| The KUIK Morning Market Report for Tuesday, June 3: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (33) | points | 16,711 | 6:57 AM | ||
| S&P500 | Down | -0.1% | percent | 1,922 | (2.60) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,233 | (4.34) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.40 | Annual Yield | ||
| The Seattle City Council unanimously approved the highest minimum wage among major U.S. cities yesterday, mandating a $15-an-hour base wage more than double the federal level. Seattle Mayor Ed Murray said he will sign the bill into law today. The measure divides city employers into four groups and gives them between 2017 and 2021 to meet the $15. The proposal would phase in the wages over three to seven years, based on the size of the employer and the benefits offered. Federal and state wage rules typically apply the same minimum to all businesses. | |||||||
| Inflation in Europe fell to 0.5% in May down from 0.7% in April, missing the 0.6% forecast. It puts more pressure on the European Central Bank to ease interest rates at its meeting Thursday. The preliminary data for May from Eurostat, showed the low inflation was due to the energy and industrial-goods sectors, where prices were flat compared with a year ago. Food, alcohol and tobacco prices rose less in May than in April. Eurostat also released unemployment data for April. Unemployment fell to 11.7% down from 11.8% in March. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/seattle-minimum-wage-jumping-to-15-an-hour-2014-06-03 | |||||||
| http://www.marketwatch.com/story/euro-zone-inflation-unexpectedly-slips-to-05-in-may-2014-06-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||