| The KUIK Morning Market Report for Tuesday, July 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 42 | points | 15,564 | 7:01 AM | ||
| S&P500 | Up | 0.27% | percent | 1,690 | 4.56 | ||
| Nasdaq Composite | Up | 0.33% | percent | 3,611 | 1.00 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.65 | Annual Yield | ||
| U.S. home prices kept climbing in May. The S&P/Case-Shiller 20-city composite jumped 2.4% in May to take the year-on-year increase to 12.2%. Prices in each of the 20 cities rose by at least 1.2%, and San Francisco saw a monthly pop of 4.3%. Denver and Dallas set new highs, surpassing their pre-crisis levels and for the first time five cities posted monthly gains over 3%. They were Atlanta, Chicago, San Diego, San Francisco and Seattle. | |||||||
| Marketwatch reports President Obama will offer Republicans a new “grand bargain” on taxes and job creation in sn attempt to find some common ground while a bigger deal to reduce the deficit is stalled. Initial reaction from Capitol Hill Republicans was chilly. A spokesman for House Speaker John Boehner said that the expected proposal is “leaving small businesses and American families behind.” Obama has dropped his insistence that business-tax reform be coupled with an overhaul of individual taxes. In a speech today, he’ll outline plans for a corporate overhaul, conditioned on investments in jobs programs. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-jump-dallas-denver-at-record-2013-07-30 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/07/30/boehner-cool-to-obama-tax-jobs-grand-bargain/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||