Reuters - Video

Edition: US | UK | IN | CN | JP

Video

U.S. Morning Call: Markets, voters await nonfarm payrolls

Friday, November 02, 2012 - 02:33

Nov 2 - U.S. unemployment likely rose in October as employers increased hiring only slightly, underscoring President Obama's vulnerability ahead of next week's election.

▲ Hide Transcript

View Transcript

It's all about the labor market today let's kick off your Friday morning call the jobs number out today is critically important for two people who already have jobs. President Obama and Republican contender Mitt Romney has the US election. If the unemployment rate rises as forecast to seven point 9% that may spell trouble for the president. It could be some mixed news though employers estimated to have added 125000. New positions in October. A slight rise from the 1141000. Jobs and it last month. US stock futures point to a slightly lower open on Wall Street but that could radically change an hour when the jobs report is released. Later today some more data out on the health of our manufacturing sector. Factory orders for September expected to show growth of four point 6%. That's a big jump from the negative five point 2% in August. On the East Coast people still picking up the pieces after superstars and -- widespread destruction. -- cat which -- losses from disasters now upping its estimates between thirty to fifty billion dollars when -- costly week it's. Moving on to earnings wake up and smell the coffee Starbucks up over 8% premarket today. After the chain raised its profit forecast for the current quarter. Sales in the US beat estimates giving the company confidence not recently seen by the likes of chipotle and McDonald's. Linkedin is soaring 9% premarket after the social network beat expectations and raised its full year revenue targets on Thursday. Due out before the bell quarterly results from oil giant Chevron and -- Start -- Smart estimate sees Chevron's EPS coming in at two dollars and 81 cents. Almost in line with the mean. And from the media world Washington Post and Thomson Reuters also post earnings today. Let's check out some stocks are likely on in his first up apple all the lines are smaller this time around as the iPad mini went on sale. The mini me version of the iPad is priced above rival gadgets from Google and Amazon. So are attracted smaller crowds in Asia and that the company's previous roll outs. Shares of apple still below 600 bucks but edging up just -- -- in the premarket. Verizon stock could take it as a Telecom giants -- it will take two weeks to restore services to clients after hurricanes and eight. That's it for your Friday morning call for more news follow us on Twitter at Reuters Insider and check out our YouTube channel at Reuters dot com slash writers TV. I'm Lisa Bernard this is letters.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Markets, voters await nonfarm payrolls

Friday, November 02, 2012 - 02:33