It's the first Friday of the month, so you know what that means — Jobs Day. The US Bureau of Labor Statistics reported that 12,000 jobs were added to the US economy in October, well below economist forecasts of 100,000 nonfarm payrolls due. These labor figures and the data collection process have been heavily impacted by recent Hurricanes Milton and Helene, as well as ongoing labor strikes.
Morning Brief hosts Seana Smith and Brad Smith speak with an array of economists and Wall Street experts about the latest economic data print.
RSM chief economist Joe Brusuelas and Charles Schwab chief fixed income strategist Kathy Jones join the program to give their initial reactions to the jobs data and how the Federal Reserve is expected to move at its November meeting next week. Mizuho Securities US chief economist Steven Ricchiuto also joins the program to talk about why he believes the central bank should hold interest rates where they are.
US Acting Secretary of Labor Julie Su affirms that the job market is "not weak" despite October's numbers in an interview with Yahoo Finance's Jennifer Schonberger.
Intel (INTC) released mixed third quarter results on Thursday, revealing a quarterly adjusted loss of $0.46 per share while revenue beat out analysts estimates. The Morning Brief welcomes KeyBanc Capital Markets equity research analyst John Vinh to talk more about Intel's performance and what lies ahead for the semiconductor company.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Other top trending stocks on the Yahoo Finance platform include Boeing (BA), Chevron (CVX), and Exxon Mobil (XOM), and crude oil prices (CL=F, BZ=F)
This post was written by Luke Carberry Mogan.