| The KUIK Morning Market Report for Wednesday, December 11: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (35) | points | 15,937 | 7:11 AM | ||
| S&P500 | Down | -0.40% | percent | 1,795 | (7.25) | ||
| Nasdaq Composite | Down | -0.36% | percent | 4,046 | (14.58) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.86 | Annual Yield | ||
| Desktops are not dead,” according to Meg Whiman, CEO of Hewlett-Packard. She told CNBC in an interview that the company continues to innovate and is coming back strong. At the tech company’s Discover Conference in Barcelona, she said the group is working on new products including a device that combines a laptop and a tablet. “I think we’re beginning to build confidence around where we’re taking the company,” Whitman said. HP like Intel has been battling competition from thinner tablets and smartphones. | |||||||
| House Budget Committee Chairman Paul Ryan and Senate Budget Committee Chairman Patty Murray reached a deal to set spending levels for the next two years and replace some automatic budget cuts. The agreement heads off the threat of a government shutdown next month. The House and Senate will still need to approve the deal, which sets federal agency spending levels at $1.012 trillion for the current fiscal year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/hps-whitman-desktops-are-not-dead-cnbc-2013-12-11 | |||||||
| http://www.marketwatch.com/story/murray-ryan-reach-two-year-us-budget-deal-2013-12-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||