The KUIK Morning Market Report for Thursday, December 14:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
65
points
24,651
7:13 AM
S&P500
Up
0.2%
percent
2,667
2.55
Nasdaq Composite
Up
0.2%
percent
6,888
(0.72)
30 Year Treasury
Up
1
Basis Points
2.75
Annual Yield
Disney announced today it will buy some of the assets of 21st Century Fox for $52.4 billion in stock. That includes Fox’s film and television studio and its international and cable TV businesses. Disney will also assume about $13.7 billion in debt. Shares of Fox are up 0.75% $32.80 a share. The deal could help Disney become a player video-streaming as well as power up the company’s television business. The Fox Broadcasting Network and channel will be listed in a separate company.
The Labor Department reports initial claims for unemployment benefits fell by 11,000 to 225,000 the week ended December 9. Economists expected 235,000. Continuing claims fell by 27,000 to 1.89 million the week before.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
