| The KUIK Morning Market Report for Wednesday, March 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 52 | points | 17,716 | 7:07 AM | ||
| S&P500 | Up | 0.3% | percent | 2,050 | 5.67 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,875 | 15.24 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.72 | Annual Yield | ||
| The Federal Reserve is already a “little bit too late” in the tightening process, with current economic conditions no longer justifying leaving rates at zero, said St. Louis Fed President James Bullard in an interview with the Financial Times. Inflation is not that far below the Fed’s 2% annual rate target excluding oil prices, dismissing concerns about the soaring dollar. Recent soft data was likely due to cold and snowy conditions in the northeast. | |||||||
| A joint venture between crowdsourcing platform Rooy and Portland company Pensole Footwear Design Academy will give independent designers the chance to create their own shoes. D’Wayne Edwards is the founder of Pensole and a former design director for Nike’s Jordan Brand. The platform will be hosted on Pensole.com and will run a design brawl. Pensole will pick concepts and whoever wants to participate will post designs which will get community voting and feedback. Then the company will have a panel pick the winners. Pensole will work with the designers to turn their ideas into products to be sold at retailers. Winning designs will get 5% to 10% of the profits. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-is-already-little-bit-too-late-bullard-2015-03-11 | |||||||
| http://www.marketwatch.com/story/website-lets-sneakerheads-design-their-own-shoes-2015-03-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||