Friday's Bloomberg Market Report

By: Bloomberg Email
By: Bloomberg Email
New York Stock Exchange
8227.08 down 29.51

American Stock Exchange
2425.97 down 5.63

Nasdaq Composite
3044.11 down 5.30

Standard and Poors 500
1428.59 down 4.25

Why it might cost you more to fly and BMW’s new plan to drive past Mercedes, all in the Friday Bloomberg After The Bell Report from the New York Stock Exchange.

Here's some harsh perspective on the budget deficit. The treasury announced that at $1.09 trillion, it's the fourth-largest since World War II. The news comes as lawmakers debate the impact of looming spending cuts less than a month before the presidential election.

As for the markets, most stocks fell as a slump in European and financial shares overshadowed an unexpected jump in consumer confidence.

Meantime, Southwest Airlines is raising domestic fares from $2 to $5 one way with analysts saying those hikes could be matched by competitors. Earlier this week, United Airlines also raised fares, but then scrapped that plan.

In a push to pass Mercedes, BMW is introducing an incentive program through the end of this month that lets lease owners skip payments if they buy a car. The company is mailing offers to current lease owners of most of the vehicles in its 2010 model year lineup that lets them waive as many as three payments to buy a new or used model. The offer expires October 31st.

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