Morning Market Report 6/4/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, June 4:
Markets are down.
Index	Direction	Change	Units	Time	Change
Dow	Down	(18)	points	16,705	7:02 AM
S&P500	Down	-0.1%	percent	1,923	(1.57)
Nasdaq Composite	Down	0.0%	percent	4,233	(1.23)
30 Year Treasury	Down	(0)	Basis Points	3.43	Annual Yield
ADP reports private sector employers added just 179,000 jobs in May — the fewest new positions since January — down from 215,000 in April. Economists polled by Dow Jones expected a May gain of 210,000, compared with an original estimate 220,000 jobs in April.
The nation’s trade gap widened to $47.2 billion in April, according to the Commerce Department. That was higher than the $41 billion forecast of economists surveyed by MarketWatch. The U.S. trade deficit with the EU rose to an unadjusted $14 billion in April from $11.5 billion in March. The trade deficits with China and the OPEC also increased. The gap with China jumped to an unadjusted $27.3 billion from $20.4 billion. The deficit with OPEC rose to $6.7 billion from $5.2 billion.
The Labor Department reports U.S. productivity in the first quarter declined at a 3.2% annual rate – the worst in six years – as workers spent more time on the job producing fewer goods during severe weather. The loss in productivity is likely to be reversed in the second quarter. Output of goods and services dropped 1.1% during the January-to-March period instead of rising 0.3% as originally reported.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/private-sector-adds-fewest-jobs-in-four-months-2014-06-04
http://www.marketwatch.com/story/us-trade-deficit-in-april-hits-two-year-high-2014-06-04
http://www.marketwatch.com/story/us-productivity-falls-32-in-brutally-cold-first-quarter-2014-06-04
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