Market Update Report 3/21/2017

The KUIK Market Update for Tuesday, March 21:
 
Markets are down.
 
Index Direction Change Units   Time    
Dow Down                   (138)  points            20,772 8:13 AM    
S&P500 Down -0.6% percent             2,359      
Nasdaq Composite Down -0.8% percent             5,855      
30 Year Treasury Down                      (3) Basis Points               3.06 Annual Yield    
 
President Donald Trump warned House Republicans on Tuesday that there could be political consequences for them next year if they don’t replace the Affordable Care Act, as he stepped up lobbying for a bill scheduled to be voted on this week. Trump met with the House GOP as conservatives said they had enough votes to block the legislation to dismantle the Affordable Care Act, also known as Obamacare. Late Monday, House leaders unveiled changes to the bill — including preventing states from expanding Medicaid — in an effort to woo undecided members.
 
European Council President Donald Tusk announced today he has asked European Union leaders, excluding British Prime Minister Theresa May, to meet April 29 to discuss Brexit. The meeting will be to agree on the guidelines for negotiations with Britain including the issues to be dealt with during the upcoming divorce negotiations. The announcement comes 24 hours after May’s government informed the EU it will trigger the start of its exit from the bloc on March 29.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/trump-tells-house-republicans-theyll-lose-in-2018-if-they-dont-replace-obamacare-2017-03-21
http://www.marketwatch.com/story/eu-sets-april-date-for-special-brexit-summit-2017-03-21
 
 
 
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