| The KUIK Morning Market Report for Tuesday, May 19: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (18) | 18281.06 | 18,279 | 7:06 AM | ||
| S&P500 | Down | 0.0% | percent | 2,129 | (0.67) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,075 | (3.27) | ||
| 30 Year Treasury | Up | 6 | Basis Points | 3.08 | Annual Yield | ||
| The Commerce Department reports construction starts on new U.S. homes jumped up 20.2% in April to a seasonally adjusted annual rate of 1.14 million. That’s the biggest monthly percentage gain in over 24 years and the highest level since November 2007. Starts for single-family homes rose 16.7% to an annual rate of 733,000, the fastest pace since early 2008, while starts in buildings with at least five units jumped 31.9% to a pace of 389,000. | |||||||
| Bloomberg reports that bacon is having its moment. Its popularity has exploded. Last year, a piglet-killing virus shrank U.S. hog herds, sending futures prices to all-time highs. Record U.S. pork production will surpass beef output for the first time as overseas demand slows, creating a glut and sending retail and wholesale prices to low levels. At the supermarket bacon has fallen 25 percent in the past year, to $4.12 a pound this week, according to data from the Department of Agriculture. Wholesale pork bellies, the cut of meat used to make bacon slices, touched a five-year low in April and now cost 45 percent less than a year ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-surge-20-in-april-2015-05-19 | |||||||
| http://www.bloomberg.com/news/articles/2015-05-18/with-bacon-so-cheap-even-veggie-burgers-get-two-strips-on-top | |||||||
| For today’s Morning Market Report click to listen-> | |||||||