The KUIK Morning Market Report for Friday, February 17:
Markets are down.
Index
Direction
Change
Units
Time
Dow
Down
(49)
points
20,571
8:03 AM
S&P500
Down
-0.2%
percent
2,342
Nasdaq Composite
Down
0.0%
percent
5,814
30 Year Treasury
Down
(3)
Basis Points
3.02
Annual Yield
President Trump said yesterday at his press conference that he plans to roll out a health-care plan in March and that his proposal will come before a tax-code overhaul, Trump said the timing of the two proposals has to do with statutory and budget reasons though he said “frankly, the tax would be easier.” He also said he has asked the Justice Department to probe leaks from his administration to the media.
Here is bizarre inside trade. A Florida man is accused of planning to blow up Target stores along the East Coast in order to get cheap shares if the company’s stock fell after the explosions. The U.S Attorney’s Office in the middle district of Florida said in a news release on Thursday that 48-year-old Mark Charles Barnett is charged with possession of a firearm affecting commerce by a previously convicted felon. He is also a registered sex offender in Florida. If convicted, Barnett faces up to 10 years in prison. An affidavit says Barnett offered to pay another man $10,000 to place at least 10 “improvised explosive bombs” disguised in food-item packaging in stores from New York to Florida. The man went to authorities.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
