| The KUIK Market Update for Monday, June 8: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (27) | points | 17,823 | 8:12 AM | ||
| S&P500 | Down | -0.2% | percent | 2,088 | (4.82) | ||
| Nasdaq Composite | Down | -0.3% | percent | 5,051 | (17.42) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.10 | Annual Yield | ||
| Alibaba Group announced yesterday that its cloud-computing unit Aliyun will launch a new partnership with Intel and other major telecoms and internet companies around the world. The “Marketplace Alliance Program,” will tap Intel and other Alibaba partners to localize cloud services “to meet the regional needs of global developers.” Other alliance members include PCCW in Hong Kong, and Equinix in the U.S., among others. | |||||||
| The U.S. dollar fell against most other major currencies Monday morning after a report that President Obama said at the G-7 summit that the “strong dollar posed a problem”. A French official said Obama made the comment Sunday, according to Bloomberg News. But a senior White House official denied the report to Reuters, saying the president was just reiterating his belief that global demand needs to strengthen and G-7 members need to step up use of policy to drive growth. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/alibaba-intel-others-form-new-cloud-computing-alliance-2015-06-07 | |||||||
| http://www.marketwatch.com/story/dollar-slips-after-obama-voices-concern-over-strong-greenback-2015-06-08?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||