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The KUIK Morning Market Report for Thursday, March 8: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
74 |
points |
24,875 |
7:28 AM |
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S&P500 |
Up |
0.2% |
percent |
2,733 |
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Nasdaq Composite |
Up |
0.3% |
percent |
7,417 |
3.00 |
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30 Year Treasury |
Down |
(3) |
Basis Points |
3.12 |
Annual Yield |
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Trump administration officials requested a $100 billion reduction in the U.S.-China trade deficit when meeting with President Xi Jinping’s top economic deputy last week, according to The Wall Street Journal. In a tweet on Wednesday, President Trump said Washington asked for a $1 billion reduction. According to the website thebalance.com, the trade deficit with China was $375 billion in 2017. U.S. exports to China were only $130 billion while imports were $506 billion. |
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The Labor Department reports initial claims for unemployment benefits rose by 21,000 to 231,000 the week ended March 3. That’s the highest level in six weeks. Continuing claims, fell by 65,000 to 1.87 million the week before. |
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Freddie Mac reports the 30-year fixed-rate mortgage averaged 4.46% this week, up from 4.43% last week. A year ago it was 4.21%. The 15-year fixed averaged 3.94% up from 3.90%. A year ago it was 3.42%. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.thebalance.com/u-s-china-trade-deficit-causes-effects-and-solutions-3306277 |
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freddiemac.mwnewsroom.com/press-releases/mortgage-rates-push-higher-otcqb-fmcc-1328567 |
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For today’s Morning Market Report click to listen-> |
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