| The KUIK Market Update for Friday, June 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (164) | points | 17,875 | 7:49 AM | ||
| S&P500 | Down | -0.8% | percent | 2,093 | (15.79) | ||
| Nasdaq Composite | Down | -0.7% | percent | 5,049 | (33.87) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.07 | Annual Yield | ||
| European stock markets dropped for the first time in three days on Friday after the International Monetary Fund walked out on Greece’s bailout talks, increasing the risk of a Greek default and exit from the eurozone. The Stoxx Europe 600 index fell 0.2% to 392.20, cutting its weekly gain to 0.8%. Greece’s Athex Composite Index fell -5.92% to 774. | |||||||
| President Obama made a rare trip to Capitol Hill today to press fellow Democrats to back his trade agenda, a key second-term priority, in a sign that his own party may scuttle a vote on fast-track negotiating authority. With the House set to vote in just a few hours, some Democrats are threatening to oppose providing aid to displaced workers — a program they typically support — as a means to block a vote on the expedited trade negotiating authority sought by Obama. The fast-track measure would strengthen Obama’s authority in negotiating trade agreements with foreign governments, including a pending partnership with 11 other Pacific Rim nations. Most Republicans in the House appear poised to vote for the legislation, while most of the president’s fellow Democrats oppose it. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/greek-stocks-take-a-beating-as-grexit-risks-rise-2015-06-12 | |||||||
| http://www.bloomberg.com/politics/articles/2015-06-12/rare-republican-alliance-set-to-give-obama-fast-track-trade-win | |||||||
| For today’s Market Update Report click to listen-> | |||||||