| The KUIK Morning Market Report for Tuesday, August 18: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (36) | points | 17,508 | 7:09 AM | ||
| S&P500 | Down | -0.1% | percent | 2,100 | (2.13) | ||
| Nasdaq Composite | Down | -0.2% | percent | 5,080 | (11.95) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.84 | Annual Yield | ||
| The Commerce Department reports housing starts edged up 0.2% to an annual rate of 1.21 million last month. That’s the highest rate since October 2007, two months before the last recession began. Economists expected a seasonally adjusted 1.19 million. Starts for June were also revised upward. Permits for new construction, a sign of future demand, fell 16.3% to an annual rate of 1.12 million but they are still 7.5% higher than a year ago. Permits for single-family homes, which account for almost three-quarters of the housing market, slipped 1.9% to an annual rate of 679,000.. | |||||||
| The National Labor Relations Board decided not to assert jurisdiction in a case whether Northwestern University football players who received scholarships were employees. The board said asserting jurisdiction would not promote labor stability due to the nature and structure of NCAA Division I Football Bowl Subdivision, since 108 of the 125 teams are from state-run colleges and universities. The decision applies only to the players in this case and does not eliminate other college players forming unions in the future. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-in-july-at-highest-level-since-before-recession-2015-08-18 | |||||||
| http://www.marketwatch.com/story/nlrb-says-it-doesnt-have-jursidiction-in-northwestern-college-football-case-2015-08-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||