| The KUIK Market Update for Friday, September 20: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (23) | points | 15,615 | 7:43 AM | ||
| S&P500 | Unchanged | 0.00% | percent | 1,722 | 0.04 | ||
| Nasdaq Composite | Up | 0.24% | percent | 3,799 | 9.19 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.79 | Annual Yield | ||
| Retail gasoline prices fell below $3.50 a gallon for the first time in more than two months, according to AAA. Prices have dropped because of less worries about a military strike on Syria and a switchover to less-expensive winter gasoline blends. U.S. stockpiles of gasoline are running 10% higher than a year ago. | |||||||
| The Federal Reserve could begin to slow asset purchases at its October meeting depending on economic data, said St. Louis Fed President James Bullard today Bloomberg Television. | |||||||
| The House yesterday narrowly passed a bill to cut spending on food stamps, setting up a battle with the Senate, which backs far smaller cuts. The 217-210 vote fell along party lines, with no Democrats backing the measure and only 15 Republicans opposing it. The bill would cut nearly $40 billion over 10 years, or about 5% in expected spending, from the Supplemental Nutrition Assistance Program. The Senate has called for a cut of about $4 billion to the programs over 10 years. About 48 million Americans received food-stamp benefits last year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/energy-ticker/2013/09/19/retail-gas-drops-under-3-50-for-first-time-in-two-months/ | |||||||
| http://www.marketwatch.com/story/bullard-taper-possible-in-october-2013-09-20 | |||||||
| http://www.marketwatch.com/story/food-stamp-vote-sets-up-showdown-in-congress-2013-09-20 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||