| The KUIK Market Update for Wednesday, September 9: | |||||||
| Markets are flat after being strongly up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 7 | points | 16,500 | 8:05 AM | ||
| S&P500 | Up | 0.2% | percent | 1,973 | 3.48 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,817 | 5.45 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.01 | Annual Yield | ||
| The Federal Reserve should not hike rates in September now that the world economy is looking so troubled, says Kaushik Basu, the World Bank’s chief economist. In an interview with the Financial Times, Basu said a rate hike would be a “shock” to emerging markets as they still are reeling from the “bad news” last month of China’s surprise devaluation. The World Bank’s forecast in June of 2.8% growth for the global economy could be lowered given the slowdown in emerging economies like China and Brazil and developed economies except for the U.S. | |||||||
| The Labor Department reports job openings rose to a record 5.75 million in July, up from 5.32 million in June. The government started tracking the data in Dec. 2000. The openings rate rose to 3.9% after staying at 3.6% the prior three months. Despite the rise in openings, hiring actually fell to 4.98 million from 5.18 million in June. Separations fell to 4.72 from 4.91 million. And the quits rate stayed at 1.9% for the fourth month. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/world-bank-chief-economist-fed-should-not-hike-given-troubled-global-economy-2015-09-08 | |||||||
| http://www.marketwatch.com/story/job-openings-surge-to-new-record-of-575-million-in-july-2015-09-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||