| The KUIK Morning Market Report for Wednesday, April 10: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 60 | points | 14,673 | 6:57 AM | ||
| S&P500 | Up | 0.48% | percent | 1,576 | 7.55 | points | |
| Nasdaq Composite | Up | 0.69% | percent | 3,260 | 22.31 | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 2.98 | Annual Yield | ||
| Federal Reserve officials are divided over how long they should keep buying bonds, according to the minutes of the March 19-20 meeting. The Fed said one member wanted to slow the bond purchases immediately. Others favored slowing the purchases at midyear, with the program ending later in 2013. | |||||||
| President Barack Obama sends a $3.77 trillion 2014 budget to Congress today that calls for reductions in Social Security and Medicare in a gamble to revive deficit-reduction talks. It includes $50 billion for roads and bridges, $1 billion to spur manufacturing innovation, and a $1 billion initiative to revamp higher education. The administration projects the deficit for fiscal 2014 would be $744 billion, or 4.4 percent of the economy. That would be the first budget shortfall of less than $1 trillion since Obama took office. | |||||||
| Billionaire investor George Soros traveled to Frankfurt yesterday and delivered some blunt advice to a German audience: Drop opposition to eurobonds which are bonds issued jointly by all 17 euro-zone countries or leave the euro. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-minutes-show-clear-divisions-over-qe-duration-2013-04-10 | |||||||
| http://www.bloomberg.com/news/2013-04-10/obama-proposes-3-77-trillion-budget-to-revive-debt-talks.html | |||||||
| http://blogs.marketwatch.com/thetell/2013/04/10/soros-to-germany-back-eurobonds-or-get-out-of-the-euro/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||