US added fewer jobs than expected in August, Broadcom Q3 earnings disappoint: Yahoo Finance
The US added 142,000 jobs in August. It was more than the 114,000 that were added in July, but short of the 165,000 economists had been expecting. The unemployment rate ticked lower to 4.2%, which matched estimates. Now, investors are trying to figure out what this means for the Federal Reserve's September meeting and whether the FOMC will cut by 25 or 50 basis points. Meanwhile, the chip sector remains under pressure after Broadcom (AVGO) reported its third quarter earnings, disappointing Wall Street with its fourth quarter outlook. This comes as the US will roll out new export controls on chips, now targeting quantum computing and high-bandwidth chips. Yahoo Finance trending tickers include UiPath (PATH). Applied Digital Corporation (APLD), and Mobileye Global (MBLY).
Key guests include:9:00 a.m. ET - Daniel Newman, The Futurum Group CEO9:30 a.m. ET - Michael Reinking NYSE Sr. Market Strategist9:45 a.m. ET? - Julie Su, Acting U.S. Labor Secretary10:20 a.m. ET - Allan Thygesen, DocuSign CEO11:15 a.m.? ET -? David Kimball, Prosper CEO
