The KUIK Market Update for Wednesday, September 13:
Markets are flat.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
0
points
22,120
8:03 AM
S&P500
Down
0.0%
percent
2,496
(0.60)
Nasdaq Composite
Down
-0.1%
percent
6,450
(3.87)
30 Year Treasury
Unchanged
–
Basis Points
2.78
Annual Yield
Nordstrom shares are up 5.4% to $47.50 a share on a report from CNBC that Nordstrom family members are close to choosing Leonard Green & Partners to help fund a buyout of the Seattle based department store chain. The family group owns 31.2% of the 116-year-old retailer. It said in June it was looking to take Nordstrom private. Leonard Green would provide about $1 billion in equity to help fund the deal.
House Speaker Paul Ryan said a tax-reform "outline" will be released the week of Sept. 25 that reflects the consensus of the two congressional tax committees and the Trump administration. Speaking to reporters on Wednesday, Ryan said the House Ways and Means Committee and the Senate Finance Committee would take input after the outline is released and produce bills "in the weeks ahead."
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
