BREAKING NEWS Manhunt underway after Springfield homicide Full Story
SEVERE WX : Winter Storm Warning View Alerts

US jobs report; Huawei fallout; OPEC crunch

1. US jobs report: The US economy added 155,000 jobs in November, fewer than expected by ec...

Posted: Dec 7, 2018 11:00 AM
Updated: Dec 7, 2018 11:00 AM

1. US jobs report: The US economy added 155,000 jobs in November, fewer than expected by economists.

However, the unemployment rate remained at 3.7%, indicating a strong labor market. Paychecks grew by 3.1% over the last year in November, in line with expectations.

Banking, finance and investments

Business and industry sectors

Business, economy and trade

Commodity markets

Company activities and management

Company earnings

Continents and regions

Donald Trump

Economic indicators

Economy and economic indicators

Employment trends

Energy and resources

Energy and utilities

Energy commodities

Energy economic indicators

Financial markets and investing

Financial performance and reports

Financial results

Government and public administration

Government bodies and offices

International trade

Labor and employment

Labor sector performance

Natural gas

North America

Oil and gas industry

Oil prices

Political Figures - US

Politics

Securities trading

Shale development

Stock indexes

Stock markets

The Americas

Trade and development

Unemployment rates

United States

US federal government

White House

Government organizations - Intl

OPEC

Compensation and benefits

Wages and salaries

Companies

Employee termination

Employment and income status

Huawei Technologies Co Ltd

Human resources and personnel management

Layoffs

Personnel changes

Personnel management

Social and economic status

Society

Unemployment

Workers and professionals

Employment rates

Employers have added an average of 215,000 jobs per month over the past year and wages have been slowly creeping higher as the economy has soaked up nearly all its available workers.

2. Huawei fallout: Huawei CFO Meng Wanzhou, who was detained in Vancouver on Saturday at the request of US authorities, faces a bail hearing on Friday at the British Columbia Supreme Court.

The US and Canadian governments haven't specified what charges Meng faces, but her arrest follows reports this year that the US Justice Department was investigating whether Huawei violated American sanctions on Iran.

The United States is seeking her extradition.

The arrest has angered Beijing, alarmed investors and raised new doubts about the fragile truce that the leaders of the world's top two economies reached just days ago. Investors will be watching closely for additional fallout.

Huawei, which makes telecommunications equipment and tech gadgets, said in a statement that it "has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng."

3. Oil moves: OPEC wasn't able to reach agreement on oil production cuts during a summit on Thursday. But the cartel is expected to finish the job on Friday.

OPEC is seeking to stabilize oil markets after US crude prices plunged 22% in November, marking the the worst month since the global financial crisis in October 2008.

Discussions on Friday will be expanded to include Russia, the world's second biggest oil producer and a key partner in OPEC efforts to slash production and boost prices.

Oil prices tumbled 2.7% on Thursday when OPEC members emerged from negotiations without consensus on the level of production cuts. Prices dipped again on Friday to trade at $51.30 per barrel.

4. Global market overview: US stock futures were pointing lower. European markets opened higher, following a mixed trading session in Asia.

The Dow closed down 0.3% on Thursday after a wild trading day. It plunged as much as 785 points, or 2%, during the day. The S&P 500 shed 0.2%.

The Nasdaq gained 0.4%, bouncing back from a 2.4% drop earlier in the day.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

5. Earnings and economics: Big Lots (BIG) will release earnings before the open.

The preliminary University of Michigan's consumer sentiment report for December will be released at 10:00 a.m. ET.

Canada's jobs report for November will be published at 8:30 a.m. ET.

6. Coming this week:
Friday — US jobs numbers

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 154062

Reported Deaths: 2194
CountyCasesDeaths
Multnomah31723527
Washington21001211
Marion18279284
Clackamas13289175
Lane10127124
Jackson8224110
Umatilla761481
Deschutes592258
Yamhill374564
Linn354956
Malheur333958
Polk301642
Klamath276854
Douglas240252
Benton230316
Josephine230349
Jefferson194127
Coos140119
Union127119
Columbia124121
Wasco121926
Lincoln112520
Hood River106129
Morrow104114
Crook77918
Clatsop7766
Baker6467
Curry4116
Tillamook4092
Lake3746
Harney2716
Grant2221
Wallowa1424
Gilliam531
Sherman530
Wheeler221
Unassigned00
Eugene
Cloudy
37° wxIcon
Hi: 48° Lo: 34°
Feels Like: 37°
Corvallis
Cloudy
36° wxIcon
Hi: 46° Lo: 31°
Feels Like: 32°
Roseburg
Partly Cloudy
35° wxIcon
Hi: 52° Lo: 33°
Feels Like: 35°
North Bend
Mostly Cloudy
38° wxIcon
Hi: 50° Lo: 35°
Feels Like: 33°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events