00:03 Speaker A
Ah, Labor Day. A nice break as the markets hit pause on Monday. Put away those spreadsheets, folks.
00:43 Speaker A
But don’t get too comfy. Come Friday, all eyes will be on the jobs report for August.
00:49 Speaker A
Economists are whispering about 75,000 new gigs popping up. July’s numbers were a tad lower. However, unemployment might dance at 4.3%, with wages increasing just 0.3% month over month.
00:09 Speaker A
So what’s hot in earnings? Let’s chat Salesforce, Broadcom, and Lululemon.
00:20 Speaker A
Salesforce is dropping its Q2 results on Wednesday. Analysts predict a steady 10% growth, which is just a smidge above Wall Street’s 8.8% forecast. [Learn more about Salesforce](https://finance.yahoo.com/quote/CRM/).
00:30 Speaker A
Even with some sluggish spending, Salesforce isn’t sweating it. Rivals, like Workday, aren’t crying over orders, which means Salesforce might just keep cool too.
00:59 Speaker A
And here’s a political twist for your week. The US Senate Banking Committee is gearing up on Thursday. They’re vetting Stephen Moran for the Fed Reserve Board. It’s gonna be interesting.
01:07 Speaker A
Moran’s stepping in as Adriana Koler’s term wraps up in January. [Read more about the Federal Reserve](https://www.federalreserve.gov/aboutthefed.htm).
Earnings Highlights for the Week
- Salesforce: Expected 10% growth. More on Salesforce.
- Broadcom & Lululemon: Keep a lookout for their reports too.
Important Dates
- Monday: Markets take a breather.
- Wednesday: Salesforce Q2 results.
- Thursday: Senate Banking Committee and Stephen Moran.
- Friday: August jobs report.
With so much happening, grab a coffee and get ready for the whirlwind week ahead!
