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The KUIK Morning Market Report for Monday, February 12: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
303 |
points |
24,494 |
6:58 AM |
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S&P500 |
Up |
1.0% |
percent |
2,646 |
(1.99) |
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Nasdaq Composite |
Up |
1.1% |
percent |
6,950 |
(2.34) |
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30 Year Treasury |
Up |
1 |
Basis Points |
3.15 |
Annual Yield |
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President Trump will present his plan for spending $200 billion over 10 years on infrastructure, mostly by using new, competitive grants designed to encourage states and cities to raise their own money for improving rails, airports, highways and water systems. The proposal also would expand federal loan programs for those projects resulting in $1.5 trillion in new investment. The White House says it will raise the $200 billion through spending cuts to be outlined in the budget the president will send this week to Congress. But lawmakers last week agreed to a plan to break budget caps and spend $300 billion more than previously planned over the next two years. |
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The administration is also proposing ending federal financing of the International Space Station to allow private industry to take over, according to the Washington Post. After a transition period, the government would end direct support after 2024, the newspaper said, citing NASA. The administration will request $150 million in 2019 for privatization. The U.S. has spent nearly $100 billion to build and operate the station and it costs about $1.1 billion a year to operate and maintain it. |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/trump-set-to-unveil-200-billion-infrastructure-plan-monday-2018-02-11 |
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For today’s Morning Market Report click to listen-> |
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