| The KUIK Market Update for Monday, July 28: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (46) | points | 16,914 | 7:51 AM | ||
| S&P500 | Down | -0.4% | percent | 1,971 | (6.96) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,427 | (23.02) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.23 | Annual Yield | ||
| The National Association of Realtors reports pending home sales fell 1.1% June to mark the first decline in four months. The index is down 7.3% from a year-ago, showing that sales still face challenges. By region, pending home sales rose 1.1% in the Midwest and 0.2% in the West, but they fell 2.9% in the Northeast and 2.4% in the South. | |||||||
| A federal court is scheduled to sentence a once high-end wine seller Thursday for attempting to pass off more than $22 million worth of bogus bottles as rare, vintage ones. Rudy Kurniawan, who became known as “Dr. Conti” for his affinity for the expensive French bottle Domaine de la Romanée-Conti, faces up to 40 years in jail for fraud. Kurniawan would manufacture the fake rare and vintage bottles in his Arcadia, Calif., home in a “counterfeit wine laboratory,” mixing and blending cheap wines and pouring the concoctions into empty bottles of more expensive varieties. Researchers have found that in blind tastings, people who don’t know the price can’t tell the difference between cheap and more expensive wines. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/pending-us-home-sales-decline-slightly-in-june-2014-07-28 | |||||||
| http://www.marketwatch.com/story/how-to-spot-fake-wine-2014-07-24 | |||||||
| For today’s Market Update Report click to listen-> | |||||||