16 January 2019

1) China releases data showing a further slowdown of their economy, with consumer spending retreating as people buy less. They reduced their forecast for their 2019 GDP.

2) The British parliament voted to reject the Brexit plan by 432 to 202. With just ten weeks before Britain exits the EU, concerns for the British economy are growing. Britain exits the EU on 29th of March, with the exit agreement having taken two and a half years to negociate. Prime Minister May’s future is in doubt with an upcoming no confidence vote likely soon.

3) It’s estimated there is a 0.1% drop in the economy for every week of government shutdown. Job expansion is threaten as workers are dropped off the payrolls.

4) 15 JAN 19 Stock market closings: Netflix pushed the markets up with their announcement they are raising their rates.

 Dow                      24,065.59   up   155.75
Nasdaq                    7,023.83   up   117.92
S&P 500                   2,610.30   up      27.69

10 Year Yield:   up   at   2.71%

Oil:   down   at   $51.91

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