| The KUIK Morning Market Report for Friday, January 24: | |||||||
| It’s another down day in the market. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (86) | points | 16,113 | 7:13 AM | ||
| S&P500 | Down | -0.69% | percent | 1,816 | (12.60) | ||
| Nasdaq Composite | Down | -0.78% | percent | 4,186 | (32.93) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.66 | Annual Yield | ||
| Emerging-market currencies such as the Turkish lira and South African rand fell against the dollar today, as worries about a Chinese slowdown and prospects of rising U.S. rates triggered a broad flight out of emerging-markets assets. | |||||||
| Starbucks’s announced fiscal first-quarter results. Sales were $4.2 billion, and they missed analysts’ $4.3 billion target. Same-store sales growth was up 5%, below the 6% consensus view on Wall Street. And the company admitted its margins suffered in the second half of December, as many customer simply vanished from the company’s stores. Starbucks CEO Howard Schultz is turning to the internet to boost sales. During the quarter Starbucks saw 40 million gift card activations. A record $1.4 billion was loaded onto its gift cards — revenue that will be returning over the rest of the year. The company also said it has 7 million active users of its “My Starbucks” rewards program | |||||||
| The Federal Bureau of Investigation has warned U.S. retailers to brace for more hacking attacks via a confidential three-page report, according to Reuters . Distributed to retailers last week, the report describes risks of “memory parsing” malware that infects point-of-salesystems, such as cash registers and card-swiping machines used by retailers. Check your statetments. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/dollar-edges-up-after-rout-vs-euro-yen-2014-01-24?dist=markets | |||||||
| http://blogs.marketwatch.com/thetell/2014/01/24/starbucks-ceo-howard-schultz-sets-his-sights-on-vanishing-shoppers/ | |||||||
| http://www.marketwatch.com/story/fbi-warns-retailers-of-more-cyber-attacks-report-2014-01-24?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||