| The KUIK Morning Market Report for Monday, March 31: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 145 | points | 16,469 | 7:14 AM | ||
| S&P500 | Up | 0.84% | percent | 1,873 | 15.53 | ||
| Nasdaq Composite | Up | 1.16% | percent | 4,204 | 48.00 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.58 | Annual Yield | ||
| Federal Reserve Chairwoman Janet Yellen said Monday that the recovery still feels like a recession to many Americans, which is why the central bank will keep its “extraordinary” support for the economy for “some time to come.” In a speech in a Chicago investment conference, Yellen also discussed slack in the jobs market, and weighed in on why the labor force participation rate is so low. | |||||||
| The Chicago purchasing-managers index fell to 55.9 in March, down 3.9 points from February. That was the lowest level since August. Economists had expected 60. Results over 50 indicate expansion. The drop was due to lower levels of new orders and employment | |||||||
| The too-big-to-fail implicit subsidy that large banks receive from governments was worth up to $70 billion in the U.S. and $300 billion in Eruope in 2012, according to the International Monetary Fund. The estimate comes from the IMF’s global financial stability report. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/yellen-feds-extraordinary-aid-to-last-for-some-time-2014-03-31 | |||||||
| http://www.marketwatch.com/story/chicago-business-gauge-falls-to-559-in-march-2014-03-31 | |||||||
| http://www.marketwatch.com/story/us-too-big-to-fail-subsidy-as-high-as-70-billion-imf-says-2014-03-31 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||