-bills/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||