| The KUIK Morning Market Report for Monday, May 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (12) | points | 16,479 | 7:00 AM | ||
| S&P500 | Up | 0.1% | percent | 1,880 | 1.72 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,100 | 9.75 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.34 | Annual Yield | ||
| AT&T plans to buy DirecTV for $48.5 billion, gaining more than 38 million video subscribers at home and in Latin America and stepping up an acquisition-fueled overhaul of the $110 billion U.S. pay-TV industry. AT&T will pay $95 for each share of DirecTV, split between $28.50 in cash and the equivalent of $66.50 in stock, the companies said yesterday. That’s 10 percent more than DirecTV’s closing price on May 16. Including net debt. The deal values the largest U.S. satellite-TV company at $67.1 billion. | |||||||
| Treasury prices are up today, sending yields lower in a continuation of last week’s buying. The 10-year Treasury note fell to its lowest closing level since last October last week. Dallas Fed President Richard Fisher and San Francisco Fed President John Williams are scheduled to speak on a panel today just after 9am Pacific time. On Wednesday, the Federal Reserve will release the minutes from its last policy meeting | |||||||
| Precious metals are up on those weak treasury yields. June gold is up 0.6%, to $1,301.40 an ounceand July silver jumped 1.2%, to $19.56 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2014-05-18/at-t-agrees-to-buy-directv-for-48-5-billion-to-add-video-users.html | |||||||
| http://www.marketwatch.com/story/treasurys-rise-ahead-of-fed-speeches-minutes-2014-05-19?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-back-over-1300-as-equities-weaken-2014-05-19?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||