Jobs report, Fedspeak, Foxconn sales: What to watch

As the day draws to a close, Yahoo Finance Live anchors Josh Lipton and Julie Hyman preview the key events to watch for Friday, April 5, 2024.

The highly anticipated March Jobs report is slated for release. It will offer insights into the robustness of the labor market. Analysts are projecting an unemployment rate of 3.8% and an additional 215,000 jobs.

Insights from the Federal Reserve are expected, with Fed speak scheduled from four officials, including Fed Governor Michelle Bowman and Boston Fed President Susan Collins. Their commentary may shed light on the central bank's outlook regarding potential rate cuts.

Treasury Secretary Janet Yellen is set to address the US business community in China, aiming to discuss the intricacies of the economic relationship between the two nations.

Lastly, Apple (AAPL) supplier Foxconn (2354.TW) will unveil its sales figures for the month of March.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

Editor's note: This article was written by Angel Smith

Video transcript

JOSH LIPTON: Now here's a look at what to watch tomorrow, Friday, April 5. The March jobs report is finally here. The expectation is for the economy to have added 215,000 jobs last month and the unemployment rate edging lower to 3.8%. The labor market data are some of the key economic inputs for the Fed's decision making and the path to cutting rates.

JULIE HYMAN: It's also another busy day for Fed speakers. Federal Reserve officials Susan Collins, Tom Barkin, Lorie Logan, and Michelle Bowman all expected to deliver remarks on Friday. And it comes after Thursday's series of speeches took a toll on the markets. Minneapolis Fed President Neel Kashkari suggested the possibility of no rate cuts this year.

JOSH LIPTON: Meanwhile, Treasury Secretary Janet Yellen will be speaking to the US business community in China. Secretary Yellen to deliver remarks on the bilateral economic relationship. In China, Yellen is also extending bilateral meetings with Chinese Vice Premier He Lifeng.

JULIE HYMAN: Turning to tech, Apple supplier Foxconn will release sales numbers for the month of March that could provide some insight into in turn what's happening at Apple.