| The KUIK Morning Market Report for Wednesday, September 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 185 | points | 16,232 | 7:05 AM | ||
| S&P500 | Up | 1.3% | percent | 1,908 | 24.28 | ||
| Nasdaq Composite | Up | 1.5% | percent | 4,583 | 65.79 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.88 | Annual Yield | ||
| ADP reports private companies in the U.S. added 200,000 jobs in September, suggesting little letup in the pace of hiring across the country. The construction industry led the way, putting 35,000 more workers on payroll. Professionals rose by 29,000 while financial firms hired 15,000 workers. Energy and manufacturing lost 15,000 jobs. | |||||||
| The Chicago Purchasing Managers Index fell to 48.7 in September from 54.4 in August according to MNI Indicators. Readings below 50 indicate contraction. MNI said production growth collapsed and new orders fell sharply. | |||||||
| Melba Acosta-Febo, president of the Government Development Bank for Puerto Rico, and Pedro Pierluisi, Puerto Rico’s representative in Congress, told a Senate Finance Committee that Chapter 9 of the bankruptcy code should be available to Puerto Rico the same way it is available to other U.S. entities. Gov. Alejandro Garcia Padilla has called the commonwealth’s $72 billion in debt unpayable. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/adp-200000-private-sector-jobs-created-in-september-2015-09-30 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-slides-into-contraction-territory-in-september-2015-09-30 | |||||||
| http://www.marketwatch.com/story/puerto-rico-officials-press-lawmakers-for-bankruptcy-power-2015-09-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||