| The KUIK Morning Market Report for Wednesday, August 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 45 | points | 16,606 | 7:07 AM | ||
| S&P500 | Up | 0.4% | percent | 1,941 | 7.34 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,414 | 24.30 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.26 | Annual Yield | ||
| The Commerce Department reports retail sales were unchanged in July, the weakest result in six months. Excluding cars retail sales rose a seasonally adjusted 0.1%. That missed expectations. Economists expected 0.2% growth in July, matching June’s result. Auto sales fell 0.2% in July, and rose 0.3% at food and beverage stores, and 0.1% at gas stations. | |||||||
| Business inventories rose 0.4% in June to a seasonally adjusted $1.74 trillion, according to the Commerce Department. Economists expected 0.3% growth, compared with 0.5% in May. Sales rose 0.3% in June. | |||||||
| Amazon.com launched a new mobile payment service for businesses to process credit and debit card transactions from a smartphone or tablet. Amazon Local Register users will download an app and attach a card reader provided by Amazon to their mobile device. The service is direct competition to Square. Users who sign up before Oct. 31 will receive a promotional transaction rate of 1.75% on swiped transactions until January 1, 2016. After that, users will pay a flat rate of 2.5% on all swiped transactions. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retail-sales-unchanged-in-july-2014-08-13 | |||||||
| http://www.marketwatch.com/story/us-business-inventories-rise-04-in-june-2014-08-13-109107?link=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/amazon-unveils-mobile-payment-service-2014-08-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||