The KUIK Morning Market Report for Wednesday, January 11:
Markets are up.
Index
Direction
Change
Units
Time
Dow
Up
67
points
19,921
7:10 AM
S&P500
Up
0.1%
percent
2,272
Nasdaq Composite
Down
0.0%
percent
5,552
30 Year Treasury
Up
1
Basis Points
2.98
Annual Yield
U.S. stocks are mostly flat this morning, as investors stay on the sidelines ahead of a news conference from President-elect Trump. It is expected at 8:00 am Pacific t Time. It will be his first formal news conference since July. As markets are hoping for further clues over the direction of fiscal policy.
Ahead of its annual meeting of world leaders, the World Economic Forum laid out five of the biggest threats facing the planet in 2017. They are in order extreme weather events, large-scale involuntary migration, major natural disasters, large-scale terrorist attacks, and a massive data breach.
Rex Tillerson, President-elect Trump’s nominee as Secretary of State, told senators this morning in his confirmation hearing that Russia “poses a danger” to the U.S. but that the two countries need an “open and frank dialogue.” Tillerson, the former CEO of Exxon Mobil , is testifying before the Senate Foreign Relations Committee. His prepared testimony covers relations with Russia, China and other nations and says the U.S. is the “only global superpower with the means and the moral compass capable of shaping the world for good.”
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
