| The KUIK Morning Market Report for Tuesday, January 8: | |||||||
| Markets opened mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (29) | points | 13,356 | 7:07 AM | ||
| S&P500 | Down | -0.4% | percent | 1,456 | (5.68) | points | |
| Nasdaq Composite | Up | 0.0% | percent | 3,099 | 0.08 | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 3.06 | Annual Yield | ||
| Bloomberg News reported that President Obama may choose White House Chief of Staff Jack Lew to succeed Tim Geithner as treasury secretary. The new treasury secretary will play a key role in working with Congress to lift the government’s debt ceiling, The president needs to choose a new commerce secretary, an administrator of the Environmental Protection Agency, a U.S. Trade Representative, and the director of the Office of Management and Budget. | |||||||
| Marketwatch reports that the US economy will probably have more of the new normal in 2013 with the economy growing around 2%, wages rising about 2% a year and about 150,000 jobs being created each month. Typically in the state of a recovery, the economy grows around 3% a year and adds more than 200,000 jobs a month. | |||||||
| The NFIB small-business optimism index rose 0.5 point to 88.0, still in recession territory. November’s reading was the worst since March 2010. Gains in earnings trends and expectations that real sales will be higher helped to offset a 4-point drop in plans to increase employment. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/obama-may-tap-staff-chief-lew-for-treasury-report-2013-01-08 | |||||||
| http://www.marketwatch.com/story/us-out-of-slow-lane-but-cant-find-fast-lane-2013-01-06 | |||||||
| http://www.marketwatch.com/story/small-business-sentiment-edges-up-from-lows-nfib-2013-01-08 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||