Wall Street Breakfast Jobs report will be watched for DOGE impact
5 snips
Mar 2, 2025 This discussion highlights the expected rise in payrolls and steady jobless rates, unpacking their potential market impacts. Target's forthcoming earnings are set to create a buzz. The podcast also dives into the AI revenue landscape, exploring the discrepancies between projected and actual earnings due to rising costs. Geopolitical dynamics influencing AI collaborations are examined, alongside shifting strategies in income investments. A key question arises: is it time to rethink using bonds as a hedge?
AI Snips
Chapters
Transcript
Episode notes
February Jobs Report Predictions
- Economists predict 150,000 new non-farm payrolls and a steady 4% unemployment rate for February.
- The market anticipates a quarter-point Fed rate cut in June and three more by year's end.
Doge Layoffs and Jobs Report
- Federal layoffs from Doge will impact the jobs report, with an estimated decline of 5,000-10,000 federal jobs.
- However, federal jobs only represent 1.5% of total payrolls, minimizing the overall impact.
Target Earnings Forecast
- Target's earnings will be closely watched after Walmart's cautious guidance on consumer spending.
- Analysts expect Target to post EPS of $2.25 on sales of $30.85 billion for fiscal Q4.