| The KUIK Morning Market Report for Monday, October 21: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 0 | points | 15,400 | 7:15 AM | ||
| S&P500 | Up | 0.07% | percent | 1,746 | 1.19 | ||
| Nasdaq Composite | Up | 0.27% | percent | 3,925 | 10.75 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.67 | Annual Yield | ||
| Japan posted a record 15th straight monthly trade deficit in September, as growth in exports slowed. The Finance Ministry reported exports last month rose 11.5% from 2012, falling from a 14.7% gain in August and missing an economists forecast of 16.1%. | |||||||
| The Wall Street Journal reports J.P. Morgan Chase has reached a tentative deal with the Justice Department to pay a record $13 billion fine to settle some outstanding probes of its residential mortgage-backed securities operations. The deal does not resolve a continuing criminal probe however, which could result in charges against individuals or the bank and increase the penalties. The two sides disagree over admissions of wrongdoing that would end the criminal probe. The deal includes $4 billion to settle claims by the Federal Housing Finance Agency that J.P. Morgan misled Fannie Mae and Freddie Mac about the quality of loans it sold them ibefore the 2008 financial crisis, $4 billion in consumer relief, and $5 billion in penalties. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/japan-hits-record-15th-trade-deficit-in-september-2013-10-20 | |||||||
| http://online.wsj.com/news/articles/SB10001424052702304864504579145723830525920?mod=WSJ_hps_LEFTTopStories | |||||||
| For today’s Morning Market Report click to listen-> | |||||||