1. Jobs report: Can President Trump really create 25 million jobs over a decade? The April jobs report, due out at 8:30 a.m. ET, will show whether he's on track to deliver on the key promise.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -11.00 | | +1.50 | | +0.50 | | -0.05% | | +0.03% | | +0.02% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +135.18 | | -24.33 | | +7.16 | | 19,445.70 | | 3,103.04 | | 7,255.26 | | +0.70% | | -0.78% | | +0.10% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $45.49 | -0.03 / -0.07% | | | Gold | $1,234.80 | +6.20 / +0.50% | | | 10-yr | 2.36% | +0.05 / +2.04% | | | Euro | $1.10 | -0.00 / -0.20% | | | |
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| News: What you need to know about the markets | | | | | | | Jobs report; Oil plunges; Berkshire Hathaway investor day | By Ivana Kottasová
Friday, May 5th, 5:02am | | | | 1. Jobs report: Can President Trump really create 25 million jobs over a decade? | | | | The April jobs report, due out at 8:30 a.m. ET, will show whether he's on track to deliver on the key promise. | | | | Economists surveyed by CNNMoney predict the U.S. economy added 190,000 jobs in April, which would be far better than the 98,000 jobs gained in March. | | | | 2. Oil prices plunge: Crude oil futures plunged more than 3% on Friday before recovering some of the losses. | | | | It was the first time that prices have dropped below $45 per barrel since major oil producers agreed to slash production in November. | | | | That deal, spearheaded by OPEC, helped support prices for months. But the magic now appears to be fading. | | | | The main reason: a strong comeback by the U.S. shale industry. | | | | The number of oil rigs in the U.S. has more than doubled over the past year, adding to a lingering global supply glut. | | | | Investors will closely monitor a new snapshot of U.S. oil rig activity from Baker Hughes that will be released at 1:00 p.m. ET on Friday. | | | | 3. Warren Buffett to take the stage: Berkshire Hathaway is hosting its annual shareholder meeting in Omaha on Saturday. | | | | Investors will be watching closely as Buffett and long-time Berkshire vice chairman Charlie Munger discuss their thoughts on the economy and take questions from investors about the company, individual stocks and politics. | | | | Buffett told CNBC on Thursday that he sold off about a third of his IBM stake this year. Shares IBM dipped in premarket trading on Friday. | | | | 4. Global market overview: U.S. stock futures were lower early Friday. | | | | European markets opened mostly lower. Markets in Asia finished the session in the red. | | | | The Dow Jones industrial average closed flat on Thursday. The S&P 500 and the Nasdaq both added 0.1%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | Viacom shares bounced back in extended trading after plunging as much as 10% during the day Thursday. The company reported better than expected profits, but investors are worried about the longer term prospects of its subscription model. | | | | 5. Earnings: Cigna, Scripps and US Cellular will release earnings before the bell Friday. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Friday -- U.S. jobs report for April
Saturday -- Berkshire Hathaway annual shareholder meeting | | | | | | | |
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