| The KUIK Morning Market Report for Friday, August 29: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (18) | points | 17,061 | 6:52 AM | ||
| S&P500 | Unchanged | 0.0% | percent | 1,997 | 0.03 | ||
| Nasdaq Composite | Up | 0.0% | percent | 4,560 | 1.93 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.08 | Annual Yield | ||
| Consumer spending dropped a seasonally adjusted 0.1% last in July, according to the Commerce Department. Economists expected seasonally adjusted 0.1% increase. That is the first drop in six months, that surprise could lead to slower third-quarter growth unless outlays rebound quickly. Income growth slowed to a 0.2% gain down from 0.5% in May and June. That was the smallest increase since December. | |||||||
| The number of McDonald’s restaurants that are either being shut down or inspected by the Russian consumer regulator has grown steadily over the past several days as tensions between Moscow and the West intensified after Kiev accused Russia of invading Ukraine. By Friday a total of 12 McDonald’s had been shut down, over alleged sanitary violations–up from eight on Thursday–and an unprecedented 100 outlets were being inspected, up from several last week, the company said in a statement. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/americans-cut-spending-in-july-save-more-2014-08-29 | |||||||
| http://www.marketwatch.com/story/russia-shuts-12-mcdonalds-restaurants-as-tensions-rise-2014-08-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||