ISM services down but still growing. ADP jobs solid at 179k. Lockhart hints at hikes, blah, blah. Gross and Gundlach go all Chicken Little. Bank of England cuts tomorrow. Mortgage rates are low; nobody cares. Bitcoin heist. Wal-Mart buying Jet.com – poof. Time Warner encourages cord cutters. The Olympics have started. Financial Review by Sinclair Noe for 08-03-2016 DOW + 41 = 18,355 SPX + 6 = 2163 NAS + 22 = 2159 10 Y + .02 = 1.55% OIL + 1.64 = 41.15 GOLD – 5.10 = 1358.70 US services companies expanded more gradually in July, with job gains slowing in a key gauge of economic growth. The Institute for Supply Management says its non-manufacturing index fell to 55.5 in July from 56.5 in June, although any reading above 50 signals growth. New orders increased over the past month, while the index’s employment and production measures remained positive but downshifted. The ISM services index has shown growth for 78 straight months. Friday morning we will cover the government’s update on non-farm payrolls for July – the monthly jobs report. This morning we saw a preview (of sorts) as ADP reports private-sector hiring held steady in July, and employers added 179,000 jobs in July after a revised 176,000 job gains in the prior month. Most estimates for the Friday Jobs Report are running around 185,000 new jobs. If the labor market is able to build on its recent strength, it could make the case for the Federal Reserve ...