Morning Market Report 10/5/2015

October 5, 2015
The KUIK Morning Market Report for Monday, October 5:
Markets are up.
Index Direction Change Units Time Change
Dow Up                     185  points           16,654 6:58 AM
S&P500 Up 1.2% percent            1,975            23.30
Nasdaq Composite Up 0.9% percent            4,749            41.11
30 Year Treasury Up                         4 Basis Points              2.87 Annual Yield
In an interview with USA Today that was published yesterday, Former Federal Reserve Chairman Ben Bernanke said more executives responsible for the financial crisis should have gone to jail, but that the efforts by the Justice Department and others more were centered on indicting or threatening to indict financial institutions. He said “There should have been more accountability at the individual level.”
The World Bank expects China’s economy to grow 7.0% this year and gradually slow over the next two years, according to a report released today. Sustained reforms in China will support a rebalancing of local demand from investment to consumption, it said. it expects China to grow 6.7% in 2016.
The outlook for the U.S. apparel and footwear industry has deteriorated thanks to the strong dollar, which is denting earnings and sales, Moody’s Investors Service said Monday. “The strong dollar has discouraged spending by tourists to the United States, impacting sales at brands such as Ralph Lauren and Calvin Klein, dragging on apparel sales.” The outlook for the overall sector has been revised down to stable from positive.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/bernanke-more-execs-should-have-gone-to-jail-after-financial-crisis-2015-10-05
http://www.marketwatch.com/story/world-bank-sees-china-slowing-over-next-2-years-2015-10-05
http://www.marketwatch.com/story/outlook-for-us-apparel-and-footwear-industry-is-weaker-as-dollar-strength-dents-earnings-moodys-2015-10-05
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