| The KUIK Morning Market Report for Wednesday, November 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 108 | points | 15,726 | 6:57 AM | ||
| S&P500 | Up | 0.58% | percent | 1,773 | 10.20 | ||
| Nasdaq Composite | Up | 0.38% | percent | 3,955 | 14.89 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.77 | Annual Yield | ||
| Planned layoffs climbed to 45,730 in October, up 13.5% from September but down 4.2% fromSeptember of 2012, according to outplacement firm Challenger, Gray & Christmas. The pharmaceutical industry saw the heaviest job cutting in October, with 10,585 job cuts announced, due to planned cuts at Merck. Second was the financial sector, which announced 8,717 job cuts during the month, the second-highest since February and due mostly to mortgage department layoffs. Bank of America announced 4,200 cuts. | |||||||
| High end electric car maker Tesla Motors reported yesterdday after the close. It had a third-quarter loss of 32 cents a share. Adjusted to exclude one-time items, the company earned 12 cents a share and revenue of $602.6 million. Tesla said it delivered 5,000 Model S’s for the quarter, matching its expectations, but analysts projected Tesla would deliver 5,850 units. Tesla shares are off $18.23to $158.51 per share. | |||||||
| Europe continued expanding for a fourth month in October, with both the composite and the services purchasing managers’ indexes climbing more than initially reported, according to Markit. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/planned-layoffs-up-135-in-october-challenger-2013-11-06 | |||||||
| http://www.marketwatch.com/story/teslas-set-for-action-in-the-after-hours-session-2013-11-05 | |||||||
| http://www.marketwatch.com/story/pmi-signals-euro-zone-expansion-for-fourth-month-2013-11-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||