| The KUIK Morning Market Report for Thursday, September 19: | |||||||
| Markets are flat after yesterday’s big up move. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (5) | points | 15,675 | 6:56 AM | ||
| S&P500 | Up | 0.11% | percent | 1,727 | 1.83 | ||
| Nasdaq Composite | Up | 0.19% | percent | 3,791 | 7.14 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.77 | Annual Yield | ||
| JP Morgan paid a whale of a fine. J.P. Morgan Chase will pay $920 million in a global settlement related to the “London Whale” scandal to regulators. The largest payment of $300 million will go to the Office of the Comptroller of the Currency, with $200 million each to the Securities and Exchange Commission and the Federal Reserve, and $220 million to the U.K. Financial Conduct Authority. The SEC charged the firm with misstating financial results and lacking effective internal controls related to more than $6 billion in losses the firm incurred in 2012 over complex derivatives trading. | |||||||
| The Labor Department reported Initial jobless claims climbed by 15,000 to 309,000 in the week ended Sept. 14. A sharp drop two weeks ago sent claims below the 300,000 mark for the first time in seven years, but the decline appeared to be tied more to processing delays than a sudden improvement in a sluggish U.S. labor market. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jp-morgan-to-pay-920-million-whale-fine-2013-09-19 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-rise-15000-to-309000-2013-09-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||