| The KUIK Market Update for Friday, January 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 64 | points | 16,504 | 8:06 AM | ||
| S&P500 | Up | 0.23% | percent | 1,836 | 4.25 | ||
| Nasdaq Composite | Down | -0.02% | percent | 4,142 | (0.83) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.94 | Annual Yield | ||
| Outlays for U.S. construction projects rose 1% in November, led by private projects, according to a report yesterday by the Department of Commerce. Economists expected a 0.8% increase. Spending on residential construction rose 1.7%, nonresidential construction 0.6%. Total private construction spending rose 2.2%, while public spending fell 1.8%. | |||||||
| Yesterday was a big move for gold. It was up $23 an ounce on reports of physical buyers in China looking for bargains before the Chinese New year. February gold is up 0.3%, to $1,229.30 an ounce. | |||||||
| Billionaire investor George Soros says that China is the No. 1 risk for the global economy. Writing in a column for the Project Syndicate website he believes that China’s exponential growth in debt can only continue a few more years. Soros is upbeat about the US, pointing to themes like the energy boom, less polarization lately in politics, and improvements in the banking and housing sectors. And when it comes to Europe, he says the “revival of a threat from Russia may reverse the prevailing trend toward European disintegration.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/november-construction-spending-rises-1-2014-01-02 | |||||||
| http://www.marketwatch.com/story/gold-builds-on-strong-start-to-2014-2014-01-02 | |||||||
| http://blogs.marketwatch.com/thetell/2014/01/03/china-is-no-1-risk-for-world-economy-soros/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||