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This is the Imus in the morning program on the phone -- Good morning everyone we -- thirty minutes away from the government's march jobs report and fox business's Peter Bryant that the Labor Department now.
-- in preview good morning Peter.
While Diane economists expect that the economy added about 200000.
New nonfarm payroll jobs in March but that the unemployment rate.
Stayed at seven point 7% from February the economy is still not.
For producing enough jobs to drive that unemployed employment rate down.
More quickly now a few headwinds.
That are out there that we're watching that may show up in this month's report are of course the tax increases that -- -- At the beginning of the year the sequester spending cuts that 85 billion dollars and reduce spending that hit about half that hinting.
Hitting the Pentagon also -- shy person Europe the problems over there.
Possibly having -- -- an impact on hiring last month which -- we saw hints that this -- starting but he started.
To show up in the numbers for example we had.
Slightly higher than expected unemployment claims yesterday we saw that ADP payroll report come in weaker than expected.
On Wednesday so we will be looking in this report for potentially cuts in government jobs.
And defense jobs back to you.
All right Peter -- live from the Labor Department thanks Peter.
Mean -- Dow Jones -- is Kathy Matta -- is also with us here in the newsroom with more on what we can expect from that report capping how much.
Our the other job related numbers we got this week affecting expectation for today's jobs report.
I think after -- investors -- ADP they definitely.
Come down their expectations people were.
-- looking north of 200000 and now I think.
They're holding at 300000 or their few economists who cut their forecast but maybe by 30000.
And -- in another -- and you know big debate topic lately has been a sequester and how those cuts will affect the economy.
Looking this report tell us on that front well Goldman Sachs thinks that we're gonna see about a 101000 dollar job loss because of sequester.
And and Mark Zandi of Moody's analytics points out that what we might see first is a pullback in hours worked as.
Discovered the government and government suppliers.
Had to cut their hours of their workers before they actually furlough them.
And what are some other key points you'll be looking for a side question the headline numbers.
-- I always look at the wage growth because.
Even people who live there who have had kept their jobs through the Great Recession.
There are weekly pay is still -- falling behind inflation and even though the -- that gas prices have fallen that there's still a struggle.
And that's that John come list Dow Jones economy very go capping Madigan capping we'll be taking any after the report to get your analysis of stick with us thanks so much for being on.
Okay checking the markets now here in the US futures have been in the red across the board -- morning as -- and explained investors.
Just like the analysts are cautious after those other reports came out this week we've got Dow futures down 89 almost ninety points system -- down ten.
The nasdaq's down about twenty points in Europe numbers are looking much better keep in mind concerns about.
Bird flu -- tensions involving North Korea are also playing into investor nervousness here we've got London down eighty.
Paris is down about sixty points and Frankfurt's down.
-- -- -- Packard's chairman has stepped down marking another shake up for the tech giant's board.
Raymond -- surrendered his post amid scrutiny from investors over his role in the eleven billion dollar acquisition of software company autonomy.
HB eventually took a multi billion dollar write down on autonomy value.
Two other directors have also left the board that's gone through several big changes in the past decade the board has.
How Ralph Whitworth -- HP director will run the board until the company finds a permanent chairman.
Lane will stay on as a director.
Layoffs are reportedly on the way at Walt Disney according to Reuters the company expects to start cutting jobs at its studio and consumer product divisions within the next two weeks.
-- it's unclear how many jobs will be eliminated.
But sources say the studio layoffs will center on the marketing and home video units include a small number.
From the animation weighing the downsizing is Disney's latest step to cut costs after company wider view.
-- began earlier this week at the Lucas arts game studio which Disney inherited after -- acquired George lucas' film company last year.
Here's a look act commodities oil and gold and mixed this morning we still that oil down by about fifty cents trading -- 93 Dallas gold is now up.
And by about four dollars at 1556 announced.
Imus in the morning continues right now on Fox Business.
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