The KUIK Morning Market Report for Thursday, February 9:
Markets are up.
Index
Direction
Change
Units
Time
Dow
Up
38
points
20,093
6:59 AM
S&P500
Up
0.2%
percent
2,299
Nasdaq Composite
Up
0.3%
percent
5,697
30 Year Treasury
Up
2
Basis Points
2.98
Annual Yield
The Labor Department reports new applications for unemployment benefits last week fell by 12,000 to 234,000. Economists expected a seasonally adjusted 249,000. Continuing claims rose by 15,000 to 2.08 million in the week ended Jan 28.
Marketwatch reports the Trump administration is considering executive action to suspend the conflict-minerals rule. The rule requires companies to disclose any tin, tantalum, tungsten or gold from the Democratic Republic of the Congo in their supply chains. The minerals are used in everyhting from iPhones to engagement rings. Human-rights groups say the rule led companies to buy fewer materials connected to militia groups but business groups have fought it in court, saying its requirements are costly and burdensome.
No matter what you have heard about looming inflation or President Donald Trump’s economic policies, St. Louis Fed President James Bullard says interest rates can remain low. In a speech at Washington University in St. Lous Bullard predicted the fed-funds target rate would stay below 1% through 2019.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
