| The KUIK Market Update for Monday, November 18: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 45 | points | 16,006 | 7:46 AM | ||
| S&P500 | Up | 0.02% | percent | 1,798 | 0.31 | ||
| Nasdaq Composite | Down | -0.10% | percent | 3,982 | (4.04) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.77 | Annual Yield | ||
| The National Association of Home Builders/Wells Fargo housing-market index was 54 in November, matching October, which was the lowest in four months. Economists polled by MarketWatch expected 55. Results above 50 signal that builders are optimistic about sales trends. | |||||||
| The Wall Street Journal reports the U.S. military’s top commanders, looking for ways to cope with a shrinking Pentagon budget, have agreed to a plan that would curb the growth of pay and benefits for housing, education and health for service members. Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said in a weekend interview that without such changes, the cost of military personnel would soon rise to 60% from about half of the defense budget. Details will be released in February and must be approved by Defense Secretary Chuck Hagel and President Barack Obama before it is sent to Congress for approval | |||||||
| Bitcoins and other virtual currencies, like any online-payment system, “may hold long-term promise” and could one day “promote a faster, more secure and more efficient payment system,” said Federal Reserve Chairman Ben Bernanke. However, virtual currencies also may pose risks “related to law enforcement and supervisory matters,” Bernanke said in a Sept. 6 letter to the Senate Committee on Homeland Security and Governmental Affairs released today. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-builder-confidence-pauses-misses-estimate-2013-11-18 | |||||||
| http://www.marketwatch.com/story/military-personnel-face-cuts-to-pay-benefits-2013-11-18 | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Market Update Report click to listen-> | |||||||