The KUIK Morning Market Report for Friday, October 13:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
32
points
22,873
7:12 AM
S&P500
Up
0.2%
percent
2,555
3.91
Nasdaq Composite
Up
0.2%
percent
6,607
15.90
30 Year Treasury
Down
(2)
Basis Points
2.83
Annual Yield
The Washington Post reports the Trump Administration announced night last that the government will immediately stop cost-sharing reductions. These $7 billion in annual subsidies to health insurers lowers premiums for consumers. Earlier in the day, the president signed an executive order that makes it easier for individuals and small businesses to buy alternative types of health insurance accross state lineswith lower prices, less mandated coverage, but also fewer benefits and weaker government protections.
Retail sales in the U.S. leaped 1.6% in September, reflecting the largest increase in two and a half years. The big boost came from new autos and trucks. Excluding autos, sales rose 1%. Sales of cars and trucks surged last month after a disappointing August. Part of the rebound reflected the purchase of replacement vehicles after many were damaged by hurricane-related flooding in Texas and Florida. Home-supply stores also got a bump in the cleanup that followed. Higher gasoline prices boosted sales at gas stations
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
