| The KUIK Morning Market Report for Wednesday, October 2: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (103) | points | 15,089 | 6:59 AM | ||
| S&P500 | Down | -0.59% | percent | 1,685 | (9.98) | ||
| Nasdaq Composite | Down | -0.39% | percent | 3,803 | (15.08) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.70 | Annual Yield | ||
| Treasury Secretary Jacob Lew said yesterday that the goverment’s extraordinary measures to stay below the $16.7 trillion debt limit will expire on Oct. 17. In a letter to Congressional leaders, Lew said that the government shutdown will not extend the deadline that he first estimated late last month “unless it continues for an extended period of time.” Lew said his agency is now using its final extraordinary measures to ward off the debt ceiling. The Treasury will have about $30 billion in cash on hand on Oct. 17, and would risk not being able to pay its bills. | |||||||
| ADP reported that private-sector employment picked up only slightly in September, as employers added 166,000 jobs, missing estimates. Economists expected 180,000. Job growth is softening. Over the three months through September, the economy added an average of 162,000 private jobs per month, down from 220,000 at the start of the year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/lew-reiterates-oct-17-is-debt-limit-deadline-2013-10-01 | |||||||
| http://www.marketwatch.com/story/private-sector-job-gains-pick-up-slightly-2013-10-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||