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Futures Up Ahead of August Jobs Report

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    FBN’s Robert Gray breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:59
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We Imus morning.

Time now for.

Good morning everyone I'm Robert Gray -- -- half an hour away from the government's August jobs report.

And Fox Business reporter rich jets and is at the Labor Department with a preview rich.

Good morning.

-- just about a half hour wolf find out what the government thinks job creation did in the month of August some analysts were increasing their expectations yesterday this after.

And ADP report came out showing that private companies and added more than 200000 jobs last month that was better than expected also a better than expected government report.

Showing initial unemployment claims so from here analysts generally a survey of them expect nonfarm payrolls -- have increased.

By 125000.

Last month the unemployment rate to hold steady at eight point 3%.

And for private companies to have hired 138000.

If numbers come in there or near there it still shows job growth however.

It's still too slow to basically keep up with population growth.

And really nowhere near the economy needs to be to start eating into that high unemployment rate.

-- point 3%.

Alright for more jobs report -- -- -- -- by Dow Jones columnist Kathleen Madigan is a closer look.

And what we can expecting Kathleen thanks for joining us here -- but are investors looking for possibly bad news to spur of the Fed and action.

-- that's kind of media irony if we get a bad number we could actually see teachers pick up because exactly as you say.

It puts more pressure on the did you initiate QE3.

It's a headline numbers aside what numbers are you focusing on as the most important.

In terms of what the Fed will be watching to make that decision.

I think they're now want to see what -- industries are hiring letter that jobs created or full time or part time.

And they're -- want to see how wages are doing because they're very concerned that consumers aren't spending and part of that -- part of the reason consumers aren't spending that even people with jobs haven't seen their incomes rise and that's it -- That higher food and energy prices.

Yeah that's right no inflation unless you're -- are driving right.

Exactly what a joke there well political pundits aside I mean obviously you've got two more reports including.

Court this year you'll have one in November just days before the election.

Now.

How like that in -- the markets here's they're always trying to via use that you hear a lot of you know but market pundits sighed trying to predict you how the markets are.

Reacting -- predicting.

The presidential election.

-- I'd I think that this should be believed that might be a case where.

If there's not going to be as good correlation and part researchers -- that is actually.

The August and September reported that.

An employer report -- -- voters is.

Estimating that the last report that we get right before the election by that time really most people -- made up their mind.

All right Kathleen Madigan have maybe a fence sitters will wait and see thanks -- you're welcome.

IRA let's take a look at the markets now here in the US -- -- -- that jobs report less than half an hour away right now.

You see the futures moving higher the Dow is up 34 points here a gain of one quarter of 1% after.

-- big move yesterday more than 240 points.

And part of that was better jobs reports in the states but also out of Europe of course -- the big announcement from the European Central Bank.

That it planned still launch and limited bond buying program.

Spanish a -- and debt extending yesterday's rally pushing those yields lower stocks.

Moving higher.

Other -- side of the the -- in -- -- -- seeing the big gains that we had yesterday Gloria talk a little bit more about that now at city index market analyst.

-- -- she's in London and she joins us now -- There were -- a little bit of a breather here as a set outside of Paris.

But they wait for the jobs report here are waiting for Spain to formally seek that ECB help.

Yeah exactly I mean and we definitely seeing more of -- talking up.

Rather than another -- to head today with the says his -- -- -- point 3% tax.

Around no point 9% -- perhaps -- not really be gangs they're expecting.

Today I think the fracas is very much tending towards the US -- -- -- -- Both as he said I mean -- it came towards buying perhaps now I -- that -- -- -- A formal.

Request for a bite out sect say that's still -- out of on -- did the mining giant he seems -- wags his magic.

For the my imminent risk on trade is a very much a theme for today but perhaps an -- a bit more.

-- -- and we're expecting.

All right yet have a great weekend thanks so much for your insights there.

Our rival moving on apple reportedly looking to launch an online radio service the Wall Street -- is apple is in talks to license music for the service.

And -- like take a look at commodities now -- oil moving higher gold moving lower.

Well coming up this hour -- his guest -- -- as the morning's Warner wolf Ben Michael guns guns element Imus in the morning continues right now on Fox Business giving.

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