| The KUIK Morning Market Report for Wednesday, September 16: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 5 | points | 16,603 | 7:03 AM | ||
| S&P500 | Up | 0.0% | percent | 1,979 | 0.42 | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,849 | (11.40) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.06 | Annual Yield | ||
| The Labor Department reports the consumer price index fell 0.1% in August , the first drop since January, mainly because of the drop in the price of gasoline . Economists had expected no change. Energy prices fell 2%,while foodrose 0.2%, however, led by a big increase in the cost of eggs. Excluding food and energy, core consumer prices rose 0.1% in August. | |||||||
| The Federal Open Market Committee concludes its two-day meeting Thursday with a policy statement and news conference. Ahead of the Fed meeting, gold inched higher on that consumer-price index report. December gold was up 0.9%, to $1,112.90 an ounce. | |||||||
| The Federal Aviation Administration announced yesterday it has set up “No Drone Zones” in Washington, D.C., New York, and Philadelphia for the Pope’s visit from September 22 through September 27. FAA Administrator Michael Huerta said in a note that “If you plan to attend any of the Papal visit events, please leave your drone at home,” sand that anyone tempted to send their unmanned gadgets into the heavens during the banned period could face “civil and criminal charges.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-or-cpi-drop-01-in-august-2015-09-16 | |||||||
| http://www.marketwatch.com/story/gold-futures-tip-higher-after-cpi-report-2015-09-16 | |||||||
| http://www.marketwatch.com/story/heavens-to-be-drone-free-for-popes-us-visit-says-faa-2015-09-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||