The KUIK Morning Market Report for Wednesday, January 4:
Markets are up.
Index
Direction
Change
Units
Time
Dow
Up
18
points
19,899
7:41 AM
S&P500
Up
0.3%
percent
2,265
Nasdaq Composite
Up
0.5%
percent
5,454
30 Year Treasury
Unchanged
–
Basis Points
3.05
Annual Yield
Wikileaks founder Julian Assange told Sean Hannity of Fox News in an interview aired last night that Hillary Clinton campaign chairman John Podesta’s password on his email account was the word “password.” Assange did not say if it included a capital letter or a punctuation mark.
Wall Street lawyer Jay Clayton has emerged as the leading candidate to be chairman of the Securities and Exchange Commission and could be announced as the nominee as soon as today, according to the Trump transition team. If nominated, Clayton would succeed SEC Chairman Mary Jo White. Clayton met with Trump on Dec. 22. He is a partner at Sullivan & Cromwell where he worked on the initial public offering of Alibaba Group.
The U.S. dollar weakened against its major rivals this morning, pulling back from a 14-year high as investors wait for the minutes from the Federal Reserve’s December meeting where the Fed raised interest rates for only the second time in a decade. Those are due at 11 a.m. Pacific Time and could shed light on the pace of interest-rate hikes, and how policy makers will respond to President-elect Trump and influence currency markets.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
