The KUIK Morning Market Report for Wednesday, August 2:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
59
points
22,023
7:11 AM
S&P500
Up
0.0%
percent
2,477
0.78
Nasdaq Composite
Up
0.2%
percent
6,376
13.30
30 Year Treasury
Down
(1)
Basis Points
2.84
Annual Yield
The Trump administration plans measures to force Beijing to crack down on intellectual-property theft and ease requirements that American companies share advanced technologies to gain entry to the Chinese market. Its considering using a provision of trade law to investigate whether China’s intellectual property policies constitute “unfair trade practices.” That would pave the way for the U.S. to impose sanctions on Chinese exporters or to further restrict the transfer of advanced technology to Chinese firms or to U.S.-China joint ventures.
Republican Senators David Perdue and Tom Cotton will join President Trump at the White House today to unveil legislation proposing a skills-based immigration system, according to the Washington Examiner.
ADP reports private sector hiring remained strong in July as employers added 178,000 jobs. Economist expected a gain of 173,000 jobs compared with an original reported increase of 158,000 in June which was revised upward to 191,000.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
