| The KUIK Market Update for Wednesday, November 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 89 | points | 17,577 | 7:51 AM | ||
| S&P500 | Up | 0.5% | percent | 2,060 | 9.67 | ||
| Nasdaq Composite | Up | 0.5% | percent | 5,011 | 25.29 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.07 | Annual Yield | ||
| The Commerce Department reports construction on new U.S. homes fell by 11% in October to an annual rate of 1.06 million, hitting the lowest level since spring. Economists expecteda seasonally adjusted 1.15 million. Permits for new construction, a sign of future demand, rose 4.1% to an annual rate of 1.15 million. Permits for single-family homes, which account for about three-quarters of the housing market, rose 2.4% in October to an annual rate of 711,000, highest level since the end of 2007. | |||||||
| If you owe the Internal Revenue Service more than $50,000, you could soon have your U.S. passport taken away. House and Senate negotiators are hammering out a long-term highway bill that would fund road and mass-transit projects, and the passport-revocation provision is one revenue-raising measure that’s been approved by both chambers. Lawmakers are scheduled to hold a conference meeting Wednesday morning to begin ironing out a compromise bill. If it makes the final version of the highway bill would raise $400 million over 10 years, according to the Senate Finance Committee. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-fall-11-in-october-but-permits-rebound-2015-11-18 | |||||||
| http://www.marketwatch.com/story/us-may-soon-have-power-to-take-passports-from-tax-delinquents-2015-11-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||