| The KUIK Morning Market Report for Friday, November 14: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (10) | points | 17,643 | 6:52 AM | ||
| S&P500 | Down | 0.0% | percent | 2,039 | (0.74) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,670 | (9.68) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.08 | Annual Yield | ||
| The Commerce Department reports that retail sales rose a seasonally adjusted 0.3% last month. Economists expected a 0.2% increase. If you leave out gasoline, sales were up an even stronger 0.5%. Most retailers sold more, led by online sellers, sporting-goods stores, pharmacies, and clothing outlets. Consumers also spent more at bars and restaurants. Sales fell 1.5% at gasoline stations, reflecting falling global oil prices. | |||||||
| That drop in oil also cut the costs of imported goods according to the Labor Department. They fell 1.3% in October. Economists expected a 1.4% drop. Excluding fuel, import prices dipped 0.2% last month. The price of U.S.-made goods exported to other nations fell by 1%. | |||||||
| Comedy for sale. Onion Inc., which publishes the satirical new website the Onion and entertainment site A.V. Club, has hired an adviser to explore a possible sale, according to Bloomberg. The company is based in Chicago and is owned by fund manager David Schafer, who bought it in 2003 and serves as its chairman. Investment bank GCA Savvian is the adviser. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-retail-sales-snap-back-in-october-2014-11-14 | |||||||
| http://www.marketwatch.com/story/us-import-prices-drop-in-october-2014-11-14 | |||||||
| http://www.marketwatch.com/story/satirical-publisher-the-onion-reportedly-for-sale-2014-11-14 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||