The Week Ahead: March Jobs Report & Auto Sales
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 2 April 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
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Show Links:
Stocks to Watch:
https://seekingalpha.com/article/4591597-stocks-to-watch-counting-cars-time-for-tesla-rivian-gm-ford-and-nio
Catalyst Watch:
https://seekingalpha.com/news/3953276-catalyst-watch-tesla-deliveries-walmart-event-and-jobs-report-headline-big-week?hasComeFromMpArticle=false
Quick Dividend Stock Picks:
https://seekingalpha.com/dividends/dividend-quick-picks?hasComeFromMpArticle=false
Box Office Preview:
https://seekingalpha.com/news/3953358-dungeons-dragons-takes-its-game-to-the-movie-theaters?hasComeFromMpArticle=false
Netflix Scaling Back Movies:
https://seekingalpha.com/news/3953150-netflix-reportedly-scaling-back-movie-development-amid-restructuring
Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover top news for investors every morning. |
| 0:08.0 | Good morning. Today is Sunday, April 2nd. Welcome to this edition of Wall Street Breakfast. I'm Lauren Izo. |
| 0:15.0 | Here's what's coming up on today's show. The March jobs report will be the most watched news of the week. |
| 0:21.0 | The first few days of April will see a major focus on auto sales and |
| 0:25.0 | deliveries numbers with reports expected from General Motors Toyota and Tesla and |
| 0:30.5 | Netflix is reportedly scaling back movie development. |
| 0:35.0 | Let's get started, but before we get to our top stories, |
| 0:38.0 | let's take a look at what's expected in the markets this week. |
| 0:41.0 | The week begins with a focus on the energy sector as the OPEC Joint Ministerial |
| 0:46.6 | Monitoring Committee meets to discuss oil production. |
| 0:50.2 | The committee pledged to cut overall output by 2 million barrels per day at its last meeting in February |
| 0:56.5 | and is largely expected to hold that line. The earnings slate is razor thin in the week ahead with reports only from constellation |
| 1:05.3 | brands, conagra brands, and Levi Strauss standing out. |
| 1:09.5 | However, Walmart's annual investor community meeting and a flurry of auto sales and |
| 1:14.5 | deliveries reports from Tesla Rivian Automotive General Motors and |
| 1:18.5 | Chinese Electric Vehicle Makers Neo XP, and Lee Auto have the potential to create some sparks |
| 1:25.9 | as investors weigh the impact of price cuts and rising competition. |
| 1:30.4 | The March jobs report is on the economic calendar. We will get to that next. |
| 1:35.0 | Let's get to our top stories. |
| 1:37.0 | That March jobs report will be the most watched report of the week. |
| 1:41.0 | It's released on April 6th with the U.S. stock markets closed that day. |
| 1:46.0 | Non-farm payrolls are expected to rise by 240,000 after a 311,000 increase in February and the 517,000 jump in January. |
... |
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