| The KUIK Morning Market Report for Thursday, June 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 143 | points | 15,054 | 6:57 AM | ||
| S&P500 | Up | 0.86% | percent | 1,617 | |||
| Nasdaq Composite | Up | 0.79% | percent | 3,403 | |||
| 30 Year Treasury | Down | (5) | Basis Points | 3.53 | Annual Yield | ||
| The Department of Labor reported the number of people who applied for initial state unemployment insurance benefits fell 9,000 to 346,000 in the week that ended June 22. Economists expected a seasonally adjusted 345,000 down from an original estimate of 354,000. | |||||||
| Consumer spending in the U.S. rose 0.3% in May and personal incomes rose even faster, according to the Commerce Department. The increase in spending last month reverses a 0.3% decline in April, which had been the biggest drop in four years. Personal incomes rose 0.5% | |||||||
| The Senate Finance Committee’s top Democrat and top Republican will write to their 98 colleagues today and ask them which tax breaks should be retained as part of an overhaul of the tax code. The idea for the Finance Committee is to consider revisions to the tax code by first eliminating all tax breaks and ask lawmakers to justify restoring them. Breaks on the table include the mortgage interest deduction and charitable contributions. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/initial-jobless-claims-fall-9000-to-346000-2013-06-27 | |||||||
| http://www.marketwatch.com/story/consumer-spending-climbs-03-in-may-2013-06-27 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/06/27/senators-to-be-asked-to-defend-tax-breaks/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||