| The KUIK Morning Market Report for Tuesday, November 13: | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (4) | points | 12,811 | 6:56 AM | ||
| S&P500 | Down | -0.2% | percent | 1,377 | (2.63) | points | |
| Nasdaq Composite | Down | -0.5% | percent | 2,891 | (13.19) | points | |
| 30 Year Treasury | Down | (3) | Basis Points | 2.72 | Annual Yield | ||
| Bloomberg reports Google is being pressed by Federal Trade Commission Chairman Jonathan Leibowitz to resolve the agency’s antitrust probe in the next few days or face a lawsuit. For almost 20 months, the FTC has been probing whether Google is abusing its dominance of the Internet and is prepared to sue if the operator of the world’s largest search engine fails to make an acceptable proposal. | |||||||
| You may unlike Facebook on Wednesday when 800 million of the company’s shares held by insiders become eligible for sale after the post-initial public offering lockup. They will be available for sale in the open market and will potentially double the size of the company’s share float. Facebook shares currently trade at $19.91. | |||||||
| Glenn Hubbard, the dean of the Columbia Business School was a top economics aide to Republican presidential candidate Mitt Romney. He advocates higher taxes for the rich. In an op-ed in the Financial Times, Hubbard suggested raising average tax rates, though not marginal tax rates, as President Obama has advocated. He wrote: “There are ways to raise revenue without increasing marginal rates. Tax deductions should be scaled back, especially in the areas of mortgage interest, charitable giving and employer-provided health insurance.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-11-12/google-said-to-face-ultimatum-from-ftc-in-antitrust-talks.html | |||||||
| http://www.marketwatch.com/story/facebook-braces-for-biggest-lockup-wave-2012-11-13 | |||||||
| http://blogs.marketwatch.com/election/2012/11/13/romney-adviser-hubbard-says-to-increase-taxes-on-the-rich/ | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||