| The KUIK Morning Market Report for Friday, April 10: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 20 | points | 17,979 | 7:04 AM | ||
| S&P500 | Up | 0.2% | percent | 2,096 | 4.50 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,983 | 8.91 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.56 | Annual Yield | ||
| General Electric is getting out of the banking business as Chief Executive Officer Jeffrey Immelt refocuses the company on its industrial roots.. GE announced today that it will sell most of the assets of GE Capital Real Estate for $26.5 billion to investment funds managed by Blackstone Group with some of the loans going to Wells Fargo. This move follows the initial public offering of Synchrony Financial GE Capital’s consumer finance unit, in August. GE holds 85% of Synchrony’s stock, but plans to complete its full exit from the business through a tax-free spinoff by the end of 2015. | |||||||
| The Investment Advisory Committee advising the Securities and Exchange Commission is pushing for a single database to conduct background checks on financial professionals as a way to cut down on fraud targeting the elderly. Currently, there are two databases, one for investment advisers, maintained by the SEC, and another for brokers, maintained by the Financial Industry Regulatory Authority. Other financial professionals such as commodities brokers, insurance agents and mortgage brokers aren’t listed. The panel called on the SEC to develop a single disciplinary database where investors could easily conduct searches. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gartner-expects-global-it-spending-to-shrink-13-in-2015-2015-04-09 | |||||||
| http://www.marketwatch.com/story/sec-urged-to-create-single-site-for-broker-adviser-background-checks-2015-04-09 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||