Morning Market Report 1/12/2014

January 12, 2015
The KUIK Morning Market Report for Monday, January 12:
Markets are down.
Index Direction Change Units Time Change
Dow Down                   (135) points           17,602 6:59 AM
S&P500 Down -0.9% percent            2,026           (18.34)
Nasdaq Composite Down -0.9% percent            4,664           (40.50)
30 Year Treasury Down                      (2) Basis Points              2.53 Annual Yield
Marketwatch reports Greek government bond prices fell today after Prime Minister Antonis Samaras offered to ease austerity measures ahead of the January  25 election. The prime minister said over the weekend that there “will be no more pension or wage cuts”, and that the next step will be tax cuts “across the board”,
The White House is pushing for new laws and executive actions that would tighten corporate defenses against cyberattacks, following major breaches that include Target and Sony Entertainment. Both measures would focus on improving how threats are shared between the government and companies. Obama will discuss initiative tomorrow during a visit to the National Cybersecurity and Communications Integration Center and then again later this month during his State of the Union address.
 February crude is off  3.1%  to at $46.84 a barrel on the New York Merc. That follows a 0.9% loss during Friday‘s regular session on the Merc. Goldman Sachs cut its 2015 forecast for crude to $47.15 a barrel, down from $73.75 a barrel. For 2016, they called for $65 a barrel, down from $80. For this first quarter, they see the price at $46, down from $75.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/greek-bond-yields-fall-as-samaras-pledges-tax-cuts-2015-01-12
http://www.marketwatch.com/story/white-house-aims-to-harden-cyberattack-defense-2015-01-12
http://www.marketwatch.com/story/oil-loses-more-ground-as-goldman-sachs-cuts-outlook-2015-01-11
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