| The KUIK Market Update for Tuesday, July 21: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (183) | points | 17,917 | 8:08 AM | ||
| S&P500 | Down | -0.4% | percent | 2,120 | (7.94) | ||
| Nasdaq Composite | Down | -0.4% | percent | 5,199 | (20.02) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.10 | Annual Yield | ||
| The Securities and Exchange Commission has opened an investigation into the companies with business links to FIFA, the global soccer organization, according to Reuters. Publicly traded U.S. companies are vulnerable to allegations they may have bribed FIFA officials to obtain contracts such as marketing, sponsorship, and broadcast media rights. Reuters said that Nike is probably one of the companies being scrutinized by the SEC even though it has not been named or charged with any wrongdoing. The indictment of FIFA officials by U.S. prosecutors described a “$160 million, 10-year deal signed by “Sportswear Company A” that “matched exactly” the details of Nike’s 1996 deal in Brazil to become the footwear and apparel supplier and sponsor of the Brazilian national team. | |||||||
| Gold struggled to recover from eight straight sessions of losses, as growing expectations the Federal Reserve will raise interest rates later this year and a lack of interest in the metal as a haven investment kept prices at their lowest levels since March of 2010. August gold traded at $1,105.90 an ounce on the Comex, down 0.1%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sec-to-investigate-us-companies-for-potential-fifa-bribes-2015-07-21?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/gold-silver-trade-near-five-year-lows-in-asia-2015-07-21 | |||||||
| For today’s Market Update Report click to listen-> | |||||||