Morning Market Report 10/25/2012

October 25, 2012
The KUIK Morning Market Report for Thursday, October 25:
Markets opened up this morning.
Index Direction Change Units Last Time
Dow Up                       29 points             13,106 1:04 PM
S&P500 Up 0.2% percent               1,412
Nasdaq Composite Up 0.2% percent               2,986
30 Year Treasury Up                      4.0 basis points               2.98
Orders for durable goods increased 9.9% in September, mainly because of a rebound in aircraft orders, according to the Commerce Department. Economists polled by MarketWatch expected an 8.3% increase. Excluding transportation, new orders rose 2.0%.
The Labor Department reported applications for U.S. unemployment benefits fell by 23,000 to a seasonally adjusted 369,000 in the week ended   October 20, in line with expectations. Initial claims from two weeks ago were  wevised up to 392,000 from 388,000,
Chief executives of more than 80 top US corporations are calling   on Congress to use a mix of spending cuts and tax revenue increases to curb   the nation’s deficit.
Microsoft’s Surface RT has surfaced.  Microsoft’s entry in the tablet wars is based on Windows and goes on sale tomorrow.  Missing are the killer apps to compete with Apple’s Ipad including   Facebook.  So maybe Surface users will be able to get some real work done.
Serving the West   Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-durable-goods-orders-jump-99-in-september-2012-10-25-8913027?link=MW_Nav_EP
http://www.marketwatch.com/story/us-jobless-claims-fall-23000-to-369000-2012-10-25-8913020?link=MW_Nav_EP
http://www.marketwatch.com/story/top-us-ceos-urge-increase-in-tax-revenue-wsj-2012-10-25?dist=beforebell
http://www.bloomberg.com/news/2012-10-25/microsoft-s-surface-tablet-lacks-apps-to-compete-with-apple-ipad.html
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3
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