| The KUIK Morning Market Report for Wednesday, December 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 4 | points | 17,884 | 6:58 AM | ||
| S&P500 | Up | 0.2% | percent | 2,070 | 3.24 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,755 | (1.12) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.01 | Annual Yield | ||
| ADP reports that private-sector employers added a seasonally adjusted 208,000 jobs in November, the fewest since August. Economists expected 223,000. But it was the third month in a row with job gains of at least 200,000. | |||||||
| The Labor Department reports U.S. companies and workers were more productive in the third quarter than initially reported, but labor costs fell sharply for the second straight time in a sign that wages continue to lag behind. Productivity grew at a revised 2.3% annual pace instead of a previously reports 2%. The increase in output of goods and services was raised to 4.9% up from 4.4% and hours worked were revised up to 2.5% from 2.3%. Labor costs for the second quarter were revised to show a 3.7% decrease a much larger decline than the previously reported 0.5% drop. | |||||||
| Congress looks set to avert a clash over tax policy with a temporary patch to reinstate many breaks that expired earlier this year. A Republican House bill set for a vote today includes more than 50 provisions. Lawmakers from both parties had pushed for a longer-term deal, but that drive collapsed last week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-hiring-slowest-in-three-months-adp-says-2014-12-03 | |||||||
| http://www.marketwatch.com/story/us-productivity-gain-in-third-quarter-raised-to-23-from-2-2014-12-03 | |||||||
| http://www.marketwatch.com/story/congress-poised-to-reinstate-some-tax-breaks-2014-12-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||