The KUIK Morning Market Report for Friday, January 5:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
66
points
25,141
6:52 AM
S&P500
Up
0.2%
percent
2,730
(0.02)
Nasdaq Composite
Up
0.3%
percent
7,101
(8.63)
30 Year Treasury
Up
1
Basis Points
2.80
Annual Yield
The Labor Department reports The economy added 148,000 jobs in December. That’s down from an average gain of 232,000 in October and November, and economists expected 198,000 non-farm jobs. The unemployment rate stayed steady at 4.1%. Wages increased 2.5% annually, up slightly from the 2.4% annual rate in November.
The Trump administration is asking Congress for nearly $18 billion to construct more than 700 miles of new and replacement barriers along the southwest border , offering its most detailed description yet of the president’s vision for a border wall with Mexico. It’s a major increasen from the 654 miles of barrier now, bringing the total to nearly 1,000 miles, about half of the entire southwest border. The plans are laid out in a document prepared by the Department of Homeland Security for senators who asked the administration provide details for its funding request.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
