| The KUIK Morning Market Report for Monday, February 2: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (17) | points | 17,148 | 7:08 AM | ||
| S&P500 | Down | -0.1% | percent | 1,993 | (1.61) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,613 | (21.97) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.27 | Annual Yield | ||
| The Commerce Department reported consumer spending fell a seasonally adjusted 0.3% in December. That was the biggest drop since September of 2009. But it was offset by a gain in personal incomes, which were up by 0.3% which matched expectations. When adjusted for falling inflation real personal consumption expenditure spending was down only 0.1%. | |||||||
| A California legislator has introduced a bill to require all of that state’s professional sports teams to treat cheerleaders as employees, with full workplace protections and benefits. The legislation by Assemblywoman Lorena Gonzalez, a San Diego Democrat, arises from lawsuit between the Oakland Raiders and their cheerleaders. Gonzalez, was a cheerleader at Stanford and was a labor organizer before she was elected to the Assembly in 2013. Her cheerleader bill may get a hearing in March. In their suit Oakland’s cheerleaders claimed they were paid a flat fee of $125 a game, were required to attend 10 “charity appearances” without pay and could face being “benched” from games without pay if they appeared “too soft.” The Raiders settled the suit for $1.25 million and agreed to raise cheerleader pay to all of $9 an hour, California’s minimum wage. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-falls-by-most-in-5-years-2015-02-02 | |||||||
| http://www.marketwatch.com/story/california-legislator-wants-more-pay-for-nfl-cheerleaders-2015-01-31 | |||||||
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