Morning Market Report 8/8/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Friday, August 8:
Markets are up.
Index	Direction	Change	Units	Time	Change
Dow	Up	20	points	16,388	6:59 AM
S&P500	Up	0.2%	percent	1,912	2.86
Nasdaq Composite	Up	0.1%	percent	4,340	5.05
30 Year Treasury	Down	(3)	Basis Points	3.21	Annual Yield
Stock futures fell in early premarket trade but the flight to safe-haven assets receded after Russian news agency RIA said Russia is seeking to de-escalate tensions with Ukraine. The Pentagon announced that U.S. Air Force has hit ISIL artillery with airstrikes. The artillery was firing against Kurdish forces defending Erbil, in Iraq.
The Labor Department reports US labor productivity in the second quarter increased 2.5%, compared with a revised 4.5% drop in the first quarter that was the lowest since the first quarter of 1981. Economists expected only a 1.7% gain.
The World Health Organization reports that the worst Ebola outbreak on record is a public health emergency that threatens nations outside the four in West Africa where the virus is spreading, Those four are Guinea, Sierra Leone, Liberia, and Nigeria. The Geneva-based United Nations health agency stopped short of recommending a general travel and trade ban, saying only that infected people shouldn’t cross borders except as part of an official medical evacuation. Affected countries should work with airlines to ensure proper care for crews based there and enable quick identification of passengers who may have had contact with infected people.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-stocks-futures-feel-the-weight-of-geopolitical-worries-2014-08-08?dist=markets
http://www.marketwatch.com/story/us-productivity-rebounds-modestly-in-second-quarter-2014-08-08
http://www.bloomberg.com/news/2014-08-08/ebola-outbreak-is-public-health-risk-to-other-nations.html
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