1) The Swiss bank UBS has been fined $4.2 billion dollars for money laundering. The bank had created a sophisticated system, including special computer software, that allowed the bank to counsel clients on how to avoid paying taxes.
2) Amtrack plans to expand its services, but will be stressing short runs between cities, mostly in the northeast corridor. Many fear this will mean the drastic reduction of long haul routes.
3) 20 FEB 19 Stock market closings:
Dow 25,954.44 up 63.12
Nasdaq 7,489.07 up 2.30
S&P 500 2,784.70 up 4.94
10 Year Yield: up at 2.65%
Oil: down at $56.90