| The KUIK Market Update for Tuesday, July 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (148) | points | 17,535 | 7:42 AM | ||
| S&P500 | Down | -0.6% | percent | 2,057 | (11.49) | ||
| Nasdaq Composite | Down | -1.7% | percent | 4,907 | (84.64) | ||
| 30 Year Treasury | Down | (7) | Basis Points | 3.00 | Annual Yield | ||
| Advanced Micro Devices said it expects second-quarter revenue will be lower than previous guidance, citing weak consumer PC demand. The company expects a revenue decline of about 8%, compared with prior guidance of a 3% decline, plus or minus 3%.AMD also said that gross margin will be lower than expected. AMD shares are down almost 15% to $2.11. | |||||||
| The U.S. life insurance industry has “substantial long-term stability risks” according to the International Monetary Fund. The IMF says that prolonged low interest rates “pose a slow burning solvency risk” for life insurers. If rates stay low until 2018, 11 out of 18 life insurance companies would report negative shareholder equity. The industry also faces risk from a spike in interest rates. Rising rates could lead to an increase in policy surrenders as policyholders seek higher yields, leaving the sector vulnerable to liquidity drain. The IMF said it was “imperative” for Congress to set up an independent agency to oversee the industry, an idea opposed by insurance firms, who are now regulated at the state level. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/amd-warns-revenue-to-fall-short-on-weak-pc-demand-2015-07-06 | |||||||
| http://www.marketwatch.com/story/life-insurance-industry-a-risk-to-us-stability-imf-says-2015-07-07 | |||||||
| For today’s Market Update Report click to listen-> | |||||||