The KUIK Morning Market Report for Friday, July 21:
Markets are down.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(36)
points
21,575
6:35 AM
S&P500
Down
-0.3%
percent
2,467
(6.20)
Nasdaq Composite
Down
-0.3%
percent
6,373
(17.38)
30 Year Treasury
Down
(4)
Basis Points
2.81
Annual Yield
The International Monetary Fund’s board has backed a $1.8 billion bailout for Greece “in principle.” It still considers the country’s debt “unsustainable” without significant relief by Athens’s creditors. The ceiling on the amount of debt Greece can hold gives the country little room to get out of its commitments to overhaul the economy and restructure its debt. Greece’s current bailout sets the debt ceiling for the central government at around €325 billion ($374 billion), accounting for the country’s current debt and bailout funds.
The U.S. government will ban its citizens from traveling to North Korea as tourists starting in August. To tour operators, China-based Koryo Tours and Young Pioneer Tours, said Friday the Swedish Embassy in Pyongyang, which handles U.S. diplomatic affairs in North Korea, had contacted them separately by phone to inform them of the U.S. action. The ban comes just weeks after U.S. college student Otto Warmbier, who was detained while on a tour in Pyongyang last year, died after he returned home in June with a severe brain injury.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
