| The KUIK Market Update for Friday, November 1: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 41 | points | 15,587 | 8:07 AM | ||
| S&P500 | Up | 0.08% | percent | 1,758 | 1.39 | ||
| Nasdaq Composite | Down | -0.07% | percent | 3,917 | (2.86) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.67 | Annual Yield | ||
| The Federal Reserve may have to accept the market’s view that any tapering of its bond buying is closely tied to the expectations of the first interest rate hike, said James Bullard, the president of the St. Louis Fed. Bullard said some Fed policy makers were surprised when financial markets moved so sharply this summer after the first suggestion of a taper. Fed officials had long argued that the two policies were separate and the central bank could reduce the pace of asset purchases without any change to forward guidance on when the first rate hike might come. Bullard said the Fed needs either to convince markets that the two policy tools are distinct or accept the consequences. | |||||||
| Dating site Eharmony is launching a new service. For $5000 you’ll get a personal counselor to help not only sift through matches, but quietly approach them on your behalf, and of course sift out the losers. After surveying 15,000 eHarmony members who earn more than $250,000 a year, it was clear there was huge demand for such a perk, says Grant Langston, eHarmony’s vice president of customer experience. Getting your parents to accept the match will probably cost extra. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-plosser-more-worried-about-the-exit-2013-11-01 | |||||||
| http://www.marketwatch.com/story/fed-may-have-to-accept-market-taper-view-bullard-2013-11-01-9911017 | |||||||
| For today’s Market Update Report click to listen-> | |||||||