Morning Market Report 3/5/2018

The KUIK Morning Market Report for Monday, March 5:

Markets are down.

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Down

                   (110)

points

          24,428

7:31 AM

S&P500

Down

-0.5%

percent

           2,679

Nasdaq Composite

Down

-0.5%

percent

           7,218

            3.00

30 Year Treasury

Down

                       (1)

Basis Points

             3.12

Annual Yield

Chinese and U.S. officials who met in Washington this past week have agreed to continue their discussions in Beijing “in the near future,”  Zhang Yesui, a vice foreign minister and spokesman for China’s legislature, told a news conference Sunday. He called for cooperation between the two countries and cautioned against policies that could bring on a trade war. But when asked to comment on Zhang’s statement, a White House spokeswoman said: “There was no agreement to meet.” It was the second time in two months that a top Chinese government official issued a public statement about the two countries agreeing to hold economic talks that was then denied by the Trump administration.

As officials from the U.S., Canada and Mexico are preparing to meet for the latest round of talks on Nafta, President Trump tweeted: “Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed.” He also said Canada “must treat our farmers much better” and that Mexico has to do more to curb the flow of drugs into the U.S.

Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/is-there-an-agreement-to-renew-trade-talks-china-says-yes-but-white-house-says-no-2018-03-04#false

www.marketwatch.com/story/trump-today-president-says-canada-mexico-steel-tariffs-will-only-come-off-under-fair-nafta-2018-03-05#false

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