Day Ahead: It's All About Jobs

The U.S. added a solid 215,000 jobs in July, which could help push a Fed rate hike in September.
Stocks quotes in this article: GRPN, HSY, BID, CVC, MGA, WWAV, BRKA

All eyes are on the U.S. nonfarm payrolls report, which was released at 8:30 a.m ET. Consensus of 220,000 jobs added in July was slightly above actual, which came in at 215,000. This points to a still-improving economy and helps tip the scale towards a Fed rate hike in September. The unemployment rate came in at 5.3%, which was in line with consensus.

Domestic equity futures are modestly lower ahead of the release.

In geopolitical news, aside from the entertaining Republican Party debate last night, Democratic Senator Chuck Schumer looks set to oppose the Iran Nuclear Accord, in opposition to President Obama and the Democratic Party. Obama needs 34 Democratic senators to support the plan.

Some earnings calls of note this morning include Groupon (GRPN), Hershey (HSY), Sotheby's (BID), Cablevision Systems (CVC), Trifecta Stocks' holding Magna International (MGA), WhiteWave Foods (WWAV), and Berkshire Hathaway (BRK/A).

At 1 p.m. ET we are set to receive the Baker Hughes rig count.

Happy trading!

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities. 

TAGS: Markets

More from Markets

Apple Stock: What Matters Most Is What Happens Wednesday

Timothy Collins

Here's how to play it after the tech giant's coronavirus warning.

Navigating a Highly Unusual Market

James "Rev Shark" DePorre

'The market can remain irrational far longer than you can remain solvent.'

In a Stock-Picker's Market, the Results May Surprise You

Bob Lang

Returns can be robust if the conditions are favorable, but it won't always be so fruitful.

Despite Apple's Warning, Market Not Embracing Negative Narrative

James "Rev Shark" DePorre

Two trades I'm making (and one on my radar) as a I stay focused on the price action.

Despite Fear, Don't Fight This Market

Ed Ponsi

There are plenty of factual reasons for concern right now, but shorting this market is like standing in front of a freight train. Do so at your own peril.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight