| The KUIK Morning Market Report for Tuesday, February 4: | |||||||
| Markets are up at the open after yesterday’s big sell off. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 3 | points | 15,418 | 6:55 AM | ||
| S&P500 | Up | 0.49% | percent | 1,750 | 8.45 | ||
| Nasdaq Composite | Up | 0.49% | percent | 4,017 | 19.61 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.58 | Annual Yield | ||
| Dallas Federal Reserve President Richard Fisher said he thinks the central bank should continue to reduce bond purchases despite falling U.S. stock prices and currency turmoil in overseas economies. In an interview on Fox Business, Fisheraid the Federal Reserve is focused on how the “real” economy is doing and not just the stock market. So long as the economy shows progress, he said, the Fed should cut bond purchases from the current rate of $65 billion a month. Fisher pointed out that stock prices are still sharply higher compared to one year ago and he noted that markets can have sharp gyrations regardless of the health of the economy. Fisher is a voting member of the Fed’s policy-setting committee. | |||||||
| Microsoft has a new CEO. It announced that Satya Nadella, Microsoft’s executive vice president of cloud and enterprise, was tapped by the company to become chief executive. He is a long-time Microsoft employee, who had headed up the company’s server and tools division until July 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-fisher-sees-no-reason-to-slow-bond-taper-2014-02-03 | |||||||
| http://www.marketwatch.com/story/just-who-is-microsofts-satya-nadella-2014-01-31 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||