| The KUIK Morning Market Report for Friday, August 2: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (51) | points | 15,577 | 7:03 AM | ||
| S&P500 | Down | -0.30% | percent | 1,702 | (5.16) | ||
| Nasdaq Composite | Down | -0.24% | percent | 3,667 | |||
| 30 Year Treasury | Down | (7) | Basis Points | 3.70 | Annual Yield | ||
| The Department of Labor reports the unemployment rate fell to 7.4% in July, lowest level since December 2008, but the economy gained only 162,000 jobs last month, a sign that the economy is still struggling to break out of a slow-growth phase. | |||||||
| Gold nearly erased a loss of $25 to move back above the key $1,300-an-ounce level after that payrolls report because plans for the Federal Reserve to taper its bond-buying could be pushed further out. December gold was off $1.60 to $1309.60 an ounce on the Comex. | |||||||
| Test tube beef makes its debut on Monday in London. The first-ever burger made entirely from the synthetic meat will be cooked and served to a hand-picked crowd at a top-secret location in London. The 5-ounce hamburger will be made entirely of beef cultivated by Prof. Mark Post. The Maastricht University tissue-engineering researcher has been working for two years on the project, which uses stem cells collected from meat processing plants. You always knew your school lunches were ahead of their time. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/162000-jobs-created-in-us-during-july-2013-08-02 | |||||||
| http://www.marketwatch.com/story/gold-heads-for-weekly-decline-as-jobs-data-loom-2013-08-02?dist=markets | |||||||
| http://blogs.marketwatch.com/thetell/2013/08/02/chew-on-this-the-worlds-first-test-tube-burger-to-be-munched-in-london/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||