Morning Market Report 1/26/2017

The KUIK Morning Market Report for Thursday, January 26:
 
Market are up.
 
Index Direction Change Units   Time    
Dow Up                       19  points            20,091 6:55 AM    
S&P500 Up 0.0% percent            2,299      
Nasdaq Composite Up 0.1% percent            5,663      
30 Year Treasury Unchanged                       –   Basis Points              3.11 Annual Yield    
 
The Labor Department reports new applications for unemployment benefits climbed by 22,000 to 259,000 last week.  Economists expected a seasonally adjusted 250,000. New claims are under the 300,000 level for the 99th straight week. Continuing claims rose by 41,000 to 2.1 million in the week ended Jan 14. 
 
President Trump’s border wall plan has blown up into a showdown with Mexican President Enrique Pena Nieto just days before the Mexican leader and Trump are scheduled to meet in Washington. Trump today blasted Pena Nieto for saying Mexico would refuse to pay for a barrier on the border, tweeting that trade has been a “one-sided deal” for Mexico’s benefit and that “If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting.” Mexico’s peso fell after the tweet, falling 0.6%.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/jobless-claims-jump-22000-to-259000-2017-01-26
https://www.bloomberg.com/politics/articles/2017-01-26/trump-threatens-to-cancel-mexico-visit-to-white-house-over-wall
 
 
 
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