| The KUIK Market Update for Tuesday, May 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 27 | points | 16,723 | 7:27 AM | ||
| S&P500 | Up | 0.2% | percent | 1,900 | 3.49 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,147 | 2.94 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.45 | Annual Yield | ||
| The Commerce Department reports sales at retailers rose just 0.1% in April. Economists polled by MarketWatch expected a seasonally adjusted 0.4% increase. Consumer spending is the chief source of U.S. economic activity and retail sales account for about one-third of the purchases. However sales in March were revised up to 1.5% from 1.1%, for the biggest gain in four years. February sales were also slightly higher than originally reported. | |||||||
| The Commerce Department also reported that business inventories rose 0.4% in March. Economists expected at 0.5% rise. Business sales rose 1.0%. The inventory-to-sales ratio held steady at 1.30 in March from February. | |||||||
| IHS did a product teardown of Google Glass, saying the digital headset’s hardware and manufacturing expenses total about $152.47–a small slice of the product’s $1,500 price tag. Still, IHS notes that these teardown estimates can be misleading, since the majority of the costs associated with many electronic devices–particularly Glass–can come from nonmaterial expenses, such as engineering costs, software development and tooling costs. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sales-at-us-retailers-barely-rise-in-april-2014-05-13 | |||||||
| http://www.marketwatch.com/story/us-march-business-inventories-up-04-2014-05-13-1091716?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/google-glass-materials-cost-just-152-ihs-says-2014-05-13?link=MW_latest_news | |||||||
| For today’s Market Update Report click to listen-> | |||||||