Market Update Report 7/18/2017

The KUIK Market Update for Tuesday, July 18:
Markets are mixed.
Index Direction Change Units Index Time Change
Dow Jones Industrial Average Down (102) points 21,527 8:29 AM
S&P500 Down -0.1% percent 2,456 (2.87)
Nasdaq Composite Up 0.1% percent 6,321 6.31
30 Year Treasury Down (3) Basis Points 2.86 Annual Yield
Senate GOP leaders have abandoned their effort to dismantle and replace Obamacare. Republican Sens. Mike Lee of Utah and Jerry Moran of Kansas last night joined Rand Paul of Kentucky and Susan Collins of Maine to oppose the latest version of the GOP bill, which would have rolled back and replaced much of the Affordable Care Act. Majority Leader Mitch McConnell said the Senate would vote “in coming days” on a bill it passed in late 2015 to repeal most of the Affordable Care Act, which then President Obama vetoed in January 2016.
The U.K.’s Advertising Standards Authority plans to crack down on commercials that feature gender stereotypes, saying they “might be potentially harmful to people.” The ban would hit ads that show “a man trying and failing to undertake simple parental or household tasks,” says a new 64-page report. One showing a woman alone cleaning up a mess that her family made would also probably ring alarm bells. The ASA said it has received complaints about the public about these kinds of ads, but has been unable to act as they do not violate current standards. Its new rules under development, would take effect next year. In the meantime, the plan has polarized Britons, with some praising the initiative as others blast it.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/health-care-overhaul-seems-sunk-as-two-more-republicans-oppose-senate-bill-2017-07-17
http://www.marketwatch.com/story/brits-get-ready-to-ban-sexist-ads-2017-07-18
For today’s Market Update Report click to listen->