| The KUIK Morning Market Report for Wednesday, August 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 60 | points | 17,611 | 6:58 AM | ||
| S&P500 | Up | 0.7% | percent | 2,108 | 14.48 | ||
| Nasdaq Composite | Up | 1.1% | percent | 5,160 | 54.26 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.94 | Annual Yield | ||
| Employers added 185,000 private sector jobs in July, according to ADP. ADP revised June’s gain down slightly to 229,000 from a prior estimate of 237,000. The Labor Department’s employment report will be released Friday and covers both government and private sector jobs. Economists that report to show that nonfarm payroll rose by a 215,000 jobs last month, down from 223,000 in June. | |||||||
| In June, the US posted a record trade deficit in goods with Europe according to the Commerce Department. The overall trade deficit, which includes goods and services, climbed 7.1% to a seasonally adjusted $43.8 billion in June. That was most due to an all-time high in imports of autos, drugs, and commercial aircraft, from Europe, cheaper because of a weak euro. The goods deficit with the EU jumped 16% in June to an unadjusted $14.5 billion. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-jobs-at-slower-pace-in-july-adp-2015-08-05 | |||||||
| http://www.marketwatch.com/story/us-trade-gap-with-europe-soars-to-record-amid-greek-crisis-2015-08-05 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||