| The KUIK Morning Market Report for Tuesday, March 11: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (30) | points | 16,390 | 7:05 AM | ||
| S&P500 | Down | -0.18% | percent | 1,874 | (3.43) | ||
| Nasdaq Composite | Down | -0.09% | percent | 4,331 | (3.94) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.72 | Annual Yield | ||
| Small-business sentiment slumped in February. Concerns over sales, the economy, and employment driving the downturn. The National Federation of Independent Business said its small-business index dropped 2.7 points to 91.4. Six components fell, one rose, and three were steady. The worst component was earnings trends, and the best was plans to make capital outlays. The index hasn’t been over 100 since 2006. | |||||||
| Taxpayers are on track to net $179 billion from Fannie Mae and Freddie Mac by the end of 2024, according toWhite House budget documents . Fannie and Freddie must send all of their profits to the U.S. Treasury because of the terms of their government bailout. The two firms started receiving federal bailout funds in 2008. They returned to profit in the last two years, thanks to a rebounding housing market. Including an upcoming payment, both firms will have sent more to the government than they received. Taxpayers would net the $179 billion only if terms of the bailout agreement, which has bred investor lawsuits, are unchanged. U.S. lawmakers are working on legislation to reform Fannie and Freddie, but progress may take some time. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feb-small-business-sentiment-slumps-nfib-2014-03-11 | |||||||
| http://www.marketwatch.com/story/taxpayers-on-track-to-net-179b-from-gses-2014-03-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||