The KUIK Morning Market Report for Thursday, January 26:
Market are up.
Index
Direction
Change
Units
Time
Dow
Up
19
points
20,091
6:55 AM
S&P500
Up
0.0%
percent
2,299
Nasdaq Composite
Up
0.1%
percent
5,663
30 Year Treasury
Unchanged
–
Basis Points
3.11
Annual Yield
The Labor Department reports new applications for unemployment benefits climbed by 22,000 to 259,000 last week. Economists expected a seasonally adjusted 250,000. New claims are under the 300,000 level for the 99th straight week. Continuing claims rose by 41,000 to 2.1 million in the week ended Jan 14.
President Trump’s border wall plan has blown up into a showdown with Mexican President Enrique Pena Nieto just days before the Mexican leader and Trump are scheduled to meet in Washington. Trump today blasted Pena Nieto for saying Mexico would refuse to pay for a barrier on the border, tweeting that trade has been a “one-sided deal” for Mexico’s benefit and that “If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting.” Mexico’s peso fell after the tweet, falling 0.6%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
