December 8, 2017

Morning Market Report 12/8/2017

The KUIK Morning Market Report for Friday, December 8:

Markets are up.

Index	Direction	Change	Units	Index	Time	Change
Dow Jones Industrial Average	Up	47	points	24,259	7:11 AM
S&P500	Up	0.4%	percent	2,647	0.40
Nasdaq Composite	Up	0.7%	percent	6,860	4.13
30 Year Treasury	Down	(1)	Basis Points	2.77	Annual Yield

The Labor Department reports the U.S. created 228,000 jobs in November. Economists expected 200,000 increase new nonfarm jobs. The unemployment rate held steady at 4.1%. Wages rose 0.2%, or 5 cents, to an average of $26.55 an hour and are up 2.5% from November 2016. The average workweek rose 6 minutes to 34.5 hours. October job gains wererevised downward 244,000 from 261,000.
More than 86,000 homes in Southern California are at risk from wildfires according to an analysis today from CoreLogic. Of that total, 16% are at significant risk of damage and fall into “high” and “extreme” categories. That represents a reconstruction cost value of more than $5 billion. CoreLogic said “although the majority of homes, 72,616, or 84%, are at ‘low’ or ‘moderate’ risk of damage, wildfire can easily expand to adjacent properties and cause significant damage even if a property is not considered high risk in its own right.”
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

https://www.marketwatch.com/story/us-adds-228000-jobs-in-november-unemployment-flat-at-41-2017-12-08
https://www.marketwatch.com/story/california-wildfires-could-mean-over-27-billion-in-damages-to-homes-corelogic-says-2017-12-08

For today’s Morning Market Report click to listen->