| The KUIK Morning Market Report for Monday, November 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 76 | points | 17,739 | 7:03 AM | ||
| S&P500 | Up | 0.5% | percent | 2,090 | 10.78 | ||
| Nasdaq Composite | Up | 0.6% | percent | 5,083 | 28.94 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.96 | Annual Yield | ||
| China’s official manufacturing purchasing managers index remained unchanged at 49.8 for October according to the China Federation of Logistics and Purchasing. Economists expected 50, and readings above 50 indicate expansion. China saw economic growth slow to 6.9% in the third quarter down from 7% in the first half despite loose fiscal and monetary policy as Beijing tries to reach its target of about 7% growth for the year, which would be its slowest pace in a quarter century. | |||||||
| Health officials expect the number of people sickened by an E. coli outbreak linked to Chipotle restaurants in Washington state and Oregon to grow while they investigate the cause of the infection. As of Friday, three people in the Portland area and 19 people in western Washington had become sick from E. coli. Seventeen of them had eaten at a Chipotle restaurant during the past few weeks. Chipotle has cooperated and voluntarily shut down all its restaurants in the two states while authorities investigate the source of the infection. Chipolote shares are off 3.1%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinas-official-factory-pmi-misses-forecasts-2015-11-02 | |||||||
| http://www.nbcnews.com/health/health-news/chipotle-linked-e-coli-outbreak-jump-cases-expected-n455556 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||