Jobs data, Tesla's rally, tariff revenue hits $200 billion and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
TL;DR
- The delayed nonfarm payroll report is expected to show 45,000 jobs added in November, with a slight rise in the unemployment rate to 4.5%.
- Fed Chair Jerome Powell cautioned about potential large revisions to recent job numbers.
- Pushback has reportedly emerged regarding Kevin Hassett's potential candidacy to lead the Federal Reserve.
- Major stock indexes closed lower, influenced by concerns over artificial intelligence stocks and financing.
- Ford is incurring $19.5 billion in special charges due to its shift from all-electric vehicles to hybrids and more affordable EVs.
- U.S. Customs and Border Protection reported that revenue from tariffs imposed by President Trump has exceeded $200 billion.
- Despite low consumer sentiment, spending has remained robust, with strong performance during the Thanksgiving to Cyber Monday period.
- Robotaxis are becoming more prevalent across the U.S., with companies like Waymo, Zoox, and Tesla expanding their services.
- Baron Capital founder Ron Baron discussed his firm's new ETFs and significant investment in SpaceX.