| The KUIK Market Update for Friday, December 13: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (3) | points | 15,736 | 8:07 AM | ||
| S&P500 | Down | -0.10% | percent | 1,774 | (1.69) | ||
| Nasdaq Composite | Down | -0.01% | percent | 3,998 | (0.52) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.88 | Annual Yield | ||
| The Department of Labor reports the producer-price index fell 0.1% in November, after a 0.2% drop in October and a 0.1% fall in September. Prices last fell for three months in a row at the end of 2012. The core producer-price index, which excludes food and energy, increased 0.1% and the report met expectations. | |||||||
| Qualcomm announced promoted Steve Mollenkopf to chief executive officer, replacing Paul Jacobs. Mollenkopf is currently the mobile-phone chip maker’s chief operating officer, and had reportedly been considered a candidate to replace departing Chief Executive Steve Ballmer at Microsoft. The promotion takes effect March 4 and Jacobs will then be executive chairman. | |||||||
| Bloomberg reports Google is considering making its own server processors, which could pose a threat to Intel. Google would use technology from ARM Holdings and that could encourage other Internet companies to build therir servers, according to Patrick Wang, analyst at Evercore Partners. The source said Google had made no decisions. Google, Intel, and ARM all declined to comment on the report. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-producer-prices-fall-again-in-november-2013-12-13-81034944 | |||||||
| http://www.marketwatch.com/story/qualcomm-promotes-steve-mollenkopf-to-ceo-2013-12-13 | |||||||
| http://www.marketwatch.com/story/google-could-make-own-chips-threatening-intel-2013-12-13 | |||||||
| For today’s Market Update Report click to listen-> | |||||||