| The KUIK Morning Market Report for Monday, November 18: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 33 | points | 15,996 | 7:00 AM | ||
| S&P500 | Down | -0.12% | percent | 1,796 | (2.19) | ||
| Nasdaq Composite | Down | -0.25% | percent | 3,976 | (9.88) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.78 | Annual Yield | ||
| The Department of Justice and the Securities and Exchange Commission told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that bitcoin, the digital money has benefits and risks, like any other online-payment system according to letters they released before the meeting– boosting prospects for wider acceptance of the virtual currency. | |||||||
| 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 the Defense Secretary Chuck Hagel and President Barack Obama before it is sent to Congress for approval | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html | |||||||
| http://www.marketwatch.com/story/military-personnel-face-cuts-to-pay-benefits-2013-11-18 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||