3.8 • 950 Ratings
🗓️ 1 April 2022
⏱️ 8 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis. |
0:05.0 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
0:09.7 | Good morning and look out. Today is Friday, April 1 1st are top stories in the market today |
0:15.0 | stocks rise after worst quarter since pandemic rubles rebound and Ford and GM to |
0:21.0 | halt production. |
0:22.6 | Leading today's news, the second quarter is kicking off with a closely watched jobs report, |
0:27.7 | and strong numbers could give the Fed more impetus to continue on a rate hike cycle that it hopes will cool inflation. |
0:35.0 | Non-farm payrolls are expected to show 49,000 jobs added in March following a 678,000 gain in February. |
0:44.0 | The unemployment rate is expected to fall a bit to 3.7% from 3.8, |
0:49.0 | while wages are forecast to rise 0.4% month over month and 5.5% year over year. |
0:55.4 | Positive jobs growth in March would mark the 14th consecutive month of expansion |
1:00.4 | for the U.S. workforce and would bring the level of employed Americans closer to |
1:05.0 | pre-pandemic levels. Non-farm employment is now only down by about 2 million |
1:09.7 | payrolls or 1.4 percent compared to its 152 million level notched in February 2020. |
1:17.0 | At the height of the COVID employment crisis, in April of that year, non-farm payrolls |
1:22.0 | slum to 130 million nationwide. |
1:24.5 | Marvin Lowe, senior global macro strategists at State Street, |
1:28.0 | said transportation still seems to be pretty hot, |
1:31.2 | certainly the hospitality sector, but over the last couple of months it's been pretty |
1:35.2 | widespread. We're seeing jobs gains across most of the job sectors. I would look at retail because |
1:40.7 | when you get these higher gas prices it's the consumption |
1:43.7 | categories that get hit first. Futures link to the major indices are around |
... |
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