Morning Market Report 8/26/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Monday, August 26:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	4	points	15,014	7:03 AM
S&P500	Up	0.13%	percent	1,666		2.13
Nasdaq Composite	Up	0.29%	percent	3,669		10.74
30 Year Treasury	Down	(1)	Basis Points	3.79	Annual Yield

The Commerce Department reports durable goods orders dropped 7.3 percent as demand for goods ranging from aircraft to computers fell. That was the biggest decline since last August and snapped three consecutive months of gains. Economists expected only a 4 percent drop. Orders had increased 3.9 percent in June.

Non-defense capital goods orders excluding aircraft, a sign of business spending plans, fell 3.3 percent, breaking four straight months of gains. It was the biggest fall since February. Orders for core capital goods increased by a revised 1.3 percent in June. Economists expected 0.5 percent rise after a 0.9 percent gain in June.

The New York State Attorney General has filed suit against Donald Trump in connection with the operation of Trump Entrepreneur Institute, formerly called Trump University. The state alleges that between 2005 and 2011, Trump University “operated as an unlicensed educational institute that promised to teach Donald Trump’s real estate investing techniques to consumers nationwide but instead misled consumers into paying for a series of expensive courses that did not deliver on their promises.” The students should have just read Trump’s books.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://finance.yahoo.com/news/u-durable-goods-post-largest-123138229.html
http://finance.yahoo.com/news/u-durable-goods-post-largest-123138229.html
http://www.marketwatch.com/story/new-york-attorney-general-sues-donald-trump-2013-08-25


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