Here are the 5 things you need to know before the market opens on Friday:
1. -- Trade War Goes Next Level
U.S. stock futures pointed lower on Friday, July 6, and global stocks booked modest gains after China and the United States slapped tariffs of $34 billion on one another in the opening round of what officials in Beijing called "the largest-scale trade war in economic history."
2. -- The June Jobs Report
The official U.S. jobs report for June at 8:30 a.m. ET. Economists surveyed by FactSet expect the U.S. to have added 195,000 in June, down from 223,000 in May. The unemployment rate is forecast to remain steady at 3.8%. Average hourly earnings are forecast to rise 0.3% month over month.
3. -- Amazon to Publish a Holiday Toy Catalog
Amazon.com Inc. (AMZN) plans to publish a holiday toy catalog following the demise of Toys "R" Us Inc., Bloomberg reported, citing people with knowledge of online retailer's strategy.
4. -- Samsung's Profit Growth Slows
Samsung Electronics Co. (SSNLF) forecast its slowest profit growth in a least a year on Friday as global smartphone demand slows and competition from low-cost rivals intensifies, suggesting the Apple Inc. (AAPL) rival may miss full-year sales targets.
5. -- MoviePass Launches 'Peak Pricing'
MoviePass, a subsidiary of Helios and Matheson Analytics Inc. (HMNY) ,rolled out "peak pricing" on Thursday, July 5. Under the new policy, users will be charged extra if they plan on seeing a popular movie during a sought-after time slot.
