Stocks fell after Friday’s jobs report, which showed the U.S. unexpectedly lost jobs in February. The Dow industrials dropped about 550 points, with the S&P 500 and Nasdaq both down about 1%. https://t.co/PUrKhkKpIc ...

The U.S. economy lost 92,000 jobs last month after economists initially predicted a gain of 50,000. MS NOW: My Source for News, Opinion, and the World. » Subscribe to MS NOW: https://www.youtube.com/@msnow MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/ #economy #jobs #jobsreport ...

Oil Market - Kuwait is cutting oil production due to a lack of storage capacity for crude oil, with current prices at $87 to $88 per barrel [1] Employment Data - The February jobs report showed a loss of 92,000 jobs, with the unemployment rate rising to 4.4%, contrary to expectations of job growth [2][3] - Economists had predicted an addition of 59,000 jobs, but significant losses were noted in healthcare (28,000 jobs), leisure and hospitality (27,000), construction (11,000), and manufacturing (12,000) [2][3] - Revisions to previous months indicated 69,000 fewer jobs created than initially reported, with December and January seeing downward adjustments of 65,000 and 4,000 jobs respectively [3][13] Sector Analysis - Retail trade was a rare positive, adding 2,300 jobs [3] - Foreign-born workers lost 519,000 jobs, while native-born workers gained 128,000 jobs, indicating a shift in the labor market [4][9] Government Response - The Labor Secretary acknowledged the disappointing job numbers but emphasized ongoing efforts to improve the situation, including investments in workforce training and addressing job losses in construction and manufacturing [6][12] - The administration is focused on creating private sector jobs and ensuring a skilled workforce, with ongoing discussions about labor market demands [10][12] Future Outlook - There is hope for job recovery in the coming months, with a total of 60,000 jobs added over the last two months despite the recent downturn [7][12] - The administration aims to enhance the accuracy of job reporting through the Bureau of Labor Statistics, which is expected to improve under new leadership [15]

Here are the key takeaways from the US jobs report for February https://t.co/kRgV9bjbec ...

Odds of an April rate cut jump to 17% after today's weak jobs report https://t.co/tGefCs58dL ...

VONNIE: IT IS A 5:00 A. M. IN NEW YORK CITY.I AM VONNIE QUINN WITH YOUR "BLOOMBERG BRIEF." THE WAR WAGES -- RAGES ON. ISRAEL RESUME STRIKES. OIL MARCHING HIGHER.CRUDE ON TRACK FOR ITS BIGGEST WEEKLY SURGE SINCE 2022 AS THE WHITE HOUSE LAYS ALL OPTIONS ON THE TABLE TO OBTAIN PRICES. AND IT IS JOBS DAY. GASOLINE PRICES HIT THEIR HIGHEST IN 18 MONTHS.THE EIGHTH DAY OF THE WAR. LET'S LOOK AT THESE MARKETS, PARTICULARLY OIL. LOOKING AT NEW YORK CRUDE, ALMOST AT $85 A BARREL.THAT MEANS BRENT CRUDE IS HIGHER AGAIN ...

Core Viewpoint - Precious metals are experiencing a slight increase, with market participants closely monitoring employment data for potential impacts on economic conditions and monetary policy [1] Group 1: Precious Metals Market - The prices of precious metals have ticked up, indicating a potential shift in market sentiment [1] - Investors are particularly focused on upcoming employment data, which could influence the Federal Reserve's decisions regarding interest rates [1] Group 2: Economic Indicators - Employment data is expected to provide insights into the strength of the labor market, which is a critical factor for economic growth [1] - Changes in employment figures may lead to adjustments in monetary policy, affecting the overall market environment for precious metals [1]

Market Overview - US futures showed modest positivity in early morning trading, with the Dow Jones futures up 0.1%, indicating potential further record territory [1] - S&P 500 futures also increased by 0.1%, while Nasdaq 100 futures rose by 0.2% [2] Previous Market Performance - The Dow achieved its third consecutive record close, finishing up 52 points or 0.1% at 50,188 [3] - In contrast, the S&P 500 fell by 0.3% to 6,942, the Nasdaq decreased by 0.6% to 23,102, and the Russell 2000 lost 0.4% to close at 2,679 [3] Economic Indicators - The market is awaiting the delayed January non-farm payrolls (NFP) report, expected to show an increase of 66,000 jobs, up from 50,000 in December [7] - The dollar index (DXY) was down 0.1% at 96.72, reflecting a softer dollar ahead of the jobs report [5] Commodity Prices - Crude oil prices strengthened, rising by 2.1% to $65.32 per barrel of West Texas Intermediate [6] - Precious metals such as gold, silver, and copper also saw price increases [6] Analyst Insights - Market analysts suggest that a weak jobs report could influence Federal Reserve policy, with a 40% chance of an interest rate cut in March or April being priced in by the markets [7] - There is a noted divergence between the strong GDP growth rate of 4.4% for Q3 and the weakness in the jobs market, indicating potential economic concerns [8] - A weak NFP report followed by weak inflation data could push the Fed closer to a rate cut [9]

Core Viewpoint - The U.S. jobs report for January complicates President Trump's push for lower interest rates, as the data does not support further rate cuts by the Federal Reserve [1] Group 1: Jobs Data - The U.S. added 130,000 jobs in January, which is stronger than expected [1] - The unemployment rate decreased to 4.3%, indicating a tightening labor market [1] Group 2: Federal Reserve Stance - The Federal Reserve is likely to maintain interest rates during the March meeting, influenced by the recent jobs report and comments from voting officials [1] - President Trump has consistently advocated for rate cuts, despite inflation remaining above the Fed's 2% target [1] Group 3: Wage Growth - Wage growth showed signs of firming in January, further complicating the case for additional rate cuts [1] - The combination of job growth and wage increases suggests a resilient economy, which may deter the Fed from lowering rates [1]

ON. JONATHAN: MICHAEL GAPEN OF MORGAN STANLEY. GOOD TO SEE YOU.COME TO THE PROGRAM. IF I WAS CALLING YOU AS A CLIENT MY FIRST QUESTION WOULD BE, HOW MUCH CONFIDENCE CAN I HAVE IN THIS. IS THIS THE REAL DEAL. MICHAEL: I THINK IT IS LARGELY THE REAL DEAL.EVERYTHING YOU MENTIONED WAS COMPLETELY FAIR. BENCHMARK REVISIONS, BIRTH-DEATH , THERE ARE SEASONAL FACTORS IN THIS REPORT. DOES IT WIPE AWAY 170 THOUSAND PRIVATE PAYROLLS.PROBABLY NOT. IF TRUTH IS 90, I'M HAPPY WITH THAT NUMBER. 170,000, I THINK IT IS HARD T ...