While jobs data is prevalent in coming days, earnings from chip giant Broadcom on Wednesday keep tech in focus, too. Nonfarm payrolls loom Friday, and Nvidia's Huang speaks today.
May jobs data is out Friday. Hiring has shown resilience despite global instability, said Kevin Gordon, head of macro research and strategy at SCFR, in his look at the week ahead.
Crude oil futures (/CL) ended the month of May in the red as hopes for a diplomatic solution to the U.S./Iran conflict are taking center stage over tightening oil supplies.
RSM Chief Economist Joe Brusuelas joins the show to discuss how a "split-screen" economy is being driven by inequality and asset concentration—and more.
All the majors hit fresh all-time highs this week as Iran peace hope, a 10% drop in oil prices and falling Treasury yields provided a bullish backdrop. Strong earnings reports from Dell, Marvell, and Snowflake also provided a sentiment boost.
Today's April PCE report could indicate if energy prices are affecting core inflation. Additionally, several big firms report, including Dell, with a second GDP estimate also due.
Kevin Warsh is officially the 17th Federal Reserve chair, senators punt immigration enforcement bill debate to early June, and SEC Commissioner Hester Peirce announces retirement.
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