| The KUIK Morning Market Report for Wednesday, November 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (48) | points | 17,567 | 7:00 AM | ||
| S&P500 | Down | -0.2% | percent | 2,036 | (4.03) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,654 | (6.77) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.06 | Annual Yield | ||
| European Central Bank President Mario Draghi today called on eurozone governments to implement necessary structural reforms to revive growth in the area. Speaking at the School of Economics and Business Studies in Rome, he repeated earlier calls for national governments to reform the labor market in efforts to bring down the eurozone unemployment rate that is stuck close to crisis-highs. | |||||||
| China’s anti–Valentine’s Day called Singles Day, was bigger than than Black Friday in the US. It was the world’s most profitable online shopping day, and with ChineseeE-commerce company Alibaba passing $9 billion in sales in 24 hours, it has become one of the most profitablemade-up holidays in history. The Alibaba created Singles Day in 2009 as a play on a twenty year old celebration of China’s bachelors. Sales have grown immensely, skyrocketing a whopping 5,740% from 2009 to 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/draghi-fiscal-policy-alone-cant-revive-the-eurozone-2014-11-12 | |||||||
| http://www.marketwatch.com/story/alibabas-singles-day-bigger-than-black-friday-2014-11-10?mod=MW_story_recommended_default | |||||||
| For today’s Morning Market Report click to listen-> | |||||||