| The KUIK Morning Market Report for Thursday, August 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 40 | points | 15,510 | 7:01 AM | ||
| S&P500 | Up | 0.35% | percent | 1,697 | 5.92 | ||
| Nasdaq Composite | Up | 0.29% | percent | 3,665 | |||
| 30 Year Treasury | Down | (2) | Basis Points | 3.66 | Annual Yield | ||
| Meat prices are up on the news that Tyson Foods will no longer accept cattle that have been fed the Zilmax feed additive. It’s used to boost the lean muscle mass in livestock and the ban will be effective Sept 6 reducing the amount of meat produced from each animal compared to those that are fed the additive. The company said its decision was based on animal welfare issues. October cattle futures were last limit up 3.0 cents a pound, or 2.4%. | |||||||
| The number of applications for new unemployment benefits rose by 5,000 to 333,000 in the week ended Aug. 3, but the level of initial claims remained close to a five-year low. Economists surveyed by MarketWatch expected 339,000 on a seasonally adjusted basis. | |||||||
| China reported much better than expected trade results for July, marking a sharp recovery from June. Chinese trade data showed exports rising 5.1% from a year earlier, moving up from June’s 3.1% fall. Imports, which had dropped 0.7% in June, showed a 10.9% jump for July. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-cattle-futures-soar-on-tyson-decision-2013-08-08 | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-rise-5000-to-333000-2013-08-08 | |||||||
| http://www.marketwatch.com/story/china-exports-imports-rebound-sharply-in-july-2013-08-08 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||