U.S. Week Ahead: Get ready for 7-months of jobs weakness
Friday, April 26, 2013 - 02:37
April 26 - Friday's non-farm payrolls could mark the beginning of tepid jobs growth till the third-quarter, according to economists at IFR.
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Well get ready for more disappointing economic news after those weak GDP numbers. Friday's nonfarm payroll should showed the economy only created 160000. Jobs in April that's according to -- It's well below last year's average of about 180000. I apart says don't expect growth to pick up until the third quarter as companies wrestle with government cuts. And tax hikes. Macroeconomic advisors is mourning those austerity measures could slash job growth by about 700000. Over the next two years. All this means the Fed could start -- more money after its Wednesday meeting if jobs don't improve I have -- as chairman Ben Bernanke could lay the ground work for more bond buying Wellington 2014. The -- purchasing 85 billion dollars and got a month right at home. Optimism is going ahead of Facebook's earnings on Wednesday its profits are sent to plunged by over 20% from the previous quarter. But in the last month to analysts have upgraded the company is reading from buy to strong buy. One of them at Raymond James -- -- social networking site is getting better monetizing its users. It's predicting more about ad sales will come and above expectation. Jumping 6% to over 320. Million dollars that could lift its stock price. That's languishing 30% below original thirty dollar IPO price. Let's check -- vacuum later CEO Mark Zuckerberg is down five point six billion dollars. General Motors shares maybe -- over 30% in the last year but they could come under pressure when the auto giant reports on Thursday. Profits are expected to tumble over 40% from a year ago. JPMorgan says production in Europe could slump by it worse an expected 15%. And growth may start slowing down in China. We'll also get Chrysler's earnings on Monday and monthly car and truck sales on Wednesday it. Bill after Manning could get another black -- when Herbalife reports results on Monday profits are set to rocket over 20% from a year ago. Analyst at DA Davidson Cecile should -- 16% as the company expand this business model which men described as a pure -- scheme. Hedge fund titan has a one billion dollar bet against the company has rival Carl Icahn recently got two of his choices nominated to the board. Herbalife shares are up 15%. Since the start of the year. We'll follow us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash writers TV I'm putting mom this is for.
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