| The KUIK Morning Market Report for Friday, December 28: | |||||||
| Markets opened down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (78) | points | 13,017 | 7:01 AM | ||
| S&P500 | Down | -0.7% | percent | 1,409 | (9.32) | points | |
| Nasdaq Composite | Down | -0.5% | percent | 2,991 | (14.40) | points | |
| 30 Year Treasury | Down | (0) | Basis Points | 2.88 | Annual Yield | ||
| The Chicago Purchasing Managers Index was just announced. It came in at 51.6, up from 50.4 in November. Economists forecast 51.0. | |||||||
| Chinese rating agency Dagong Global Credit Rating put U.S. government debt on a negative watch and highlighted what it said was a lack of political consensus on how to tackle Washington’s debt problem over the long term. | |||||||
| US company Fitch Ratings says the fiscal cliff is the “single biggest near-term threat to the world economy.” | |||||||
| A potential strike by almost 15,000 dock workers at 14 ports from Boston to Houston beginning on Sunday may wreck retailers’ spring selling plans. Yesterday, a federal mediator called for a meeting of the International Longshoremen’s Association, representing the dock workers, and the U.S. Maritime Alliance, representing the shipping operators, ahead of the Dec. 29 contract expiration. It is not known when and where they meet before Sunday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinese-rating-agency-puts-us-on-negative-watch-2012-12-26 | |||||||
| http://www.marketwatch.com/story/fitch-fiscal-cliff-is-top-threat-to-world-economy-2012-12-19 | |||||||
| http://www.marketwatch.com/story/port-strike-would-threaten-spring-retail-sales-2012-12-27 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||