Good April Jobs Report Gives Investors Catalyst

Video: Preview the day’s action on Wall Street before the opening bell with the Morning Report as Good April Jobs Report Gives Investors Catalyst.  Dow, Nasdaq and S&P futures are flat.  Crude is down 0.50%.

Futures mixed as investors await April jobs report
http://video.cnbc.com/gallery/?video=3000616126

Here are some Morning Headlines:

Investor caution continues to be on display as Wall Street awaits this morning’s April employment report as well as this weekend’s elections in France. U.S. stock futures were mixed this morning with IBM (IBM) under pressure on news Warren Buffett sold shares. (CNBC)

The government’s April jobs report is the marquee event of the morning, with the 8:30 a.m. ET release expected to show the U.S. economy gained 185,000 non-farm jobs last month, with the unemployment rate edging higher to 4.6 percent. (CNBC) The actual number is 211,000 and unemployment is down to 4.4% as Good April Jobs Report Gives Investors Catalyst.

The Fed also gets plenty of attention, with prominent officials appearing at the Hoover Institution Monetary Policy Conference in Stanford, California. Fed Chair Janet Yellen speaks, along with Fed Vice Chair Stanley Fischer, San Francisco Fed President John Williams, and Chicago Fed President Charles Evans. (CNBC)

Centrist French presidential candidate Emmanuel Macron extended his lead in the polls over his far-right rival Marine Le Pen today, the final day of a tumultuous election campaign that has turned the country’s politics upside down. (Reuters)

Berkshire Hathaway’s Warren Buffett told CNBC he’s sold about a third of his IBM holdings. Buffett said IBM did not perform the way he had expected when he bought the stock six years ago. (CNBC)

Buffett brushed off softer iPhone sales, saying Berkshire owns Apple stock for the long haul. Buffett said he sees U.S. economic growth at about 2 percent. And Buffett said Berkshire has $90 billion in cash and he’s looking to “buy a big business.” But nothing is on his list, he added. (CNBC)

Amazon (AMZN) CEO Jeff Bezos unloaded 1 million shares of Amazon stock in the last three days, totaling $940.74 million, according to a filing with the SEC. (CNBC)

Earnings Calendar

No notable companies reporting earnings today.

Good April Jobs Report Gives Investors Catalyst

Information Credit: News headlines and quotes were taken from CNBC in the writing of this post.

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