1. US jobs report: The American jobs market is very strong. But how much longer can that last? The latest update set to be published at 8:30 a.m. ET will show a healthy 185,000 jobs added in April, according to economists surveyed by Refinitiv. The unemployment rate is expected to remain at 3.8%.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +60.00 | | +39.50 | | +8.25 | | +0.23% | | +0.51% | | +0.28% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -48.85 | | +15.84 | | +56.07 | | 22,258.73 | | 3,078.34 | | 7,407.38 | | -0.22% | | +0.52% | | +0.76% | | | |
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| Biggest Winners | | Amazon.com Inc | +2.11% | | | | Dentsply Sirona Inc | +1.94% | | | | TripAdvisor Inc | +1.83% | | | | Bristol-Myers Squibb Co | +1.54% | | | Biggest Losers | | Arista Networks Inc | -13.80% | | | | Cognizant Technology Solutions Corp | -6.70% | | | | Activision Blizzard Inc | -4.74% | | | | Fortinet Inc | -3.94% | | | | | | | | |
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| News: What you need to know about the markets | | | | | | | US jobs report; Buffett likes Amazon; Adidas accelerates | | By Charles Riley, CNN Business | | | | 1. US jobs report: The American jobs market is very strong. But how much longer can that last? | | | | The latest update set to be published at 8:30 a.m. ET will show a healthy 185,000 jobs added in April, according to economists surveyed by Refinitiv. The unemployment rate is expected to remain at 3.8%. | | | | Mark Zandi, chief economist for Moody's Analytics, said despite recent strength, hiring is slowing down. | | | | "It's a solid pace of growth. But the rate of growth is slowing," he told CNN Business. In 2018, the average gain was nearly 225,000 jobs a month. So far this year, it's about 180,000. | | | | Zandi thinks the slowdown will continue. | | | | "When you cut through the noise and volatility and you look out a year or two from now, it'll be below 100,000 a month," he said. | | | | 2. Buffett likes Amazon: Warren Buffett has said for years that "we missed it" on Amazon. Not anymore. | | | | Buffett revealed on Thursday that Berkshire Hathaway has been buying Amazon shares, noting that the details will be disclosed in a report to the Securities and Exchange Commission later this month. | | | | "One of the fellows in the office that manage money ... bought some Amazon," Buffett told CNBC, referring to investment managers Ted Weschler and Todd Combs. | | | | Buffett has made no secret of his admiration for Amazon and Jeff Bezos, repeatedly praising the company and its chief executive during previous annual meetings of Berkshire Hathaway shareholders. | | | | "Yeah, I've been a fan, and I've been an idiot for not buying [Amazon]," Buffett told CNBC. Berkshire Hathaway's next annual meeting is Saturday in Omaha, Nebraska. | | | | 3. European results: Shares in HSBC, Europe's largest bank by assets, rose more than 2% in London after it posted a 31% jump in profit. The increase was powered by retail banking and wealth management, while its trading business struggled. | | | | France's Societe Generale reported that its profits fell 26% to €631 million ($705 million) in the first quarter. The bank announced last month that it would cut 1,600 jobs as part of a turnaround plan. | | | | Shares in Adidas advanced 7% in Frankfurt to a record high after the sportswear maker reported a 17% increase in first quarter operating profits. The company said online sales were up 40%. | | | | 4. Global market overview: US stock futures were higher. | | | | European markets opened mixed. Most stocks markets in Asia closed out the week with gains. | | | | US stocks ended lower on Thursday. Then Dow shed 0.5%, while the S&P 500 and Nasdaq declined 0.2%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. More earnings: DISH Network, Fiat Chrysler and Newell Brands will release earnings before the open. | | | | | | | |
| | | | | | | Friday — US jobs report; Eurozone inflation; Fiat Chrysler earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $61.87 | +0.06 / +0.10% | | | Gold | $1,271.80 | -0.20 / -0.02% | | | 10-yr | 2.55% | +0.04 | | | Euro | $1.12 | -0.00 / -0.13% | | | |
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