| The KUIK Morning Market Report for Tuesday, May 20: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (55) | points | 16,457 | 7:10 AM | ||
| S&P500 | Down | -0.3% | percent | 1,880 | (5.39) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,108 | (18.30) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.38 | Annual Yield | ||
| Federal Reserve Bank of San Francisco President John Williams said Monday it will likely be more than a year before the central bank begins raising interest rates. St. Louis Fed President James Bullard said he expects the first increase to come at the end of the first quarter of 2015. | |||||||
| Responding to Washington’s accusations that members of the Chinese military hacked into U.S. companies’ computers, China said it has been the victim of massive cyber attacks from the U.S. over the past two months. U.S. prosecutors yesterday publicly accused five Chinese army officers in Shanghai of hacking into several U.S. companies in key industries including nuclear power, solar power, and metals and stealing business secrets. The alleged victims included Alcoa , U.S. Steel, Westinghouse, SolarWorld, Allegheny Technologies, and the United Steelworkers union. | |||||||
| Credit Suisse became the first financial institution in more than a decade to plead guilty to a crime yesterday when the Swiss bank admitted it conspired to aid tax evasion and agreed to pay $2.6 billion to settle a long-running probe by the U.S. Justice Department. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/williams-says-first-rate-hike-likely-second-half-2015-2014-05-19 | |||||||
| http://www.marketwatch.com/story/china-on-hacking-we-are-victims-of-us-cyber-attacks-2014-05-20 | |||||||
| http://www.marketwatch.com/story/credit-suisse-pleads-guilty-to-tax-evasion-2014-05-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||