| The KUIK Morning Market Report for Wednesday, October 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 158 | points | 16,948 | 7:05 AM | ||
| S&P500 | Up | 0.9% | percent | 1,997 | 17.18 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,783 | 34.63 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.92 | Annual Yield | ||
| Two members of Congress are calling for a probe of fantasy sports sites. Sen. Bob Menendez and Rep. Frank Pallone, Democrats from New Jersey, wrote to Federal Trade Commission Chairman Edith Ramirez asking whether the agency has authority under the law to regulate online fantasy sports gaming. They “believe that fantasy sports should be legal and subject to appropriate consumer and competitive protections.” The letter was prompted by reports employees of FanDuel and DraftKings have used nonpublic information to trade on each other’s sites. | |||||||
| China must take proactive steps to reduce corporate-sector debt, the International Monetary Fund said today. “Moving decisively will ultimately prove less costly than trying to grow out of the problem,” said Jose Vinals, the director of the IMF’s monetary and capital markets department, in a press release. Corporate and bank balance sheets in all emerging markets have up to $3 trillion in overborrowing, with China leading the way. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sen-menendez-rep-pallone-call-for-ftc-probe-into-fantasy-sports-sites-2015-10-06 | |||||||
| http://www.marketwatch.com/story/china-shouldnt-try-to-grow-its-way-out-of-credit-problem-imf-2015-10-07 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||