| The KUIK Morning Market Report for Monday, December 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 165 | points | 15,920 | 7:10 AM | ||
| S&P500 | Up | 0.86% | percent | 1,791 | 15.29 | ||
| Nasdaq Composite | Up | 0.92% | percent | 4,038 | 36.66 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.85 | Annual Yield | ||
| The Federal Reserve reported that industrial production climbed 1.1% in November to reach a record high, for the biggest percentage rise since Nov. 2012, as utilities output jumped 3.9% because of a very cold month. The index reached 101.3 based on 100 in 2007. Capacity utilization rose to 79% from an upwardly revised 78.2% in October. | |||||||
| Manufacturing conditions in the New York area recovered slightly in December after a surprise negative reading in November. The Empire State’s general business conditions index rose to 1.0 in December from negative 2.2 in November. That was less than expected. Economists polled by MarketWatch expected a plus 5.0. | |||||||
| Bloomberg News is out with a hard-hitting story on Bank of America’s problems helping customers who couldn’t keep up with their mortgage payments. Bloomberg reports, the bank stalled with repeated requests for paperwork, sent conflicting responses to regulators and customers, and put in charge old hands from Countrywide Credit. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-output-jumps-11-to-all-time-high-2013-12-16 | |||||||
| http://www.marketwatch.com/story/new-york-factory-index-picks-up-slightly-in-december-2013-12-16 | |||||||
| http://blogs.marketwatch.com/thetell/2013/12/16/bofas-shoddy-mortgage-service-london-bankers-expect-big-bonuses/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||