Market Update Report 2/17/2017

The KUIK Market Update for Friday, February 17:
 
Markets are down.
 
Index Direction Change Units   Time    
Dow Down                    (49)  points            20,571 8:01 AM    
S&P500 Down -0.2% percent             2,342      
Nasdaq Composite Down 0.0% percent             5,814      
30 Year Treasury Down                      (3) Basis Points               3.02 Annual Yield    
 
President Trump said yesterday at his press conference that he plans to roll out a health-care plan in March and that his proposal will come before a tax-code overhaul, Trump said the timing of the two proposals has to do with statutory and budget reasons though he said “frankly, the tax would be easier.” He also said he has asked the Justice Department to probe leaks from his administration to the media.
 
The majority of Americans don’t what “sell by” labels tell them. After 40 years, the grocery industry is clearing up the confusion. On Wednesday, the Food Marketing Institute and the Grocery Manufacturers Association, the two largest trade groups for the grocery industry, announced that they’ve adopted standardized, voluntary regulations to clear up what product date labels mean. Where manufacturers now use any of 10 separate label phrases, ranging from “expires on” to “better if used by,” they’ll now be encouraged to use only two: “Use By” and “Best if Used By.” “Use By” indicates when perishable foods are no longer good. “Best if Used By” is a guess of when the manufacturer thinks the product should be consumed for peak flavor.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/trumps-tax-plan-release-takes-back-seat-to-health-care-2017-02-16
https://www.washingtonpost.com/news/wonk/wp/2017/02/16/a-barely-noticeable-change-to-how-food-is-labeled-could-save-americans-millions/?utm_term=.096ce304a23b
 
 
 
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