The KUIK Morning Market Report for Tuesday, February 9:
Markets are mixed.
Index Direction Change Units Time
Dow Up 13 points 16,011 6:57 AM
S&P500 Up 0.0% percent 1,854
Nasdaq Composite Up 0.5% percent 4,304
30 Year Treasury Unchanged – Basis Points 2.56 Annual Yield
A new report from the Center for Popular Democracy’s Fed Up campaign analyzes the people who ae Federal Reswerve governors, and regional bank presidents and directors. The report notes that all voting members of the rate-setting Federal Open Market Committee and nearly all the regional bank presidents are white. Just two of the 12 presidents and two of the five governors are women. The center said the composition of the Fed violates the spirit of the law that created it, which calls for membership drawn from many different industries and interests.
The National Federation of Independent Business reports companies in January reporting an increase in worker compensation climbed to 27%, the highest this cycle, and up 5% points from December, however, companies planning to raise compensation fell to 15% from 21%. And the small-business optimism index fell 1.3 points to 93.9, mostly due to pessimism on the economy.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/fed-leadership-too-white-too-male-too-many-bankers-2016-02-08
http://www.marketwatch.com/story/nfib-survey-suggests-wage-gains-may-be-fleeting-2016-02-09
For today’s Morning Market Report click to listen->