Morning Market Report 12/9/2013

The KUIK Morning Market Report for Monday, December 9:
Markets are up.
Index Direction Change Units Last Time Change
Dow Up                     19 points           16,040 6:56 AM
S&P500 Up 0.26% percent             1,810             4.71
Nasdaq Composite Up 0.44% percent             4,080            17.76
30 Year Treasury Down                      (3) Basis Points               3.88 Annual Yield
The Washington Post reports a budget deal being finalized by House and Senate negotiators will partially repeal the sequester, and raise federal spending to about $1.015 trillion in fiscal 2014 and 2015. But the deal will do nothing to cut the U.S. national debt, which is now more than $17 trillion.
Eight Tech giants are asking for a ban on  online snooping.  The companies took out full-page ads today in newspapers such as The New York Times in which they demanded an end to online spying and asked the U.S. government to lead the efforts. the companies said spying revelations that spilled out last summer via leaks of NSA documents by Edward Snowden show “the balance in many countries has tipped too far in favor of the state and away from the rights of the individual.”  The companies or Google, Microsoft, Apple, Yahoo, Facebook, Twitter, AOL and Linked In.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://blogs.marketwatch.com/capitolreport/2013/12/09/emerging-budget-deal-wont-trim-u-s-debt-plus-more-monday-must-reads/
http://blogs.marketwatch.com/thetell/2013/12/09/google-microsoft-other-tech-giants-team-up-in-anti-snooping-ban/
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