| The KUIK Morning Market Report for Thursday, December 4: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (48) | points | 17,864 | 7:00 AM | ||
| S&P500 | Down | -0.2% | percent | 2,070 | (4.19) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,778 | 3.41 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 2.99 | Annual Yield | ||
| The International Monetary Fund released the latest numbers for the world economy. Measuring national economic output, China will produce $17.6 trillion in goods and services this year, compared to $17.4 trillion for the U.S.A. As recently as 2000, we produced nearly three times as much as the Chinese. China now accounts for 16.5% of the global economy when measured in real purchasing power terms, compared to 16.3% for the U.S. When you’re number 2 you try harder. | |||||||
| Announced layoffs dropped to about 36,000 in November, pulling back from a surge in October, according to outplacement firm Challenger, Gray & Christmas. Led by job cuts in the consumer-products industry, November’s announced layoffs were down 30% from 51,000 in October and 21% from 45,000 announced cuts in November 2013. Employers have announced about 451,000 cuts this year, down 6% from the same period in 2013. This year’s jobs cuts are on track to hit the lowest annual total since 1997. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04 | |||||||
| http://www.marketwatch.com/story/challenger-reports-employers-announced-36000-layoffs-in-november-2014-12-04 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||