Thanks for

joining us today. I'm Julie Morgan host of Wall Street Breakfast,

Seeking Alpha's Daily flagship podcast. This is our weekly show all about the

catalyst for the upcoming week. I'm joined by Kim Khan.

He's the senior executive editor at Seeking Alpha

and the host of our new afternoon show, Wall Street Lunch.

So Kim next week, one of the Fed's favorite numbers that's

coming out and we also have the jobs numbers right? Yeah, they're sneaking in

the payroll's report because next Friday is September 1st so they're just getting it in and under the wire and it should be interesting because it's the second payrolls report that the Fed's getting before it makes its next decision.

We're recording this before Fed Chief Powell speaks at Jackson Hole,

so we don't know if he's kind of made any red flags

or tanked the market.

But overall, it's looking like a fairly fed-friendly number. The consensus is for

non-farm payrolls to rise by 160,000 and for the unemployment rate to tick up to 3.6 percent. Both would be in the right direction for what the Fed wants to see in a softening of the labor market.

The problem that you do have is that the data we're getting already from the jobless claims is showing some strength in the labor market.

Jobless claims are falling, they're coming back to trend, and you know that could indicate that you're just going to have a steady

200,000 plus or minus non-for payroll's reports

through the rest of the year, which wouldn't make much of an impression on the labor market

and wouldn't give the Fed kind of more impetus to say okay maybe we can bring cuts a little

closer. Now what about the core PC price index? Yeah we also have next week one of the

feds or the Fed's favorite inflation gauge which is the core PCE price index and

Met's expected to show a little rise in core inflation to an annual rate of 4.2%.

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