| The KUIK Market Update for Friday, December 27: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (17) | points | 16,463 | 8:02 AM | ||
| S&P500 | Down | -0.10% | percent | 1,840 | (1.83) | ||
| Nasdaq Composite | Down | -0.23% | percent | 4,158 | (9.65) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.92 | Annual Yield | ||
| China’s nominal gross domestic product could reach $13.5 trillion in 2017 and $20.8 trillion in 2022, excluding effects from the yuan’s appreciation, according to a report fom the Chinese National Institute of International Strategy. By 2022, China’s economy would account for 16.1% of all global output, just behind the U.S. share of 20.6%. However, China’s growth may drop to 6% from the current 7.5% over the next 10 years, mainly due to an ageing population. The report said that China’s working population will reach its peak in 2015 and then start to decline. | |||||||
| Textron agreed to pay $1.4 billion to acquire U.S. plane maker Beechcraft, in a deal that combines the maker of Cessna planes and Bell helicopters with the maker of Hawker business jets. The purchase of Beechcraft is expected to close during the first half of 2014. It comes after the company exited bankruptcy protection earlier this year. Beechcraft, filed for Chapter 11 in 2012 as a prolonged slump in aircraft sales hit one of the most famous names in corporate jets . | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-economy-to-slow-but-will-still-rival-us-2013-12-26 | |||||||
| http://www.marketwatch.com/story/textron-agrees-14-billion-deal-for-beechcraft-2013-12-27?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||