| The KUIK Morning Market Report for Monday, June 8: | |||||||
| Markets have opened to the downside. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (39) | points | 17,811 | 7:01 AM | ||
| S&P500 | Down | -0.3% | percent | 2,087 | (5.63) | ||
| Nasdaq Composite | Down | -0.4% | percent | 5,050 | (18.55) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.10 | Annual Yield | ||
| Alibaba Group announced yesterday that its cloud-computing unit Aliyun was launching 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. | |||||||
| Apple is assembling a high-speed network and upgrading how it builds data centers, in a push to be more competitive with Amazon.com, Google, and Microsof in cloud services, according to Bloomberg. Up to now, Apple has relied mostly on traditional network providers and technology suppliers to support consumer services such as iTunes for music and movies, iCloud for storing photos and other content and the Siri voice-activated assistant. Apple will stick with most of its existing vendors, and is mainly seeking to improve its current infrastructure. Apple is planning to introduce a streaming-music service at its developer conference in San Francisco today, with TV following later in the year. It needs faster infrastructure to ensure glitch-free delivery. | |||||||
| 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.bloomberg.com/news/articles/2015-06-08/apple-said-to-build-high-speed-network-for-fast-content-delivery | |||||||
| For today’s Morning Market Report click to listen-> | |||||||