STZ - Wall Street Brunch: Labor Day After Independence Day
2024-06-30 16:25:00 ET
Summary
- Payroll growth expected to drop to 200,000 in June, with unemployment rate at 4% and average hourly earnings growth at +0.3%.
- Microsoft alerts customers about hacking.
- BofA's quant team puts some Wall Street adages to the numbers.
Listen below or on the go on Apple Podcasts and Spotify
Nonfarm payrolls are expected to rise by 200,000. (0:17) Why Apple may be the place to be. (3:12) Wall Street myth busting . (6:40)
The following is an abridged transcript:
Independence Day will mean low volume and a largely quiet week for Wall Street.
But there will be some fireworks on Friday as well as Thursday for Fed nerds like me (while I’m not watching fellow colonials New Zealand take on England in cricket with the great commentary of Franke MacKay.)...
Wall Street Brunch: Labor Day After Independence Day