| The KUIK Morning Market Report for Wednesday, November 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (11) | points | 17,907 | 7:04 AM | ||
| S&P500 | Down | -0.1% | percent | 2,107 | (3.01) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,140 | (4.63) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.98 | Annual Yield | ||
| ADP reports private employers added 182,000 jobs in October and it revised September’s gain down to 190,000 from a prior estimate of 200,000. The Labor Department’s employment report will be released Friday and includes government and private sector jobs. Economists expect the government’s report to show that nonfarm payroll rose by a 177,000 jobs last month, up from 142,000 in September. | |||||||
| Democratic members of the House Oversight Committee called on Chairman Jason Chaffetz to hold a hearing with J. Michael Pearson of Valeant Pharmaceuticals and Martin Shkreli of Turing Pharmaceuticals to investigate the dramatic price increases of some prescription drugs. In a letter to Chaffetz the members asked Chaffetz to not stand in the way of issuing subpoenas to the two men. Executives at both companies have rejected earlier requests from ranking member Democrat Elijah Cummings to produce information about the price increases. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-job-gains-slow-a-bit-to-182000-jobs-in-september-adp-2015-11-04 | |||||||
| http://www.marketwatch.com/story/democrats-call-for-subpoena-of-valeants-pearson-and-turings-shkreli-2015-11-04 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||