Headlines -- Morning Edition -- August 5

By Steve Cook
All American Investor

As reflected in yesterday’s Morning Call, ADP reported a positive employment number--but this is a secondary indicator and frequently deviates significantly from the Labor Department stat.

However, because there was no other economic data reported yesterday, the ADP report got more air time than it deserved. On the other hand, it set up the nonfarm payrolls figure which gets reported Friday morning and, as has been the case for the last two years, is widely anticipated.