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The KUIK Morning Market Report for Tuesday, March 20: |
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Markets are up after yesterday’s big downer day. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
84 |
points |
24,695 |
7:01 AM |
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S&P500 |
Up |
0.3% |
percent |
2,721 |
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Nasdaq Composite |
Up |
0.4% |
percent |
7,371 |
(1.50) |
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30 Year Treasury |
Up |
3 |
Basis Points |
3.11 |
Annual Yield |
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The Wall Street Journal reports there’s renewed interest in indexing capital gains for inflation due to Larry Kudlow, the incoming director of the National Economic Council, He told the Journal he hoped the concept would be included in a bill to extend expiring tax cuts. If that happens, it would be a big shift in tax policy, reducing taxes dramatically on long-term investments. |
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Politico reports the $1 trillion-plus spending bill, which keeps the government operating from Friday through the end of September, was supposed to come out Monday night in advance of a Wednesday House vote. It needs to get through the House and Senate by Friday to avoid a government shutdown. The House leadership is able to wave the three-day rule to allow expedited consideration. But there’s still concern about a Wednesday vote since the vast majority of lawmakers haven’t seen any of the text. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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For today’s Morning Market Report click to listen-> |
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