| The KUIK Morning Market Report for Monday, October 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 67 | points | 17,076 | 7:06 AM | ||
| S&P500 | Up | 0.3% | percent | 1,974 | 6.52 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,487 | 11.07 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.14 | Annual Yield | ||
| Big news in tech land. Hewlett Packard is splitting up. HP will put its lower margin PC and printer business into H-P Inc. while corporate systems, software, and services will form another entity called Hewlett-Packard Enterprise. Chief Executive Officer Meg Whitman will head up the enterprise group as CEO, and will be chairman of H-P Inc. Both companies will be big. The printing and personal-systems group reported $55.9 billion in fiscal 2013 revenue, while corporate systems, services, software and financial services had $59 billion. | |||||||
| German factory orders fell an adjusted 5.7% in August, signaling a weak rest of the year according to the German economic ministry. Analysts surveyecd by Dow Jones expected only a 2.4% drop. July was revised upward for at a 4.9% increase, versus an originally reported 4.6%. | |||||||
| The World Bank today cut its economic-growth forecast for China, citing measures to reform the economy and tackle pollution. The lender cut Chinese growth for this year to 7.4%, down from a previous forecast of 7.6% and putting it below Beijing’s target of 7.5%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/h-p-heeds-wall-streets-call-in-splitting-up-2014-10-06 | |||||||
| http://www.marketwatch.com/story/german-factories-see-57-drop-in-orders-2014-10-06 | |||||||
| http://www.marketwatch.com/story/world-bank-cuts-growth-forecasts-for-china-developing-east-asia-2014-10-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||