| The KUIK Market Update for Monday, January 20: | |||||||
| Markets are closed in honor of the Martin Luther King holiday, but here are some of the stories we’re following: | |||||||
| Marketwatch reports Most economists think the dismal 74,000 increase in net hiring last month was a fluke caused by poor weather and problems with seasonal adjustments, and it will probably be revised. Economists at the leading banks predict U.S. economy will hit 3% growth in 2014 for the first time in nine years. Helping is the fact Washington is on track to pass budget bills to fund the government through the next two years and no new tax increases are coming down the pike. For the first time in five years Republicans and Democrats appear ready to play nice and avoid a wrenching fiscal fight that would undermine the economy. | |||||||
| We can’t call it the film industry any more. Paramount Pictures will stop releasing major motion pictures on 35-millimeter film, becoming the first big Hollywood studio to go digital-only, according to the Los Angeles Times. The Will Ferrell comedy “Anchorman 2: The Legend Continues” will be the last movie distributed on film. “The Wolf of Wall Street” was released digital only. | |||||||
| February crude fell 0.7%, to $93.91 a barrel in electronic trading, pushed down by weak industrial production numbers in China. China’s industrial production in December slowed to 9.7% annually, down from 10% in Novembern, according to China’s National Bureau of Statistics. China’s GDP rose 7.7% annually in the fourth quarter, down from 7.8%, slightly better than economists expected. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-seen-on-track-for-best-growth-since-2005-2014-01-19 | |||||||
| http://www.marketwatch.com/story/paramount-will-no-longer-release-movies-on-film-2014-01-18?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/oil-futures-fall-after-weak-chinese-output-data-2014-01-20?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||