| The KUIK Morning Market Report for Wednesday, October 28: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 55 | points | 17,639 | 8:01 AM | ||
| S&P500 | Up | 0.7% | percent | 2,080 | 14.46 | ||
| Nasdaq Composite | Up | 0.6% | percent | 5,058 | 28.06 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.88 | Annual Yield | ||
| The Commerce Department reports hte trade gap in goods with services excluded fell nearly 13% to $58.6 billion in September. The seasonally adjusted deficit in goods had shot up to a revised $67.2 billion in August from $59.1 billion in July. The government will release overall trade numbers for September next Wednesday. The total U.S. trade deficit in August rose to a five-month high of $48.3 billion, as exports fell to a three-year low. | |||||||
| House Oversight and Government Reform Committee Chairman Jason Chaffetz from Utah and 18 other Republicans have introduced a resolution to impeach Internal Revenue Service Commissioner John Koskinen. Chaffetz said in a statement that Koskinen violated the public trust. “He failed to comply with a congressionally issued subpoena, documents were destroyed on his watch, and the public was consistently misled. Impeachment is the appropriate tool to restore public confidence in the IRS and to protect the institutional interests of Congress.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/early-look-at-us-trade-in-september-signals-big-decline-in-deficit-2015-10-28 | |||||||
| http://www.marketwatch.com/story/resolution-introduced-to-impeach-the-irs-commissioner-2015-10-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||