| The KUIK Morning Market Report for Tuesday, September 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 53 | points | 15,548 | 6:54 AM | ||
| S&P500 | Up | 0.30% | percent | 1,703 | 5.07 | ||
| Nasdaq Composite | Up | 0.30% | percent | 3,729 | 11.33 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.85 | Annual Yield | ||
| Microsoft announced it is increasing its quarterly dividend by 5 cents to 28 cents per share, a 22% increase. The company also announced a new stock buyback program of up to $40 billion, saying it replaces a prior $40 billion repurchase plan that was set to expire Sept. 30. The dividend is payable Dec. 12 to shareholders of record on Nov. 21, and the ex-dividend date will be Nov. 19, | |||||||
| The Labor Department reported the consumer price index rose by a seasonally adjusted 0.1% in August which matched expectations. Higher costs for housing and medical care pushed up consumer prices, but gasoline costs fell for the first time since late spring and inflationary pressure was absent. | |||||||
| Treasury Secretary Jacob Lew urged Congress to quickly increase the federal debt limit. In a breakfast speech to the Economic Club of Washington, Lew said that even “an extended debate” on the merits of raising the debt limit” would damage the economy. Lew estimates that the government will hit the debt limit in mid-October. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/microsoft-hikes-dividend-unveils-new-buyback-plan-2013-09-17 | |||||||
| http://www.marketwatch.com/story/consumer-prices-rise-slightly-in-august-2013-09-17 | |||||||
| http://www.marketwatch.com/story/lew-urges-quick-debt-limit-passage-2013-09-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||