| The KUIK Market Update for Wednesday, September 10: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (31) | points | 16,983 | 8:10 AM | ||
| S&P500 | Down | -0.2% | percent | 1,985 | (3.70) | ||
| Nasdaq Composite | Unchanged | 0.0% | percent | 4,553 | 0.23 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.27 | Annual Yield | ||
| The Department of Labor reports average consumer spending fell in 2013, for its first drop in three years, as families cut expenditures on clothing, and entertainment, as well as charitable contributions. Last year, total average expenditures by families, singles and other “consumer units” hit $51,100, down 0.7% from 2012 as income edged down. Spending rose for housing and health care. | |||||||
| The Federal Communicatons Commission is considering new rules for how broadband providers must treat traffic traveling over their networks. Speaking at a wireless industry convention in Las Vegas , Chairman Tom Wheeler said the FCC is considering whether to apply the rules to wireless networks as well. Wheeler’s proposal would ban broadband providers from blocking or slowing down individual websites, but allow them to cut deals with content companies for special access to consumers, like faster lanes. The proposal has spawned a backlash from advocates of net neutrality, the principle that all Internet traffic should be treated equally. Net neutrality proponents have flooded the FCC with over 1.2 million comments this summer, most of them calling for the FCC to ban special deals like fast lanes. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.bls.gov/news.release/pdf/cesan.pdf | |||||||
| http://www.marketwatch.com/story/fcc-chairman-broadband-rules-could-cover-wireless-networks-2014-09-10 | |||||||
| For today’s Market Update Report click to listen-> | |||||||