| The KUIK Morning Market Report for Monday, September 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (154) | points | 15,102 | 6:53 AM | ||
| S&P500 | Down | -0.86% | percent | 1,677 | (14.61) | ||
| Nasdaq Composite | Down | -0.99% | percent | 3,744 | (37.41) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.67 | Annual Yield | ||
| The federal government moved closer to its first shutdown in 17 years after the Republican-led House voted early Sunday to delay President Barack Obama’s health-care law by one year as part of legislation to keep the government running. The measure is seen as dead-on-arrival in the Senate. | |||||||
| A government shutdown would interrupt some services and jeopardize the paychecks of more than 800,000 federal workers. The Office of Management and Budget has asked agencies to begin making contingency plans. The federal government does not stop functioning completely, and by law, certain agencies must operate with unsalaried employees. They include those that deal with national security and the safety of people and property, as well as those that manage benefits such as Social Security payments. The U.S. Postal Service will also be unaffected. | |||||||
| Crude-oil futures fell on uncertainty about the shutdown and on weaker-than-expected manufacturing data from China. November crude dropped 1.6%, to $101.25 a barrel on the New York Merc, trading at the lowest level since early July. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/house-republicans-meet-as-shutdown-looms-2013-09-28 | |||||||
| http://www.washingtonpost.com/wp-srv/special/politics/2013-shutdown-federal-department-impact/?hpid=z2 | |||||||
| http://www.marketwatch.com/story/oil-futures-drop-on-shutdown-fears-china-data-2013-09-30?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||