Market Update Report 6/3/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Tuesday, June 3:
Markets are down.
Index	Direction	Change	Units	Time	Change
Dow	Down	(39)	points	16,705	8:09 AM
S&P500	Down	-0.2%	percent	1,921	(3.76)
Nasdaq Composite	Down	-0.2%	percent	4,228	(8.89)
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. 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.
Orders for goods produced in U.S. factories rose 0.7% in April, according to the Commerce Department. Economists expected only 0.6%.
A recent study conducted by researchers at the University of Illinois found that, for Atlantic Coast hurricanes in the U.S., storms with feminine names lead to more deaths than those with masculine names. The best explanation, according to the Economist, is that people do not take hurricanes with women’s names as seriously as storms with men’s names. The researchers tested this theory. They picked five male and five female names from the list to be used for this year’s hurricanes and asked 350 people to predict a fictional storm’s strength based just on the names. They predicted “male” hurricanes would do more damage than “female” storms.
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/us-factory-orders-climb-07-in-april-2014-06-03?dist=lcountdown
http://blogs.marketwatch.com/themargin/2014/06/03/hurricanes-with-feminine-names-cause-more-damage-than-storms-with-masculine-names-study/?mod=MW_Nav_NV
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