Market Update Report 4/25/2017

The KUIK Market Update for Tuesday, April 25:
 
Markets are up.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Up                    231  points            20,995 7:43 AM    
S&P500 Up 0.6% percent             2,387        13.09  
Nasdaq Composite Up 0.5% percent             6,016        31.73  
30 Year Treasury Up                       2 Basis Points               2.95 Annual Yield    
 
The dollar surged this morning against the Mexican peso after President Trump tweeted that he remains committed to building a wall along the Mexican border. The dollar rose 1.4% to 18.99, its strongest level in a month, after trading at 18.73 late Monday in New York. Yesterday, Trump told a group of reporters that he would drop his demand that funding for the border wall be included in a bill that must be passed by the weekend to avert a government shutdown. Instead, he said, his administration will return to the issue in September.
 
The Commerce Department reports sales of newly constructed homes ran at a seasonally-adjusted annual rate of 621,000. That was 5.8% higher than February’s downwardly-revised sales pace, and 15.6% higher than a year ago. The median sales price was $315,000, up 7.5% from last month, but only 1.2% higher compared to a year ago. There were 5.2 months of supply, down slightly from 5.4 months in February.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/mexican-peso-falls-to-1-month-low-as-trump-tweets-support-for-border-wall-2017-04-25?dist=markets’
http://www.marketwatch.com/story/new-home-sales-roar-to-an-8-month-high-as-spring-selling-season-starts-with-a-bang-2017-04-25
 
 
 
For today’s Market Update Report click to listen->

Morning Market Report 4/25/2017

The KUIK Morning Market Report for Tuesday, April 25:
 
Markets are up.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Up                     202  points            20,966 7:05 AM    
S&P500 Up 0.6% percent            2,389              14.59  
Nasdaq Composite Up 0.6% percent            6,018              33.81  
30 Year Treasury Up                         2 Basis Points              2.95 Annual Yield    
 
Home demand is hot, especially here in the Pacific Northwest.  The S&P/Case-Shiller 20-city index rose 5.9% in the three-months that ended in February compared to the same period a year ago, up from January’s 5.7% annual rate. This is the fastest pace since July 2014. The was up 0.4% for the month, or a seasonally adjusted 0.7%. Seattle led, up 1.9% for the month and 12.2% annually.  Portland was up 0.8% for the month and 9.7% for the year.
 
The dollar surged this morning against the Mexican peso after President Trump tweeted that he remains committed to building a wall along the Mexican border. The dollar rose 1.4% to 18.99, its strongest level in a month, after trading at 18.73 late Monday in New York. On Monday, Trump told a group of reporters that he would drop his demand that funding for the border wall be included in a bill that must be passed by the weekend to avert a government shutdown. Instead, he said, his administration will return to the issue in September.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/us-house-prices-show-no-sign-of-slowing-2017-04-25
http://www.marketwatch.com/story/mexican-peso-falls-to-1-month-low-as-trump-tweets-support-for-border-wall-2017-04-25?dist=markets’
 
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 4/24/2017

The KUIK Closing Market Report for Monday, April 24:
 
Markets were up.
 
Index Direction Change Units Index Time Change  
Dow Up                    216 points         20,764 2:29 PM    
S&P500 Up 1.1% percent           2,374        25.46  
Nasdaq Composite Up 1.2% percent           5,984        73.30  
30 Year Treasury Up                       4 basis points            2.93 Annual Yield    
 
Stocks rallied worldwide as French establishment favorite the left-wing 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, the conservative who hopes to take France out of both the European Union and the euro. The second round of voting will be on May 7.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/us-stocks-post-largest-gains-in-more-than-7-weeks-2017-04-24
 
For today’s Closing Market Report click to listen->

Morning Market Report 4/24/2017

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.
 
http://www.marketwatch.com/story/euro-jumps-to-5-month-high-in-french-election-relief-rally-2017-04-24
http://www.marketwatch.com/story/amazon-forms-team-to-leverage-driverless-car-technology-2017-04-24
http://www.marketwatch.com/story/shutdown-looms-as-trump-fights-democrats-over-border-wall-trump-to-unveil-tax-plan-principles-2017-04-24
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 4/21/2017

The KUIK Closing Market Report for Friday, April 21:
 
Markets were down.
 
