Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, today is Sunday, February 1st, and I'm your host, Kim Kong.

This week brings another dose of the mega and the macro.

More mega-cap earnings arrive

alongside the January jobs report. Economists spec non-farm payrolls rose by $68,000 last month,

with the unemployment rate holding steady at 4.4%. But this time, the job numbers come with a twist.

The actual figures may play second fiddle to what new Fed share nominee Kevin Warsh has to say about them.

If payrolls come in hotter than expected, does he still stick to the White House script that rates need to come down?

Seeking Alpha Analysts, says the labor market could deteriorate rapidly from here,

with AI giving companies an option to increase layoffs and forego new hires.

They add that if the job market continues to

soften, it could ease inflation pressures through 2026 and give the Fed more room to cut than

some policymakers currently expect. Turning to the earnings calendar, two more mega caps are up this

week, Alphabet reports Wednesday, and Amazon reports Thursday. Amazon is expected to post

EPS of $1.94 on revenue of $211 billion or so,

and analysts are leaning toward the upside surprise. Seeking off analysts in Nova Capital says

AWS capacity additions, including more than a gigawatt in Q4, could help convert backlog into

revenue as AI infrastructure demand continues to outpace supply across regions.

Nova also points to Amazon's recent layoffs, roughly 10% of its corporate workforce,

as of another potential tailwind as the company shifts from high-cost labor toward AI-diver

and machine learning models. That theme is still echoing across big tech.

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