Morning Market Report 10/1/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, October 1:

Markets are up a little.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	3	points	15,130	6:58 AM
S&P500	Up	0.17%	percent	1,684		2.87
Nasdaq Composite	Up	0.25%	percent	3,781		9.52
30 Year Treasury	Up	3	Basis Points	3.71	Annual Yield

Congress finally ran out of ways to patch over its differences. Unable to meet a midnight Monday deadline for funding the government, lawmakers allowed it to shut down for the first time in seventeen years. The White House announced that President Obama will deliver a statement from the Rose Garden on this morning at 9:25 a.m. Pacific time.

Jamie Dimon, the chairman a of J.P. Morgan Chase and other bank executives are scheduled to meet with President Barack Obama on tomorrow, according to a report this morning’s Wall Street Journal. The executives will go to the White House to discuss the government shutdown and efforts to raise the federal debt ceiling. There is growing concern than Congress will struggle to raise the debt limit by the Oct. 17 deadline, especially after lawmakers were unable to find a compromise to keep the government running.

Real estate analysis firm Corelogic reports home prices, including distressed sales, rose about 0.9% in August and were up 12.4% from August of 2012, the highest annual rate since February 2006. Excluding short sales and other distressed properties, prices rose 1% in August, and were up 11.2% from the year-earlier period, also hitting the fastest annual pace.



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

http://www.marketwatch.com/story/obama-to-deliver-statement-this-afternoon-2013-10-01
http://www.marketwatch.com/story/dimon-other-bankers-to-meet-obama-wed-report-2013-10-01
http://www.marketwatch.com/story/home-price-growth-fastest-in-more-than-seven-years-2013-10-01


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