| The KUIK Morning Market Report for Monday, November 24: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 17 | points | 17,827 | 6:50 AM | ||
| S&P500 | Up | 0.2% | percent | 2,068 | 4.08 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,733 | 20.02 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.04 | Annual Yield | ||
| Markit reports that its U.S. business outlook survey showed only 31.2% of executives saw growing activity for the next 12 months in October. That’s down from 51.4% when they were surveyed in June, for the lowest reading since the survey started in 2009. A global survey conducted by Markit saw 28% expecting higher activity, down from 39% in June, to mark a five-year low. Optimism in the eurozone was the weakest since June 2013, and Russian confidence fell to a survey low. In the U.S., both hiring and investment intentions hit new lows. | |||||||
| Secretary of Defense Chuck Hagel is stepping down. The White House said that President Obama will make a “personnel announcement” at 8 a.m. Pacific time. Hagel is the only Republican on Obama’s security team, which has struggled in recent weeks responding to ISIS and the Ebola crisis. The New York Times said Obama made the decision to ask for Hagel’s resignation last Friday, as the president believes the challenges posed by Islamic State needs a different skill set. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-global-business-confidence-slumps-2014-11-23 | |||||||
| http://www.marketwatch.com/story/chuck-hagel-stepping-down-as-defense-secretary-2014-11-24 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||