Jobs and CES lead another shortened week
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 5 January 2025
⏱️ 7 minutes
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Earnings Calendar
Dividend Roundup
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's |
| 0:09.9 | market-moving events, along with the weekend's top news and analysis. |
| 0:14.7 | Hello, today is Sunday, January 5th, and I'm your host, Kim Khan. |
| 0:18.6 | Wall Street heads for a rare third short short, and trading week in a row. |
| 0:21.9 | The stock market will be closed on Thursday, January 9th, along with federal agencies, |
| 0:26.2 | for former President Jimmy Carter State Funeral and a National Day of Morning. |
| 0:30.3 | Most bond markets will close early at 2 p.m. Eastern Time, as advised by the Securities Industry |
| 0:35.3 | and Financial Markets Association. |
| 0:40.3 | While not a full week, it's a busy one, starting with the labor market. |
| 0:45.2 | Given the timing of the New Year's Day holiday, the December Jobs report was delayed until the 10th of the month. |
| 0:50.2 | In the lead-up to the report on Friday, will be the latest job openings figures in the Joltz report on Tuesday, |
| 0:54.6 | the ADP Private Payrolls report on Wednesday, along with the weekly jobless claim figures a day early due to federal offices being closed on Thursday. When the big numbers arrive, |
| 1:00.0 | economists are expecting a gain of about 150,000 in non-farm payrolls, with the unemployment |
| 1:04.6 | rate staying at 4.2 percent, and average hourly earnings up 0.3%. Analysts at Numura, who |
| 1:10.7 | expect a rise of 180,000 in payrolls, |
| 1:13.1 | say the survey data suggests the labor market is improving, |
| 1:16.3 | and we expect additional strength in the retail and construction sectors. |
| 1:19.8 | The unemployment rate likely moved lower, but remained at 4.2% in rounded terms. |
| 1:24.7 | Weakness in the household survey's measure of job finding |
| 1:27.1 | has not been consistent |
| 1:28.2 | with broader labor data leading us to expect a stabilization. A weaker print could provide some |
| 1:33.7 | juice to equities by giving the Fed a little more breathing room for its next cut. The recent |
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