| The KUIK Market Update for Wednesday, September 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 22 | points | 17,154 | 8:06 AM | ||
| S&P500 | Up | 0.1% | percent | 2,001 | 2.48 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,559 | 6.17 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.35 | Annual Yield | ||
| The Labor Department reports the consumer price index dropped a seasonally adjusted 0.2% last month. Economists expected it to be flat. That’s the first decline in 16 months, largely because of a drop in the price of gasoline. Energy costs fell by 2.6% for biggest drop in 17 months. Food costs rose 0.2%, however. Beef prices jumped 4.2% for the biggest increase in almost 11 years. | |||||||
| This week’s Federal Reserve meeting will be closely-watched as the central bank prepares the groundwork for an increase in interest rates. The Fed will release its policy statement at 11 am Pacific time today. Fed Chairman Janet Yellen will follow up with a press conference at 11:30. | |||||||
| Democrat New Jersey Senator Cory Booker introduced legislation yesterday that would put an end to the National Football League’s tax-exempt status. Senator Maria Cantwell, a Democrat from Washington, also reportedly plans to introduce legislation eliminating the league’s status. Booker was pushed by the league’s handling of players involved with domestic violence, and Cantwell is looking at the NFL’s not forcing the Washington Redskins to change its name. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-fall-for-first-time-in-16-months-2014-09-17 | |||||||
| http://www.marketwatch.com/story/eight-keys-to-feds-september-meeting-2014-09-15 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/09/17/senators-take-aim-at-nfls-tax-benefits/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||