| The KUIK Market Update for Wednesday, December 10: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (121) | points | 17,680 | 8:01 AM | ||
| S&P500 | Down | -0.6% | percent | 2,048 | (11.84) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,748 | (18.60) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.86 | Annual Yield | ||
| Crude oil futures continued their slide today as traders booked profits on recent gains as OPEC cut its demand outlook. January crude is off 1.9% to $62.61 a barrel on the New York Merc. OPEC forecasts that demand for its oil will drop to 28.9 million barrels a day in 2015, down from 29.4 million barrels a day in 2014. | |||||||
| USA Today reports four companies received approval from the Federal Aviation Administration to fly commercial drones to conduct aerial surveys, monitor construction sites, and inspect oil rigs. The exemptions for Trimble Navigation Limited, VDOS Global, Clayco, and Woolpert, come as the FAA works on drafting comprehensive regulations for drones to share the skies with passenger planes. | |||||||
| Airbus announced it will probably cut production of its A330 long-range jet and that it faces a delay in delivering the first A350 jetliner to Qatar Airways. Earlier this year, Airbus announced plans to cut production next year of the A330 to nine aircraft a month from 10 jets amid weakening demand for the widebody aircraft. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/crude-oil-futures-lose-gains-as-traders-book-profits-2014-12-10-11035147 | |||||||
| http://www.usatoday.com/story/money/business/2014/12/10/faa-drones-trimble-vdos-clayco-woolpert-amazon/20187761/ | |||||||
| http://www.marketwatch.com/story/airbus-likely-to-trim-a330-jet-production-further-2014-12-10-104852427 | |||||||
| For today’s Market Update Report click to listen-> | |||||||