The KUIK Closing Market Report for Friday, September 29:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
24
points
22,405
2:38 PM
S&P500
Up
0.4%
percent
2,519
9.30
Nasdaq Composite
Up
0.7%
percent
6,496
42.51
30 Year Treasury
Down
(1)
basis points
2.86
Annual Yield
President Trump said today that he has had four meetings in his search for a new Federal Reserve chairman and a decision would come in two or three weeks. The Wall Street Journal reported that the President met with Kevin Warsh and Jay Powell. Warsh is a former Fed governor. He has been critical of the Fed since leaving in 2011.Powell is a current Fed governor abd former top Treasury official under President George H.W. Bush. He was a partner at the Carlyle Group before joining the Fed in 2012. His term expires in 2028.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
