Morning Market Report 3/25/2015 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, March 25:

Markets are down.

Index	Direction	Change	Units		Time	Change
Dow	Down	(40)	points	17,971	7:14 AM
S&P500	Down	0.0%	percent	2,091		(0.35)
Nasdaq Composite	Down	-0.4%	percent	4,973		(21.73)
30 Year Treasury	Unchanged	–	Basis Points	2.47	Annual Yield

The Commerce Department reports that orders for durable goods such as cars, appliances and computers fell 1.4% in February for the third decline in four months. If transportation orders are taken out, orders for durable goods have been down for five months. Orders minus transportation fell 0.4% in February. January’s orders was lowered to 2% from a previously reported 2.8% increase.

Kraft Foods and Heinz are merging with the help of Warren Buffett. Kraft shareholders will end up with a 49% stake in the combined company and a special cash dividend of $16.50 per share. That dividend of around $10 billion is being funded by an equity contribution from Warren Buffett’s Berkshire Hathaway and 3G. Kraft shares are up 32% to $81.10.

Charles Evans, president of the Chicago Federal Reserve, warned today that global uncertainty is the biggest risk to the U.S economy, advocating interest rates stay low until 2016. Speaking to press after a speech in London, Evans said the U.S. economy is the strongest it’s been since the financial crisis began, but stressed that the low levels of inflation and global uncertainty are key concerns.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/businesses-cutting-investment-as-durable-goods-orders-slide-2015-03-25
http://www.marketwatch.com/story/buy-signal-buffett-says-heinzkraft-is-his-kind-of-transaction-2015-03-25
http://www.marketwatch.com/story/feds-evans-sees-global-uncertainty-as-biggest-risk-to-us-economy-2015-03-25?dist=markets


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