| The KUIK Morning Market Report for Thursday, August 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 25 | points | 14,924 | 6:53 AM | ||
| S&P500 | Up | 0.48% | percent | 1,651 | 7.92 | ||
| Nasdaq Composite | Up | 0.68% | percent | 3,624 | 24.31 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.89 | Annual Yield | ||
| The Labar Department reports Initial jobless claims jumped by 13,000 to a seasonally adjusted 336,000 in the week ended Aug. 17, Economists surveyed by MarketWatch expected 330,000. The monthly average fell by 2,250 to 330,500 and hit the lowest level since November 2007 | |||||||
| The Federa Housing Finance Agency reports home prices climbed a seasonally adjusted 0.7% in June, and increased 7.7% from June 2012. The data was compiled using mortgages backed by Fannie Mae and Freddie Mac. | |||||||
| President Obama today will announce proposals aimed at combating rising college costs by creating a new ratings system and eventually tying federal student aid to institutions’ performance. He will call for rating colleges before the 2015 school year and identifying those that are doing the most to help disadvantaged students. Once that system is in place, Obama will ask Congress to allocate financial aid based on those ratings by 2018. Under the plan, colleges would be rated on measures such as affordability and outcomes, including graduation and transfer rates. Students at top-performing colleges could receive larger federal grants and more affordable student loans. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-13000-to-336000-2013-08-22 | |||||||
| http://www.marketwatch.com/story/us-house-prices-up-07-in-june-fhfa-2013-08-22 | |||||||
| http://www.marketwatch.com/story/obama-to-propose-college-ratings-system-2013-08-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||