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U.S. Day Ahead: Jobs report to show more labor pains

Thursday, May 03, 2012 - 02:00

May 3 - Friday's jobs report is set to see gains of 170,000 in April. That's up from last month's disappointing numbers but still well below earlier readings of 200,000, according Reuters Correspondent Jason lange.

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Another jobs report and other potential nasty surprise we'll find out nonfarm payrolls out at 8:30 AM. So far the money is on a tick up to 170000. From last month's disappointing numbers. Focus -- be on any signs of revisions to previous data especially in light of GDP slowing in the first quarter. Reuters correspondent Jason -- says employment figures have been erratic lately. Well the reports likely in the showed that this exact we've seen of the last couple months was at least in part due to mild weather. That's just the economy is chugging along albeit pretty lackluster pace could keep the Fed on the sidelines for now. But unemployment at eight point 2% would likely -- some -- -- Obama's reelection campaign. And is FaceBook gets ready for its IPO roadshow next week here's a number traders will be talking about. 31 dollars and fifty cents Reuters has learned that's the mid point of how much FaceBook isn't surprising cheers. The social media titan wants to raise up to ten billion dollars seeking a valuation of 85 billion dollars. G energy and consumer companies reported as earnings season begins to slowly wind down. Of note we'll hear from Duke Energy Estee -- X one ITT and the Washington Post. Duke is a standout but for all the wrong reasons. Dropped -- says it has a high chance of missing earnings estimates by two cents partly due to low energy demand. We'll find out of billionaire investor Carl Icahn can get his hands on CBR energy. He's offering a thirty dollar share tender for the oil refinery and fertilizer maker that expires Friday. I I was hoping to secure -- -- CDR's board and replace it with his nominees. Ultimately trying to get in 90% stake in merge the company with one of this. And the week is like would end on a dovish note for the Fed we'll hear from San Francisco president John Williams on bank regulation. And Chicago president Charles Evans moderates a panel on economic and political -- I'm Fred Katayama and this is --

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U.S. Day Ahead: Jobs report to show more labor pains

Thursday, May 03, 2012 - 02:00