| The KUIK Morning Market Report for Thursday, October 10: | |||||||
| Markets are up strongly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 175 | points | 14,991 | 6:54 AM | ||
| S&P500 | Up | 1.31% | percent | 1,678 | 21.71 | ||
| Nasdaq Composite | Up | 1.57% | percent | 3,735 | 57.65 | ||
| 30 Year Treasury | Up | 6 | Basis Points | 3.78 | Annual Yield | ||
| Top House Republicans head to the White House today to discuss the issues underlying the standoff that has resulted in the nine-day partial government shutdown and the debt ceiling. The White House said the session isn’t a negotiation, in keeping with Obama’s demand that lawmakers raise the debt ceiling and fully reopen the government without conditions before policy talks are held. But the meeting may allow House Republicans to say they had a policy conversation with the president, which is a condition of resolving the impasse. | |||||||
| As the shutdown enters its tenth day, some lenders are delaying mortgage approvals and others are refusing applications entirely. Originations of mortgages backed by the Department of Agriculture, for buyers in rural areas, came to a halt after the agency shut down last week. Some lenders also say it’s taking longer to process mortgages that are insured by the Federal Housing Administration, which has been operating with a limited staff since the shutdown. And some lenders are not originating mortgages at all until they can verify applicants’ income with the shut down Internal Revenue Service. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/white-house-set-to-meet-gop-heads-in-standoff-thaw-2013-10-10 | |||||||
| http://www.marketwatch.com/story/housing-market-shut-down-along-with-government-2013-10-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||