Market Update Report 10/16/2015

October 16, 2015
The KUIK Market Update for Friday, October 16:
Markets are up.
Index Direction Change Units Time Change
Dow Up                     12  points           17,194 8:00 AM
S&P500 Up 0.1% percent             2,027       2.73
Nasdaq Composite Up 0.2% percent             4,877       7.11
30 Year Treasury Down                      (1) Basis Points               2.86 Annual Yield
Nevada has temporarily banned fantasy sports sites including FanDuel and DraftKings, making it the first state to limit their activities since insider betting was discovered. Federal and state investigaters are examining the sites, that accept bets on the results of sports games. Some employees at the sites are accusd of insider trading, playing and winning hundreds of thousands of dollars at rival sites. Nevada joins Arizona, Iowa, Louisiana, Montana and Washington–states that do not permit fantasy sports sites.
The University of Michigan Consumer sentiment index rose in October after three straight monthly drops, rising to a preliminary October reading of 92.1 from September’s final of 87.2.  Economists expected only 88.5. Economists follow readings on confidence to look for clues about future consumer spending,
In a Bloomberg interview, Trump said that Fed Chairman Janet Yellen, a Democrat, is keeping rates low to satisfy President Obama and help Hillary Clinton get elected president.  Trump said he’s benefited as a businessman from ultra-low rates, but they already should have been raised in line with an improved economy.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/nevada-bans-fantasy-sports-sites-including-fanduel-draftkings-2015-10-16
http://www.marketwatch.com/story/umich-sentiment-rises-to-921-in-october-first-increase-in-four-months-2015-10-16
http://www.marketwatch.com/story/donald-trump-says-janet-yellen-keeping-rates-low-to-help-hillary-clinton-2015-10-16
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