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The BR Capital Market Report for Monday, April 9: |
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Market were up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
46 |
points |
23,979 |
1:46 PM |
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S&P500 |
Up |
0.3% |
percent |
2,613 |
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Nasdaq Composite |
Up |
0.5% |
percent |
6,950 |
(1.50) |
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30 Year Treasury |
Unchanged |
– |
Basis Points |
3.02 |
Annual Yield |
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The Consumer Financial Protection Bureau may fine Wells Fargo more than several hundred million dollars and as much as $1 billion for auto insurance and mortgage lending abuses, according to Reuters. The fine would be the first since Mick Mulvaney was named interim director of the CFPB. That penalty would dwarf the $100 million the CFPB fined Wells Fargo in September 2016 to settle its phony checking accounts scandal. |
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President Trump has asked the Agriculture Department to come up with a plan to “protect our farmers,” according to White House spokesman Sarah Sanders. She did give any specifics but said the program would be presented shortly. Earlier, Trump said noted that China was targeting the U.S. farm sector in the tit-for-tat trade fight. |
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Serving the Pacific Northwest, I am Bill Roller of brcapitalinc.com. |
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www.marketwatch.com/story/cfpb-may-fine-wells-fargo-as-much-as-1-billion-report-2018-04-09 |
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www.marketwatch.com/story/trump-asks-agriculture-department-for-a-plan-to-protect-farmers-2018-04-09 |
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For today’s BR Capital Market Report click to listen-> |
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