Index Direction Change Units Index Time Change  
Dow Down                    (31) points         20,548 2:54 PM    
S&P500 Down -0.3% percent           2,349         (7.15)  
Nasdaq Composite Down -0.1% percent           5,911         (6.26)  
30 Year Treasury Unchanged                      –   basis points            2.89 Annual Yield    
 
President Trump signed three orders today designed to reduce tax and regulatory burdens, including a review of all major 2016 tax regulations. Treasury Secretary Steve Mnuchin stressed the review will be comprehensive but said inversions which are are when U.S. firms moved their legal addresses abroad to cut their tax bills through mergers with foreign companies will be “one of the significant things” the Treasury will look at. The other two orders review parts of Dodd Frank.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/corporate-inversion-rules-to-be-reviewed-under-trump-order-mnuchin-says-2017-04-21
 
For today’s Closing Market Report click to listen->

Market Update Report 4/21/2017

The KUIK Market Update for Friday, April 21:
 
Markets are down slightly.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Down                    (11)  points            20,569 8:02 AM    
S&P500 Down -0.2% percent             2,351        (4.47)  
Nasdaq Composite Down -0.2% percent             5,907        (9.38)  
30 Year Treasury Down                      (1) Basis Points               2.88 Annual Yield    
 
Budget director Mick Mulvaney said yesterday the administration plans to include $200 billion for new infrastructure spending in its full fiscal year 2018 budget. In a discussion at the Institute of International Finance, he said it will fund $1 trillion in projects if leveraged properly. He said there will not be any specific votes on spending until the fall.
 
IHS Markit said preliminary readings for both the manufacturing and service sides of the U.S. economy fell in April. The Markit flash U.S. manufacturing index slipped to 52.8 from March’s 53.3. Services fell slightly, to 52.5 from 52.8.  Reading over 50 indicate more survey responders believe business conditions are getting better instead of worse. Several measures have given the U.S. economy mixed signals.  Retail sales fell and hiring slowed in March, but layoffs are near a 45-year low, the number of job openings rose, and sales of previously owned homes touched a 10-year high.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/mulvaney-says-white-house-budget-will-include-200-billion-for-infrastructure-2017-04-20
http://www.marketwatch.com/story/us-economy-off-to-slow-start-in-spring-markit-finds-2017-04-21
 
 
 
For today’s Market Update Report click to listen->

Morning Market Report 4/21/2017

The KUIK Morning Market Report for Friday, April 21:
 
Markets are flat.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Down                        (3)  points            20,577 7:27 AM    
S&P500 Down -0.1% percent            2,354              (1.60)  
Nasdaq Composite Down 0.0% percent            5,917              (0.19)  
30 Year Treasury Down                        (2) Basis Points              2.87 Annual Yield    
 
Budget director Mick Mulvaney said yesterday the administration plans to include $200 billion for new infrastructure spending in its full fiscal year 2018 budget. In a discussion at the Institute of International Finance, he said it will fund $1 trillion in projects if leveraged properly. He said there will not be any specific votes on spending until the fall.
 
Existing-home sales ran at a seasonally adjusted annual rate of 5.71 million, a 4.4% monthly increase, according to the National Association of Realtors. That was the strongest selling pace since February 2007 and 5.9% higher than a year ago. That was better than the 5.63 million annual rate forcast by economists. Tight inventory is still the biggest factor. Supply is 6.6% lower compared to a year ago. There were 1.83 million homes for sale on the last day of the month, which represented 3.8 months of supply at March’s sales pace. Properties stayed on the market for only 34 days. The median sales price is $236,400. 6.8% higher than a year ago. 
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/mulvaney-says-white-house-budget-will-include-200-billion-for-infrastructure-2017-04-20
http://www.marketwatch.com/story/existing-home-sales-hit-a-10-year-high-in-march-as-homes-fly-off-the-market-2017-04-21
 
