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Wall Street is Counting Down to Jobs Friday Tomorrow

June 5, 2023
in Trade Tube
Reading Time: 1 min read
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European stocks are gaining steam today. Crude oil is also recovering. All this as Wall Street is counting down to jobs Friday tomorrow. Tomorrow’s numbers from the Labor Department follow an exceptionally weak jobs report last month. No doubt the Federal Reserve will be watching to see if last month was a one-off or if there is a slowing of job growth. A big food deal came together overnight. France’s Danone said it would double the size of its U.S. business by buying organic food producer Whitewave Foods in a deal that values the company at $12.5 billion, including debt. Whitewave is the owner of Silk Almond Milk, Earthbound Farm Organic Salads as well as other brands. The head of the FBI James Comey head to Capitol Hill today to face a grilling. Comey will answer questions on why he chose not to charge presumptive Democratic Presidential nominee Hillary Clinton with a crime for setting up her own email server while serving as Secretary of State.

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