Week ahead on Wall Street

Video Credit: Reuters Studio
Published on October 25, 2019 - Duration: 01:10s

Week ahead on Wall Street

Investors will have a lot to juggle next week: a Fed meeting on interest rates, the October jobs report, and earnings from tech titans Apple and Facebook.

Fred Katayama reports.


Week ahead on Wall Street

Wall Street will be eyeing Washington next week along with earnings from some tech titans.

Look for the Labor Department to report that U.S. jobs growth slowed to 90,000 in October.

Any drop in October payrolls could rattle the financial markets after job growth slowed in September, and so did wage growth.

Economists expect the unemployment rate to inch up to 3.6% and average wages to tick higher.

Multivariate managing director, Max Wolff: SOUNDBITE: MULTIVARIATE MANAGING DIRECTOR, MAX WOLFF (ENGLISH) SAYING: "The bigger number for us is to see which I'm afraid is happening, that the wage growth momentum tapers off.

So wage growth is sort of the sad story of this recovery.

Showed up very little, showed up very late, I think it may be leaving town ahead of schedule." The Fed could make it three-in-a-row on Wednesday.

Traders on Wall Street are betting on a third cut in interest rates this year when Federal Reserve policymakers end their two-day meeting.

Since their gathering last month,home sales have slowed and retail sales unexpectedly dropped.

Two hours after that Fed decision, Apple and Facebook release their results.

Apple shares are trading at a record high ahead its report.

Expect the iPhone maker to report a slight rise in revenue.

Ditto with Facebook.

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