| The KUIK Market Update for Monday, June 1: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 10 | points | 18,022 | 7:00 AM | ||
| S&P500 | Up | 0.1% | percent | 2,109 | 1.73 | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,066 | (3.81) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.89 | Annual Yield | ||
| The Commerce Department reports consumer spending was flat in April as Americans increased savings. Personal incomes rose a seasonally adjusted 0.4% after no gain in March. Economists expected a 0.1% increase in spending and a 0.3% gain in income.The savings rate increased to 5.6% from 5.2%. Inflation as gauged by the Personal Consumption Expenditures price index was unchanged. | |||||||
| Greece’s Prime Minister Alexis Tsipras has lashed out at the EU, European Central Bank and International Monetary Fund, accusing the creditors of making “absurd proposals” for Greek reforms. Writing in French daily Le Monde on Sunday, Tsipras blamed the institutions for the lack of agreement so far and accused them of wanting to impose a “harsh punishment” on Greece. The comments come as Athens is struggling to hammer out a deal with its lenders before it runs out of cash to repay upcoming loans, including a $327 million payment to the IMF this Friday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-softens-again-flat-in-april-2015-06-01 | |||||||
| http://www.marketwatch.com/story/greek-pm-tsipras-accuses-lenders-of-making-absurd-demands-2015-06-01 | |||||||
| For today’s Market Update Report click to listen-> | |||||||