The KUIK Morning Market Report for Monday, October 23:
Markets are flat.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
28
points
23,354
6:56 AM
S&P500
Up
0.1%
percent
2,577
2.16
Nasdaq Composite
Down
0.0%
percent
6,628
(1.10)
30 Year Treasury
Down
(1)
Basis Points
2.88
Annual Yield
President Trump said this morning there will be "no change" for 401(k) plans as his administration and Congress push a tax-policy overhaul. Trump said in a tweet "This has always been a great and popular middle class tax break that works, and it stays!" . On Friday, The Wall Street Journal reported there are proposals to cap pre-tax contributions to 401(k) plans. An often-mentioned amount is $2,400 a year.
A bipartisan effort to fix ObamaCare could get a vote in the Senate if President Trump indicates he’ll sign the legislation, Senate Majority Leader Mitch McConnell said Sunday. Trump has given mixed signals whether he supports the new bill by Sens. Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) and 24 co-sponsors of both parties to stabilize the insurance markets after he said he will pull subsidies to to reduce Obamacare costs for low -income Americans.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
