What to look for in the Big Jobs Report heading this way. I'm David Brancaccio in Los Angeles. We'll get the big hiring and unemployment reports for April in about an hour and a half among the forecasters for this, friend of this program, Diane, Chief Economist at the Audit Tax and Advisory firm, KPMG. Hey, Diane. Good morning.

All right, GDP had a lot of noise in it, gross domestic product earlier this week. I'm interested in who's getting jobs and at what rate. What do you think we'll see today?

Well, I think we're going to see something around $130,000. The underlying pattern, though, is that we're looking for things to weaken, and we're starting to see that in some of the news headlines as well as companies start to tighten their belt as they deal with the blow of the margin pressure from tariffs.

We get two reports later today. One is they count up payrolls, but the other one is they go essentially

house to house asking if people were employed or not. That's not the entire month. There's a period in which

they actually do the survey. How did that line up with the dramatic announcement that some of the

tariffs would not happen as announced? Well, the week of the survey is the week of April 12th, and so we saw a lot of whiplash.

We saw the initial tariffs announced on April 2nd and then a pause about a week later during this survey week.

So there was a lot of turbulence in the headlines during this week of the survey.

What's important is whoever was getting a paycheck

in that week will count as getting a new job or a net, but that even if you were laid off after

that, you wouldn't count until May. Diane Swank, Chief Economist at KPMG, thank you for this.

Thank you. The U.S. Chamber of Commerce has sent an open letter to President Trump, arguing tariffs, pose a, quote, significant risk to jobs and may soon do, quote, irreparable harm to many small businesses. The Chamber, which lobbies for firms large and small, is urging the White House to lift tariffs on items it says can't be

made in the U.S. and to automatically exempt small companies, marketplaces Samantha Fields,

has more.

Nicola Perry has been running her British restaurant and shop tea and sympathy in New York City for

more than 30 years. She imports almost everything, baked beans, clotted cream, teas, tea pots.

We've already had lots of emails from purveyors saying the prices are going to go up because of the tariffs.

Which means she'll have to raise prices for her customers. She plans on telling them why.

Sorry, guys, but the tariffs is costing us X amount. So we're sharing it out amongst everybody.

Otherwise, we won't be here.

In Brooklyn, Mitchell Spitzik is worried his shop, Little Things Toy Store, might not be there much longer.

...