Morning Market Report 9/5/2014

The KUIK Morning Market Report for Friday, September 5:
Markets are flat.
Index Direction Change Units Time Change
Dow Down                    (26) points           17,044 7:05 AM
S&P500 Down -0.1% percent             1,995            (2.19)
Nasdaq Composite Down 0.0% percent             4,561            (0.81)
30 Year Treasury Down                      (1) Basis Points               3.19 Annual Yield
A disappointing report from the Labor Department.  Hiring in the US slowed in August as the economy created just 142,000 jobs, for the smallest gain since December. The slowdown ended a six-month streak in which the U.S. added at least 200,000 jobs a month, the best stretch of job creation since 2006. The number created also fell short of Wall Street’s forecast of 228,000. The dropoff stemmed in large part from a decline in jobs in the retail and auto sectors. with retail down by 8,000 and the auto industry off  5,000. The unemployment rate fell slightly to 6.1% and the labor force participation rate fell to 62.8% from 62.9% to match a 26-year low.
 Senate Democrats are pressuring President Barack Obama to slow down on immigration reform, Politico writes, diminishing the chances he will take sweeping administrative action before Election Day.  Democratic incumbents in this year’s most competitive Senate races have already voiced concern, but calls from others to hold off suggest Democrats are getting more anxious about the decision and its affect on control of the Senate.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/hiring-slows-as-us-adds-142000-jobs-in-august-2014-09-05
http://blogs.marketwatch.com/capitolreport/2014/09/05/senate-democrats-urge-obama-to-delay-immigration-order/
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