| The KUIK Morning Market Report for Friday, December 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 137 | points | 15,956 | 6:59 AM | ||
| S&P500 | Up | 0.86% | percent | 1,800 | 15.27 | ||
| Nasdaq Composite | Up | 0.68% | percent | 4,061 | 27.59 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.90 | Annual Yield | ||
| The Labor Department reports that the U.S. generated 203,000 jobs in November and the unemployment rate fell to 7% from 7.3%, a sign the economy is strengthening as the year ends. Economists polled by MarketWatch had forecast a gain of only 180,000. Hiring in November was strong in most industries except the federal government. It cut employees again and has lost 92,000 jobs in the past year. | |||||||
| Consumer spending in the U.S. rose by 0.3% in October, according to the Commerce Department. Americans continued to spend at a modest rate despite the government shutdown. Personal income fell a seasonally adjusted 0.1%. The decline was the first since January and is due to a drop in earnings for farmers. | |||||||
| Politico reports House Budget Chairman Paul Ryan and Senate Budget Chairman Patty Murray are just a few billion dollars in budget savings away from a deal to set spending levels and reduce the sequester for the next two years. But hurdles remain and House Speaker John Boehner says he’ll send the chamber home after Dec. 13, with or without an agreement. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-203000-jobs-in-november-2013-12-06-81034916 | |||||||
| http://www.marketwatch.com/story/us-consumer-spending-rises-03-in-october-2013-12-06-8913014 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/12/06/paul-ryan-patty-murray-a-few-billion-dollars-apart-on-budget-deal-and-more-friday-must-reads/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||