| The KUIK Morning Market Report for Wednesday, February 11: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (56) | points | 17,813 | 7:06 AM | ||
| S&P500 | Down | -0.1% | percent | 2,066 | (2.21) | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,795 | 7.25 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.58 | Annual Yield | ||
| Richard Fisher, the president of the Federal Reserve Bank of Dallas, used his farewell speech to call for reforms in the way the U.S. central bank is structured. Fisher is retiring after 10 years as head of the Dallas Fed. In a speech in Manhattan, he called for greater power for 11 of the Fed regional banks at the expense of the New York Fed and the board of governors in Washington. Fisher said the New York Fed should no longer be the permanent vice chairman of the Fed’s policy committee. Instead the role should be shared among the 12 regional fed banks. | |||||||
| The Labor Department reports job openings in the U.S. rose 3.7% to 5.03 million in December, highest level since 2001, and the number of people hired climbed 1.9% to 5.05 milllion, strongest level since 2007. Separations rose to 4.89 million, the highest since 2008. About one-third of the workers quit, a good sign since it means they probably found other jobs. But two-thirds were let go for other reasons. For all of 2014, there was a net employment gain of 2.9 million. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/outgoing-dallas-fed-president-fisher-urges-sweeping-reform-at-us-central-bank-2015-02-11 | |||||||
| http://www.marketwatch.com/story/us-job-openings-hit-highest-level-since-2001-2015-02-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||