| The KUIK Market Update for Monday, August 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (19) | points | 16,474 | 8:10 AM | ||
| S&P500 | Down | 0.0% | percent | 1,925 | (0.49) | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,351 | (1.19) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.27 | Annual Yield | ||
| European stocks were flat today, with markets cautious after Portugal’s central bank unveiled a bailout plan for Banco Espírito Santo. Under a plan outlined late Sunday , toxic assets at the bank will be put into a bad bank that will eventually be wound down. Healthy Assets and deposits will be put into a “good” bank called Novo Banco which will get a 4.9 billion euro cash infusion from a special bank resolution fund that Portugal set up in 2012. Novo Banco will be sold and proceeds used to pay back the fund. | |||||||
| MarketWatch reports that companies from wedding photographers to dentists are slipping non-disparagement clauses into terms of service, that fine print almost no one bothers to read. Consumers who violate these policies may be sued and fined, even if the complaints are 100% true. For example, the Union Street Guest House in Hudson, N.Y., demands you pay them if you — or any of your wedding guests — write a bad review of the hotel. Read your terms of service carefully. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-flat-after-portugal-bank-bailout-2014-08-04 | |||||||
| http://www.marketwatch.com/story/you-just-gave-up-your-first-amendment-rights-2014-03-19?link=MW_home_latest_news | |||||||
| For today’s Market Update Report click to listen-> | |||||||