The KUIK Morning Market Report for Monday, January 22:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(21)
points
26,051
6:51 AM
S&P500
Up
0.0%
percent
2,811
1.01
Nasdaq Composite
Up
0.1%
percent
7,345
8.49
30 Year Treasury
Up
2
Basis Points
2.91
Annual Yield
Lawmakers failed Sunday to end the federal government shutdown, which will stretch into a third day today as negotiations over immigration continue on Capitol Hill. The Senate is expected to hold a vote at noon today on a measure to fund the governmentthrough February 8. Senate Majority Leader Mitch McConnell (R., Ky.) on the Senate floor last night said he is willing to consider immigration legislation in early February if a deal hadnât already been reached.
President Trump on Sunday blasted Democrats over immigration during the shutdown and urged Republicans to use the âNuclear Optionâ to reach a long-term solution. The ânuclear optionâ would require a change in Senate rules allowing the bill to pass with a simple majority of 51 votes instead of the current 60 votes.
The International Monetary Fund announced it has revised up its outlook for global growth partly due to upside surprises in Europe and Asia. In its revised world economic outlook, the IMF said the global economy would expand at a 3.9% rate this year and 2019, up 0.2% from its prior forecast.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
