The Drama of Disney and The Activist Shareholder

I'm David Brancaccio in New York.

First, a big potential mover of markets comes tomorrow morning

with the government's numbers on hiring

plus the unemployment rate for the month of March. Let's get our weekly

consultation with Diane Swank. She's the chief economist at the audit tax and

advisory firm KPMG.

Diane, number of people on payrolls will be higher, but how much higher?

We're expecting to see about $220,000, which is a bit of a slowdown, but still very robust

job gains in the month of March. We're looking at

low-wage jobs are expected to pick up relative to high-wage jobs, health care

jobs in the entertainment sector recreation

those job openings picked up along with huge job openings at the state and local level

outside of education.

The public sector through state and local hires has been really a major

driver of employment gains for the last seven to eight months and I think that's something

that's been a big shift from what we saw earlier in the expansion

along with the gains in health care and leisure and hospitality.

Related to the strength of the economy, the chair of the Fed, Jerome Powell said yesterday on

inflation it's too soon to say whether the recent readings represent more than just

a bump his words, but he also had a second part there on a different topic. It was about Fed independence

during an election year. Powell said policy makers of the Fed serve long terms, not synchronized

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