Morning Market Report 3/19/2018

The KUIK Morning Market Report for Monday, March 19:

Markets are down

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

down

                    176

 points

          24,770

8:09 AM

S&P500

down

0.6%

percent

           2,735

Nasdaq Composite

down

0.9%

percent

           7,420

           (1.50)

30 Year Treasury

up

                      21

Basis Points

             3.10

Annual Yield

Facebook ignited contoversy over how it manages third-party access to users’ information, after the social network said a firm improperly kept data for several years despite saying it had destroyed those records.
U.S. and British lawmakers slammed Facebook over the weekend for not providing more information about how the data firm, Cambridge Analytica, came to access information about potentially tens of millions of members without their explicit permission.

The privacy violations there are significant,” said Sen. Jeff Flake, Republican, Ariz. “The questions are: who knew it? When did they know it? How long did this go on? And what happens to that data now?”
The attorney general in Massachusetts said her office plans to investigate the matter. Damian Collins, the U.K. lawmaker who chairs a parliamentary committee on media and culture, said he intended to ask Facebook Executives to testify before his committee,  as part of its inquiry into how social-media manipulation affected Britain’s referendum decision to exit from the European Union.

Serving the West Side first, I am Mike Elerath of brcapitalinc.com for 1360 KUIK.

https://www.marketwatch.com/story/facebook-sparks-international-furor-over-third-party-access-to-user-data-2018-03-18      

https://www.marketwatch.com/story/facebook-sparks-international-furor-over-third-party-access-to-user-data-2018-03-18      

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