00:00 Speaker A
Let’s get to the three things that you need to know today.
00:03 Speaker B
First up, US stock futures pushing higher this morning following the April jobs report. Non-farm payrolls show the US economy added 177,000 jobs last month, the unemployment rate holding steady at 4.2%. If the games the S&P 500 holds today will be the longest winning streak for the index since 2004.
00:21 Speaker A
Plus, investors are optimistic on the trade fronts. China said it’s assessing the possibility of trade talks with the US, the first sign that negotiations could begin between the two sides. China’s Commerce Ministry said in a Friday statement that it had noted senior US officials repeatedly expressing their willingness to talk to Beijing about tariffs and urged officials in Washington to show sincerity toward China.
00:49 Speaker B
And Apple and Amazon were out with their earnings. Apple’s much awaited quarterly earnings print failing to soothe investor concerns about its biggest challenges, including escalating tariff costs and the slowdown in China. Meantime, Amazon said it’s bracing for a tougher business climate in coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could hurt consumer spending.