The KUIK Morning Market Report for Tuesday, January 23:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(40)
points
26,174
7:05 AM
S&P500
Down
-0.8%
percent
2,832
1.01
Nasdaq Composite
Up
0.3%
percent
7,428
8.49
30 Year Treasury
Down
(3)
Basis Points
2.89
Annual Yield
The Trump administration said Monday it would impose new trade barriers aimed at protecting domestic makers of solar panels and washing machines from a recent surge of cheap imports that are mostly from China. The administration said it would impose tariffs on washing machines at a rate of up to 50%, with the rates phasing out over the next few years and combined with quotas. Tariffs on solar modules would be as high as 30%, and also be phased out over time. The solar and washer decisions are the first of what is officials have signaled will be a number of 2018 actions invoking trade protection powers
Congress approved a measure Monday to fund the government for three weeks and halt a three-day shutdown, after Senate Democrats accepted GOP leaders’ assurance that they would bring an immigration bill to the floor in coming weeks. The House approved the bill, 266-150. President Donald signed the bill last night. The agreement will keep the federal government running through February. 8, but did not resolve the underlying policy fights over immigration and government-spending and doesn’t prevent another shutdown next month.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
