| The KUIK Market Update for Monday, May 19: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (1) | points | 16,491 | 8:05 AM | ||
| S&P500 | Up | 0.2% | percent | 1,881 | 3.20 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,118 | 27.39 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.34 | Annual Yield | ||
| AT&T announced plans yesterday to buy DirecTV for $48.5 billion, gaining more than 38 million video subscribers in both the US and in Latin America . AT&T will pay $95 for each share of DirecTV, $28.50 in cash and $66.50 in stock. That’s 10 percent more than DirecTV’s closing price on May 16. The deal values the largest U.S. satellite-TV company at $67.1 billion. | |||||||
| Treasury prices are up, sending yields lower . Last week, the 10-year Treasury note fell to its lowest closing yield since last October. Dallas Fed President Richard Fisher and San Francisco Fed President John Williams are scheduled to speak on a panel today just after 9am Pacific time and on Wednesday, the Federal Reserve will release the minutes from its last policy meeting. | |||||||
| Oil futures extend their gains from last week as violence in Ukraine and turmoil in Libya fuel worries about potential disruptions to global crude supplies. June crude oil is up or 0.9%, to $102.93 a barrel on the New York Merc. Oil rose 2% last week, finding support Friday on stronger U.S. economic data and the start of summer driving season. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2014-05-18/at-t-agrees-to-buy-directv-for-48-5-billion-to-add-video-users.html | |||||||
| http://www.marketwatch.com/story/treasurys-rise-ahead-of-fed-speeches-minutes-2014-05-19?dist=markets | |||||||
| http://www.marketwatch.com/story/oil-continues-rise-on-violence-in-ukraine-libya-2014-05-19?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||