Wall Street Breakfast First look at the tariff job market
Jun 1, 2025
Discover how May's payroll figures could gauge labor market resilience amidst trade uncertainty. Jamie Dimon predicts a crack in the bond market, while analysts at BofA identify a crucial market inflection point. Dive into the economic outlook as top companies like Broadcom and CrowdStrike are analyzed for growth prospects. Recent earnings reports from Hewlett Packard Enterprise and Dollar General reveal insights into market trends, along with notable delivery numbers from Chinese electric vehicle producers.
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May Payrolls Reveal Labor Market
- May's payroll figures will reveal how labor markets withstand trade uncertainty.
- Despite tepid hiring interest, low layoffs may keep net hiring stable in May.
Tech Earnings Driven by AI Demand
- Broadcom's earnings are expected to grow strongly thanks to AI demand and hyperscaler spending.
- CrowdStrike shows stable software demand and cross-selling success despite tariffs.
Dimon Warns of Bond Market Crack
- Jamie Dimon warns rising federal debt poses risks to the U.S. bond market.
- He predicts an inevitable crack in the bond market without government action.