Morning Market Report 4/23/2012

This is Bill Roller of BR Capital with the KUIK Morning Market Report for Monday, April, 23
Markets are having a big downer this morning.
Index Direction Change Units Last 8:02 AM
Dow Down              (137) points            13,073
S&P500 Down -1.17% percent              1,362
Nasdaq Composite Down -1.49% percent              2,956
30 Year Treasury Down               (6.6) basis points              3.06
Rent control in NY is here to stay, with implications across the   US.  The U.S. Supreme Court rejected a   challenge to New York City’s decades-old rent-stabilization system, leaving   intact rules capping prices on almost a million units in one of the country’s   most expensive cities. The justices today turned away an appeal by James and   Jeanne Harmon, who said the city was violating their constitutional rights by   limiting rents on three one-bedroom apartments in their Upper West Side   brownstone. The units rent for about $1,000 a month, less than half the price   of three similar, unregulated units in the building.
Always serving the   West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2012-04-22/new-york-landlord-moves-to-upend-rent-control-at-court.html
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3