The KUIK Morning Market Report for Thursday, January 19:
Market are down.
Index
Direction
Change
Units
Time
Dow
Down
(27)
points
19,778
7:19 AM
S&P500
Down
-0.2%
percent
2,268
Nasdaq Composite
Down
0.0%
percent
5,555
30 Year Treasury
Up
6
Basis Points
3.05
Annual Yield
The Labor Department reports new applications for unemployment benefits last week fell by 15,000 to 234, 000. Economists expected 245,000. Initial claims have been under 300,000 for 98 straight weeks. Continuing claims fell by 47,000 to 2.046 million the week ended January 7.
Martin Winterkorn, Volkswagen’s former chief executive, testifying to a German parliamentary committee, denied any personal knowledge of the German car maker’s diesel-emissions cheating in his first major public appearance since the scandal broke in September 2015. Mr. Winterkorn was forced to resign just days after the U.S. Environmental Protection Agency accused the company of rigging diesel engines to cheat on emissions tests. The disclosure led to civil and criminal litigation against the company, which has pleaded guilty to federal charges including conspiracy to defraud the U.S. government and consumers.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
