Morning Market Report 11/3/2015

The KUIK Morning Market Report for Tuesday, November 3:
Markets are mixed.
Index Direction Change Units Time Change
Dow Up                         1  points           17,830 6:56 AM
S&P500 Down -0.2% percent            2,099            (5.11)
Nasdaq Composite Down -0.3% percent            5,112           (14.96)
30 Year Treasury Up                         1 Basis Points              2.97 Annual Yield
Portland Representative Earl Blumenauer has proposed raising federal gasoline and diesel taxes 15 cents over three years. The f is now 18.4 cents a gallon. Blumenauer wants his amendment attached to the six-year highway bill the House is considering this week. Highway funding is scheduled to run out on Nov. 20. The Blumenauer amendment is one of more than 250 the House Rules Committee will meet to consider before a floor vote.
Freddie Mac , the government mortgage buyer announced today it lost $475 million in the third quarter, its first loss in four years, after earning $4.17 billion in the third quarter of 2014. It Mac blamed the loss on the mark-to-market accounting of derivatives as interest rates declined. The Federal Housing Finance Agency, said more losses were a possibility for both Freddie Mac and Fannie Mae .
 The treasury expects to borrow $344 billion in the October-December quarter, $74 billion more than was projected in August. That assumes an end-of-December cash balance of $325 billion.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
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