| The KUIK Market Update for Tuesday, April 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 84 | points | 17,965 | 8:01 AM | ||
| S&P500 | Up | 0.3% | percent | 2,088 | 6.99 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,944 | 26.62 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.57 | Annual Yield | ||
| The Bank of England has asked U.K. banks to put emergency plans in place to to absorb the potential shock from an escalation of the Greek debt crisis. Since February, Greece has been working with the International Monetary Fund and the European Central Bank to lay out a reform plan, so it can get the next round of bailout money. Attempts to hammer out a deal have failed: Greece is calling for greater leniency on its bailout terms, while its lenders insist Athens must stick to its earlier arrangements and implement needed reforms. Economists say Greece is at risk of running out of money in late April, unless the bailout funds are released. Without the money, the biggest concern is that the country will default on its debt and Grexit from the eurozone. | |||||||
| Job openings rose to a 14-year high of 5.13 million in February from 4.97 million in January, according to the Labor Department. There were 1.69 unemployed people for every opening in February. The quits rate fell to 1.9% from 2%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/boe-calls-on-banks-to-brace-for-greek-eurozone-exit-2015-04-07 | |||||||
| http://www.marketwatch.com/story/job-openings-rise-to-14-year-high-in-february-2015-04-07 | |||||||
| For today’s Market Update Report click to listen-> | |||||||