The KUIK Morning Market Report for Wednesday, February 22:
Markets are down.
Index
Direction
Change
Units
Time
Dow
Down
(22)
points
20,721
7:01 AM
S&P500
Down
-0.2%
percent
2,361
Nasdaq Composite
Down
-0.2%
percent
5,853
30 Year Treasury
Down
(3)
Basis Points
3.01
Annual Yield
Preliminary data shows world trade growth slowed to as low as 1.9% in 2016, down from 2.7% in 2015 the fifth decline in a row. That’s down from a high of 12.4% in 2010, when the world came out of recession. The World Bank said an increase in policy uncertainty may account for up to 75% of the trade slowdown in 2016. The authors said they studied 18 countries and up to 30 years of data to capture the relationship between economic policy uncertainty and trade.
Simple programs, such as a repayment plan used in Australia, can provide relief from students trapped in “a world of debt hurt,” said Philadelphia Fed President Patrick Harker yesterday In Australia, student debt repayments are automatically linked to income. This provides relief to students paying off student loans and reduces paperwork, said Harker, who was the president of the University of Delaware before he joined the Fed.Offering high school students more information helps them make better choices, Harker said in a speech to The Wharton School of the University of Pennsylvania.The number of people with student debt doubled between 2000 and 2014, and bout 11% of the balances are past due.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
