| The KUIK Market Update for Wednesday, August 19: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (173) | points | 17,338 | 8:04 AM | ||
| S&P500 | Down | -0.9% | percent | 2,078 | (19.18) | ||
| Nasdaq Composite | Down | -0.9% | percent | 5,015 | (44.16) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.85 | Annual Yield | ||
| Intel is going Hollywood. Yesterday at the Intel Developer Forum it announced America’s Greatest Makers is coming to television in 2016. Intel, United Arists and Turner Broadcasting are creating a reality television program in hopes of developing the must-have wearable or connected-home product for the Internet of Things. Since CEO Brian Krzanich took over in 2013, he’s focused on hobbyists known as makers who build things themselves, as a way of getting development help for the next big thing. Intel is developing a tiny, button-size hardware module called Curie — named for physicist Marie Curie — to power wearable devices from smartwatches to rings. Intel will offer a $1 million prize for best product. | |||||||
| The Bureau of Labor Statistics reports the consumer-price index rose a seasonally adjusted 0.1% in July, economists expected a 0.2% gain, but it was the sixth straight month of increases. Markets don’t like it because it suggests inflation might be rising fast enough for the Federal Reserve to raise interest ratesat its next meeting in September. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/not-your-fathers-intel-chipmaker-goes-hollywood-2015-08-18 | |||||||
| http://www.marketwatch.com/story/us-stocks-futures-slip-with-fed-release-on-the-horizon-2015-08-19?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||