Morning Market Report 7/8/2014

July 8, 2014
The KUIK Morning Market Report for Tuesday, July 8:
Markets are down.
Index Direction Change Units Time Change
Dow Down                    (95) points           16,929 6:56 AM
S&P500 Down -0.5% percent             1,967           (10.68)
Nasdaq Composite Down -0.9% percent             4,411           (40.26)
30 Year Treasury Down                      (4) Basis Points               3.40 Annual Yield
The National Federation of Independent Business said its small-business optimism index fell 1.6 points to 95, as six of 10 components fell and only two rose. Those who expect the economy to improve dropped 10 points to a net negative 10 reading, for the biggest shift. The two jobs components (those that plan to increase employment and current job openings) both rose.
The declining ability to buy and sell securities in the market is one of the most important risks facing investors, according to Mohamed El-Erian. In an interview on CNBC today, the former Pimco chief executive said he believes it will become more difficult to find dealers and other intermediaries to buy and sell investments as investment banks reduce their inventory of securities in which they make markets.
European stock markets declined for a third straight day today, after weak trade data from Germany showed both exports and imports fell in May, evidence that economic activity in the country is sloweing down. The Stoxx Europe 600 index dropped 0.6% to 342.68, for the lowest closing level in July. Germany’s DAX 30 index fell 0.5% to 9,852.59.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/small-business-optimism-index-drops-in-june-nfib-2014-07-08
http://www.marketwatch.com/story/el-erian-liquidity-may-be-most-mispriced-market-risk-2014-07-08?dist=markets
http://www.marketwatch.com/story/european-stocks-slide-for-third-day-after-weak-german-data-2014-07-08?dist=markets
For today’s Morning Market Report click to listen->