00:03 Speaker A
Time now for what to watch. Markets are closed on Monday in observance of Labor Day.
00:09 Speaker A
Taking a look at earnings, earnings season chugging along with another big chunk of reports coming out, including Salesforce, Broadcom and Lululemon.
00:20 Speaker A
Salesforce announcing results for the second quarter on Wednesday, analysts anticipating the company’s growth to be steady and expecting it to grow about 10% in the quarter.
00:30 Speaker A
Slightly better than Wall Street’s forecast of 8.8%.
00:34 Speaker A
Its spending is still sluggish overall, but rivals like Workday aren’t seeing a big drop in new orders, which suggests Salesforce won’t either.
00:43 Speaker A
Moving over to jobs, a key piece of economic data coming out on Friday with August’s full jobs report.
00:49 Speaker A
Economi economists forecasting the US economy added 75,000 jobs, a slight uptick from July’s number, while unemployment ticks up to 4.3% and hourly wage growth holds steady at 0.3% on a month over month basis.
00:59 Speaker A
And finally, the US Senate Banking Committee is holding a hearing on Thursday to consider Stephen Moran, President Trump’s nominee to the Federal Reserve Board.
01:07 Speaker A
Moran would take over Fed Governor Adriana Koler’s uh seat whose term ends in January.