The KUIK Morning Market Report for Monday, April 24:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
230
points
20,778
7:22 AM
S&P500
Up
1.1%
percent
2,374
25.75
Nasdaq Composite
Up
1.2%
percent
5,983
72.40
30 Year Treasury
Up
5
Basis Points
2.94
Annual Yield
The euro is uup 1.3% against the dollar, on track for its largest intraday advance since June 3. French establishment favorite Emmanuel Macron took first place in the first round of the French presidential election. He will will face off against the National Front’s Marine Le Pen, a far-right candidate who hopes to take France out of both the European Union and the euro. The second round of voting will be on May 7.
Marketwatch reports Amazon.com has created a 12 person team focused on driverless-vehicle technology to help the retail giant shake-up transportation. It formed the team about a year ago as part of its goal to transport more of the goods it sells. For now, Amazon doesn’t intend to build a fleet of vehicles Instead, the team serves as an in-house think tank on how best to use the technology.
Politico reports President Trump and Congress are on a collision course over funding the government this week, with the White House demanding money for a border wall with Mexico and Democrats refusing to fund the project. The government is funded through Friday, and it appears Trump is heading for disappointment. Democrats are signaling they are unlikely to cave, and Republicans are pressing the administration to fight another day.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
