| The KUIK Morning Market Report for Wednesday, January 29: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (91) | points | 15,837 | 7:07 AM | ||
| S&P500 | Down | -0.52% | percent | 1,783 | (9.24) | ||
| Nasdaq Composite | Down | -0.55% | percent | 4,076 | (22.35) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.65 | Annual Yield | ||
| Bloomberg reports For-profit colleges may face financial pressure from a new wave of probes. Education Management, Corinthian Colleges , ITT Educational Services and Career Education Corp. have said since Friday that they’ve received demands for information from a network of at least 12 attorneys general. The Federal Trade Commission has stiffened guidelines for marketing vocational training programs. The Consumer Finance Protection Bureau has said it’s preparing to tackle student debt, which has climbed to $1.2 trillion and is pervasive among former students. Bureau head Richard Cordray, said in written testimony to a House panel yesterday that the bureau has received thousands of complaints and comments about private student loans and debt. | |||||||
| Investors have jumped into gold as rate hikes from Turkey and South Africa appeared to do little to stem fears of an emerging market crisis and stock futures pointed to sharp early losses for Wall Street. Investors are also braceing for a potential paring of the Federal Reserve’s bond-buying program. February gold is up 1.3%, to $1,267.48 an ounce on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2014-01-29/for-profit-colleges-face-new-wave-of-coordinated-state-probes.html | |||||||
| http://www.marketwatch.com/story/gold-makes-strides-ahead-of-fed-statement-2014-01-28?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||