 
 
For today’s Morning Market Report click to listen->

Market Update Report 4/20/2017

The KUIK Market Update for Thursday, April 20:
 
Markets are up.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Up                     88  points            20,493 8:00 AM    
S&P500 Up 0.4% percent             2,347         8.35  
Nasdaq Composite Up 0.5% percent             5,890        27.11  
30 Year Treasury Up                       3 Basis Points               2.89 Annual Yield    
 
The Labor Department reports new claims for unemployment benefits rose by 10,000 to 244,000 last week.  It has been below 300,000 for 111 straight weeks. Continuing claims fell by 49,000 to 1.98 million. That’s the for the second month in a row they’ve been below 2 million during the current eight-year economic expansion.
 
Big fund managers are dropping their opposition to including domestic Chinese stocks in global indexes. BlackRock the world’s largest asset manager, said  it supports including mainland shares in MSCI benchmarks which are used by global money managers to guide trillions of dollars in investments. Deutsche Asset Management, one of the world’s biggest managers of exchange-traded funds, also said that from the ETF perspective there are no more technical problems with including China’s domestic equities, known as A-shares, in MSCI indexes.
 
Freddie Mac reports mortgage rates are down.  The 30-year fixed averaged 3.97% this week down from last week’s 4.08%. A year ago it was  3.59%.  The 15-year fixed averaged 3.23% down from  3.34%. A year ago it was 2.85%. 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/number-of-people-collecting-unemployment-checks-hits-17-year-low-jobless-claims-show-2017-04-20
http://www.marketwatch.com/story/vote-of-confidence-for-chinas-stock-market-blackrock-wants-to-include-mainland-shares-in-benchmarks-2017-04-20
http://www.freddiemac.com/pmms/
 
 
For today’s Market Update Report click to listen->

Morning Market Report 4/20/2017

The KUIK Morning Market Report for Thursday, April 20:
 
Markets are up.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Up                       46  points            20,453 7:15 AM    
S&P500 Up 0.4% percent            2,347               8.83  
Nasdaq Composite Up 0.5% percent            5,893              29.49  
30 Year Treasury Up                         2 Basis Points              2.88 Annual Yield    
 
The Philadelphia Fed reports its manufacturing index for April fell to 22.0 down from March’s 32.8. It hit a 33-year high of 43.3 in February. Any reading over zero indicates growth, and the bank called April’s reading “relatively high.” It was below expectations though, economists expected 25.5.  New orders and shipments fell, but number of employees and average workweek both rose.
 
The Labor Department reports new claims for unemployment benefits rose by 10,000 to 244,000 last week.  It has been below 300,000 for 111 straight weeks. Continuing claims fell by 49,000 to 1.98 million, for the second month in a row during the current eight-year economic expansion that they’ve been below 2 million.
 
Freddie Mac reports mortgage rates are down.  The 30-year fixed averaged 3.97% this week down from last week’s 4.08%. A year ago it was  3.59%.  The 15-year fixed averaged 3.23% down from  3.34%. A year ago it was 2.85%. 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/philadelphia-fed-factory-gauge-slides-again-from-33-year-high-but-remains-elevated-2017-04-20
http://www.marketwatch.com/story/number-of-people-collecting-unemployment-checks-hits-17-year-low-jobless-claims-show-2017-04-20
http://www.freddiemac.com/pmms/
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 4/19/2017

The KUIK Closing Market Report for Wednesday, April 19:
 
Markets were mixed.
 
