| The KUIK Market Update for Monday, October 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (37) | points | 17,179 | 8:04 AM | ||
| S&P500 | Down | -0.2% | percent | 2,029 | (4.44) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,895 | 7.95 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.90 | Annual Yield | ||
| China’s economic growth slowed to 6.9% in the third quarter, falling below 7% for the first time since 2009, accordng to the National Bureau of Statistics. Even though economists expected 6.8%, It raises concerns that a slowdown in China will continue to hurt global growth and that the government measures has not improved the economy. Quarterly growth was 1.8% on a seasonally adjusted basis, compared with a 1.7% expansion in the second quarter. | |||||||
| If you fly a drone, you’re going to have to register it with the U.S. Department of Transportation, according to NBC News. Transportation Secretary Anthony Foxx and Administrator Michael Huerta of the Federal Aviation Administration will release more details today at 9:30 am Pacific time. | |||||||
| Marketwatch.com reports Amazon.com is expanding its efforts to target people that post fake reviews on its website. The company has filed a lawsuit in Seattle claiming 1,114 defendants are selling fake reviews for as little as $5 on the website Fiverr.com. Amazon doesn’t know the real names of the people posting the reviews, terming them “John Does” in the complaint. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinas-economic-growth-slows-to-69-2015-10-19 | |||||||
| http://www.marketwatch.com/story/all-drones-to-require-federal-registration-2015-10-16 | |||||||
| http://www.marketwatch.com/story/amazon-sues-sellers-of-fake-product-reviews-reports-2015-10-19?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||