The KUIK Morning Market Report for Tuesday, March 21:
Markets are up.
Index
Direction
Change
Units
Time
Dow
Up
52
points
20,955
6:47 AM
S&P500
Up
0.3%
percent
2,379
Nasdaq Composite
Up
0.3%
percent
5,921
30 Year Treasury
Unchanged
–
Basis Points
3.09
Annual Yield
President Trump heads to Capitol Hill this morning to close the deal on the Republican health-care bill just two days ahead of a planned vote. Politico writes the roll call on the health bill could determine the course of Trump’s entire first-term legislative agenda, He will huddle privately with the House Republican conference. The bill includes giving states the option of requiring able-bodied Medicaid recipients to work or participate in job-training programs. Another change would prevent states from expanding the Medicaid program, which was a concession to conservatives. And it would set aside funding for tax credits to help Americans between 50 and 64, who would see their premiums increase under the current repeal plan.
The U.S. current-account deficit, which measures our debt to other countries, fell 3.1% to $112.4 billion in the fourth quarter of 2016 according to the Bureau of Economic Analysis. The drop was tied to an increase in primary income which are returns on American-owned assets held abroad. That offset a larger trade deficit in goods.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