Index Direction Change Units Index Time Change  
Dow Down                   (119) points         20,637 2:24 PM    
S&P500 Down -0.2% percent           2,338         (4.02)  
Nasdaq Composite Up 0.2% percent           5,863        13.56  
30 Year Treasury Up                       2 basis points            2.86 Annual Yield    
 
Tight labor markets are broadening wage gains but price pressures remain modest, according to the Federal Reserve’s Beige Book. It said “a larger number of firms mentioned high turnover rates and more difficulty retaining workers” and the 12 districts were split equally between modest and moderate growth.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/fed-beige-book-sees-wage-gains-but-only-modest-inflation-2017-04-19
 
For today’s Closing Market Report click to listen->

Market Update Report 4/19/2017

The KUIK Market Update for Wednesday, April 19:
 
Markets are mixed.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Down                    (17)  points            20,506 8:25 AM    
S&P500 Up 0.3% percent             2,350         7.31  
Nasdaq Composite Up 0.7% percent             5,891        41.05  
30 Year Treasury Up                       4 Basis Points               2.88 Annual Yield    
 
Investors in Asia cut their appetites for risk as geopolitical concerns weigh on markets. British Prime Minister Theresa May’s announcement of a general election in June, which is aimed at shoring up her mandate to take Britain out of the EU, added to worries about North Korea, Syria,  and Russia. In China, the Shanghai Composite fell 0.9% to a two-month low. Since Friday it has fallen more than 3%.
 
President Trump traveled to Kenosha, Wisconsin, headquarters of tool-maker Snap-on Inc. where he signed an executive order to review the skilled worker H-1B visa program and announced the goal to “buy American, hire American.”  The order sets up a review process of the progam and asks federal agencies to minimize waivers of Buy American policies. Government data released this week shows that the number of applicants for H-1B visas has fallen. The government admits 85,000 immigrants under the visa program each year.  Citizenship and Immigration Services said it received 199,000 applications for the fiscal year that began October 1. That was down from the 236,000 it received the year before.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/china-leads-broad-declines-in-asian-markets-2017-04-18?dist=markets
http://www.marketwatch.com/story/high-skills-visa-applications-drop-ahead-of-trump-move-to-limit-program-2017-04-18
 
 
 
For today’s Market Update Report click to listen->

Morning Market Report 4/19/2017

The KUIK Morning Market Report for Wednesday, April 19:
 
Markets are mixed.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Down                        (7)  points            20,516 7:19 AM    
S&P500 Up 0.4% percent            2,350               8.11  
Nasdaq Composite Up 0.6% percent            5,883              33.06  
30 Year Treasury Up                         4 Basis Points              2.88 Annual Yield    
 
Investors in Asia cut their appetites for risk as geopolitical concerns weigh on markets. British Prime Minister Theresa May’s announcement of a general election in June, which is aimed at shoring up her mandate to take Britain out of the EU, added to worries about North Korea, Syria,  and Russia. In China, the Shanghai Composite fell 0.9% to a two-month low. Since Friday it has fallen more than 3%. Australia’s S&Pfell 0.6%, while Japan’s Nikkei rose 0.1% after choppy trade, despite a softer yen. Korea’s Kospi fell 0.5%.
 
U.S. stocks are higher as investors assess mixed first-quarter earnings releases. Morgan Stanley is up 2.7% on earnings that topped expectations, but shares of IBM is down 5.2% after an earnings miss. 
 
June gold is off 1.1% to $1280 an ounce on the Comex. The Federal Reserve will release its beige book synopsis of economic conditions around the country on Wednesday at 11am Pacific time, ahead of its May 3 policy meeting.
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/china-leads-broad-declines-in-asian-markets-2017-04-18?dist=markets
http://www.marketwatch.com/story/us-stocks-open-higher-as-investors-focus-on-earnings-2017-04-19?dist=markets
http://www.marketwatch.com/story/gold-slides-as-dollar-recovers-but-geopolitics-keep-a-floor-under-metals-2017-04-19?dist=markets
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 4/18/2017

The KUIK Closing Market Report for Tuesday, April 18:
 
Markets were down.
 
