| The KUIK Morning Market Report for Friday, January 11: | |||||||
| Markets open mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (10) | points | 13,461 | 6:57 AM | ||
| S&P500 | Down | -0.2% | percent | 1,469 | (3.51) | points | |
| Nasdaq Composite | Up | 0.1% | percent | 3,125 | 13.43 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.10 | Annual Yield | ||
| Ford said it’s planning to hire 2,200 salaried workers in the U.S. this year to support the introduction of new products. The job additions announced today were the company’s largest increase in new salaried workers in more than a decade. Ford is now more than halfway to reaching its target of creating 12,000 hourly U.S. jobs by 2015. | |||||||
| American Express said Thursday that it will eliminate about 5,400 jobs this year, ending 2013 with overall staff levels down 4% to 6% from the current total. The company will take a $400 million restructuring harge as result. | |||||||
| In Japan it’s being called Abenomics. Prime Minister Shinzo Abe called for the Bank of Japan to pursue unlimited monetary easing and to set a 2% inflation target. The Japanese cabinet yesterdayapproved a 227 billion dollar stimulus package. A large part of the package will be spent on public works, which Abe said will push up GDP growth by 2 percentage points and create 600,000 new jobs. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ford-to-hire-2200-us-salaried-workers-in-2013-2013-01-11 | |||||||
| http://www.marketwatch.com/story/american-express-to-slash-5400-jobs-2013-01-10 | |||||||
| http://blogs.marketwatch.com/thetell/2013/01/11/abenomics-gaining-traction-in-japan-and-google-searches/ | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||