| The KUIK Market Update for Wednesday, October 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 71 | points | 16,861 | 7:54 AM | ||
| S&P500 | Up | 0.4% | percent | 1,988 | 7.96 | ||
| Nasdaq Composite | Up | 0.0% | percent | 4,750 | 2.04 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.91 | Annual Yield | ||
| Two members of Congress are calling for a probe of fantasy sports sites. Sen. Bob Menendez and Rep. Frank Pallone, Democrats from New Jersey, wrote to Federal Trade Commission Chairman Edith Ramirez asking whether the agency has authority under the law to regulate online fantasy sports gaming. They “believe that fantasy sports should be legal and subject to appropriate consumer and competitive protections.” The letter was prompted by reports employees of FanDuel and DraftKings have used nonpublic information to trade on each other’s sites. | |||||||
| Oil prices pared gains on Wednesday after the U.S. Energy Information Administration reported an increase of 3.1 million barrels in crude supplies for the week ended October 2. Analysts polled by Platts expected supplies to be up by only 1.75 million barrels, while the American Petroleum Institute yesterday said inventories fell 1.2 million barrels. November crudeis up 0.9% to $48.98 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sen-menendez-rep-pallone-call-for-ftc-probe-into-fantasy-sports-sites-2015-10-06 | |||||||
| http://www.marketwatch.com/story/oil-pares-gains-after-eia-reports-31-million-barrel-rise-in-crude-supplies-2015-10-07 | |||||||
| For today’s Market Update Report click to listen-> | |||||||