The KUIK Morning Market Report for Friday, February 24:
Markets are down.
Index
Direction
Change
Units
Time
Dow
Down
(33)
points
20,777
7:03 AM
S&P500
Down
-0.3%
percent
2,358
Nasdaq Composite
Down
-0.3%
percent
5,817
30 Year Treasury
Down
(3)
Basis Points
2.99
Annual Yield
Attorney General Jeff Sessions rescinded an Obama administration order directing the Federal Bureau of Prisons to phase out its use of private prisons. In a memo signed Feb. 21 but published yesterday, Sessions revived the decade-long experiment in hiring private companies to help manage the U.S. population of federal prisoners. The stocks of two private prison operators are up. Both CoreCivic and Geo Group are up almost 2%.
Former House Speaker John Boehner is skeptical of Republicans being able to “repeal and replace” Obamacare. Repeal-and-replace is mere “happy talk,” he said Thursday at the Healthcare Information and Management Systems Society conference in Orlando, Fla. “[Congressional Republicans are] going to fix Obamacare — I shouldn’t call it repeal and replace, because it’s not going to happen,” he said, according to Politico. Any change to the existing Affordable Care Act would likely be limited, Boehner said, since “Republicans never ever agree on health care.”
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