Index Direction Change Units Index Time Change  
Dow Down                   (114) points         20,637 2:41 PM    
S&P500 Down -0.3% percent           2,342         (6.82)  
Nasdaq Composite Down -0.1% percent           5,849         (7.32)  
30 Year Treasury Down                      (7) basis points            2.84 Annual Yield    
 
In a letter to the General Accountability Office Democratic Senators Elizabeth Warren of Massachusetts, Tammy Duckworth of Illinois, and Al Franken of Minnesota, asked the government  to examine the scope and impact of tax-time financial products by companies such as Intuit, the parent of TurboTax and H&R Block, including whether fees they charge are “reasonable and transparent.” They also raised concerns about fees for refund-related products.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/elizabeth-warren-asks-for-probe-of-tax-time-financial-products-2017-04-18
 
For today’s Closing Market Report click to listen->

Market Update Report 4/18/2017

The KUIK Market Update for Tuesday, April 18:
 
Markets are down.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Down                    (99)  points            20,538 7:59 AM    
S&P500 Down -0.3% percent             2,342        (6.76)  
Nasdaq Composite Down -0.3% percent             5,842       (15.10)  
30 Year Treasury Down                      (4) Basis Points               2.87 Annual Yield    
 
The Commerce Department reports housing starts in March fell 6.8% to a seasonally adjusted annual rate of 1.22 million. That was 9.2% higher than a year ago, but below the  1.24 million expected by economists. But housing permits jumped 3.6% to a 1.26 million rate, suggesting stronger starts may be ahead. Permits were 17% higher than in March 2016.
 
Shares of Goldman Sachs are off 4.3%. That’s taken more than 50 points off the Dow Jones Industrial Average. The investment bank’s first-quarter results, fell short of Wall Street expectations. Shares of Johnson & Johnson Dow component, fell 3.4% after the company reported a drop in sales that offset stronger-than-expected profits. Those two companies were the biggest losers on the Dow.
 
The International Monetary Fund, in a report on the state of the global economy, nudged up its forecast for world growth this year a tenth of a percent to 3.5%, which will be the fastest rate in five years if correct.
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/housing-starts-fall-7-but-permits-pick-up-the-slack-in-march-2017-04-18
http://www.marketwatch.com/story/us-stocks-set-for-losses-as-french-election-jitters-weigh-on-markets-2017-04-18
http://www.marketwatch.com/story/imf-hikes-global-growth-forecast-despite-tensions-2017-04-18?mod=MW_story_latest_news
 
 
For today’s Market Update Report click to listen->

Morning Market Report 4/18/2017

The KUIK Morning Market Report for Tuesday, April 18:
 
Markets are down.
 
Index Direction Change Units Index Time Change  
Dow Jones Industrial Average Down                      (71)  points            20,566 7:05 AM    
S&P500 Down -0.2% percent            2,345              (4.17)  
Nasdaq Composite Down -0.1% percent            5,852              (5.27)  
30 Year Treasury Down                        (3) Basis Points              2.88 Annual Yield    
 
The Commerce Department reports housing starts in March fell 6.8% to a seasonally adjusted annual rate of 1.22 million. That was 9.2% higher than a year ago, but below the  1.24 million expected by economists. But housing permits jumped 3.6% to a 1.26 million rate, suggesting stronger starts may be ahead. Permits were 17% higher than in March 2016.
 
In a surprise move, U.K. Prime Minister Theresa May has announced plans for an early general election on June 8. In an unscheduled speech May said an election is needed because other parties in parliament are opposed to the Conservative-led government’s Brexit plans. May’s Conservativesy currently have a 17 member parliamentary majority. Since taking office last summer she has consistently ruled out a snap election. As recently as last month, her office said an early vote was off the table and there wasn’t going to be an election until the planned ballot in 2020.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/housing-starts-fall-7-but-permits-pick-up-the-slack-in-march-2017-04-18
http://www.marketwatch.com/story/uk-leader-theresa-may-calls-snap-general-election-on-june-8-2017-04-18
 
 
 
For today’s Morning Market Report click to listen->