| The KUIK Morning Market Report for Monday, February 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (62) | points | 18,078 | 7:03 AM | ||
| S&P500 | Down | -0.3% | percent | 2,104 | (5.85) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,947 | (9.03) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.69 | Annual Yield | ||
| The U.S. economy returned to above-trend growth in January, according to the Chicago Fed’s national activity index. The indicator is a weighted index of 85 different economic reports. It rose to a positive 0.13 in January up from December’s negative 0.07. | |||||||
| Funding for the Department of Homeland Security runs out Friday, and the agency’s leader is warning states that a possible shutdown would harm the country’s ability to counter the extremist appeal of the group ISIS within the U.S. Homeland Security Secretary Jeh Johnson says if Congress doesn’t agree to a new budget by the end of Friday, inaction by lawmakers would lead to staff furloughs that could harm the U.S. response to terrorist threats and warnings like the one late Saturday that named Minnesota’s Mall of America. Johnson estimates up to 30,000 DHS workers would need to be furloughed according to the Associated Press. The Republican House has already passed a bill funding everything in Homeland Security except Amnesty for illegal aliens. Senate Democrats have prevented action on the bill. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-edged-back-into-above-trend-growth-in-january-national-activity-index-shows-2015-02-23 | |||||||
| http://www.marketwatch.com/story/obama-to-call-for-tighter-rules-on-retirement-account-brokers-2015-02-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||