| The KUIK Morning Market Report for Monday, October 12: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 16 | points | 17,100 | 6:51 AM | ||
| S&P500 | Down | 0.0% | percent | 2,014 | (0.57) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,835 | 4.74 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.92 | Annual Yield | ||
| Marketwatch reports a joint analysis by RealtyTrac, and multicultural marketing company Ethnic Technologies, found that 46% of Mandarin Chinese-speaking buyers who purchased U.S. homes in the 17 months ending in May 2015 paid all cash, more than triple the number paying all cash in 2005. Overall, Mandarin speakers are the second largest non-English speaking cash-paying group, totaling nearly 18% of all cash deals, second behind those buyers speaking Spanish at 43%. | |||||||
| Princeton University economics professor Angus Deaton was awarded the 2015 Nobel Prize in Economic Sciences “for his analysis of consumption, poverty, and welfare,” the Royal Swedish Academy of Sciences announced today. Deaton was born in 1945 in Edinburgh, earned his Ph.D from the University of Cambridge in 1974. He has been a professor of economics and international affairs at Princeton since 1983. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinese-all-cash-buyers-of-us-homes-have-tripled-since-2005-2015-10-09 | |||||||
| http://www.marketwatch.com/story/princeton-professor-angus-deaton-wins-nobel-prize-in-economics-2015-10-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||