The KUIK Morning Market Report for Wednesday, February 8:
Markets are down.
Index
Direction
Change
Units
Time
Dow
Down
(60)
points
20,030
7:17 AM
S&P500
Down
-0.2%
percent
2,289
Nasdaq Composite
Down
-0.2%
percent
5,664
30 Year Treasury
Down
(5)
Basis Points
2.97
Annual Yield
The Trump administration has given final approval to the Dakota Access Pipeline, fulfilling a campaign promise to boost energy projects. The U.S. Army Corps of Engineers, said in court filings that it plans to issue an easement under a river in North Dakota that was holding up construction. The department notified Congress in a separate letter. The project has faced intense opposition from Native American tribes and environmental groups. It will span nearly 1,200 miles and carry as much as 570,000 barrels of oil a day from North Dakota to Illinois.
The risk of France leaving the eurozone has heightened in recent days after far-right candidate Marine Le Pen on Sunday launched her presidential campaign with a hardline speech on immigration and globalization. In the French system, a candidate needs to win a majority in the first-election round, set for April 23 to win the presidency. Le Pen is currently leading the polls for the first round, but looks short of winning an outright majority. That would put her against the second-most popular candidate in a runoff election on May 7.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
