×

Investors focused on jobs Friday

IN THE NEWS TODAY

Wall Street's numbers are narrowly mixed for the week ahead of the Friday session, which centers around the June jobs report. The Dow and S&P 500 are modestly lower for the week, while the Nasdaq is higher after rising in six of the past seven sessions. (CNBC)

Crude's slide on Thursday weighed on major Asian indexes, which ended lower. European equities are modestly higher to roughly flat ahead of the U.S. jobs data. (CNBC)

Oil futures rebounded from two-month lows in the previous session, with traders saying Friday's 5-percent dip was an overreaction to the government's U.S. crude stockpile data that came in well below an earlier industry report. (Reuters)

Snipers opened fire during a protest in Dallas, killing five officers and injuring six more. Three people were arrested, and a standoff with a third individual ended when the suspect died of a self-inflicted gunshot wound, local media reported. (CNBC)

Protesters had gathered in Dallas, as well as other U.S. cities, to demonstrate after two black men were killed by police in Louisiana and Minnesota this week. On Thursday, President Barack Obama said all Americans should be troubled by the shootings. On Friday, he reiterated that message and called the shootings in Dallas "vicious" and "despicable." (CNBC)

President Obama made the comments in Warsaw, Poland, where NATO leaders gathered to announce plans to deploy 3,000 to 4,000 troops in Baltic states to bolster the region's defenses against Russia. (Reuters)

The United States also announced Friday it will place advanced missile systems in South Korea to counter North Korea. The move drew a sharp rebuke from China. (Reuters)

Dozens have been killed in Baghdad in a suicide attack carried out by multiple bombers at a Shiite Muslim shrine. The attack follows an Islamic State bombing in the city earlier this week that killed hundreds. (AP)

The State Department is reopening its inquiry into Hillary Clinton's handling of classified material on a private email server while secretary of state. The department suspended its investigation until the FBI concluded its own. (AP)

Bernie Sanders plans to endorse Clinton at a campaign event on Tuesday, The New York Times reported. He has withheld the endorsement as he seeks to push a progressive agenda at the Democratic National Convention. (Reuters/CNBC)

Britain is on track to have its first female prime minister since Margaret Thatcher stepped down in 1990. The Conservative Party on Thursday narrowed the field of candidates seeking to replace outgoing PM David Cameron to Home Secretary Theresa May and Energy Minister Andrea Leadsom. (CNBC)

A CNBC survey shows CFOs believe Britain's vote to leave the European Union will batter the U.K. but do little to bolster the campaign of Donald Trump, who voiced support for Brexit and has struck a nationalistic tone that echoes the tenor of the "leave" campaign. (CNBC)

Uber has raised $1.15 billion after taking out its first high-yield loan, bringing its total capital raised through debt and equity to $15 billion, the Wall Street Journal reports. (WSJ/CNBC)

Theranos founder Elizabeth Holmes has been banned from operating blood-testing labs for two years by the Centers for Medicare and Medicaid Services. Regulators also revoked the license for Theranos's California lab following an investigation into the effectiveness of the company's Edison technology. (NYT)

Gawker Media's bankruptcy sale has been approved by a judge and is scheduled for August 16. The bankruptcy filing protects Gawker from paying out a $140 million ruling in favor of Hulk Hogan, who sued the company for violating his privacy. (Recode)

BY THE NUMBERS

The jobs report will be out at 8:30 a.m. ET, with consensus forecasts calling for 165,000 new nonfarm jobs in June, following just 38,000 in May. The unemployment rate is expected to edge higher to 4.8 percent after a 4.7 percent May reading.

May consumer credit figures will be out at 3 p.m. ET. Economists are expecting an increase of $17 billion for the month following an April rise of $13.4 billion.

There are no earnings reports of note due today either this morning or after today's closing bell.


STOCKS TO WATCH

Gap (GPS) — the parent of Gap, Banana Republic, and Old Navy apparel stores — reported a 2-percent increase in comparable store sales for June. Analysts polled by Thomson Reuters had expected a 3.2-percent drop.

Juno Therapeutics (JUNO) shares are under pressure after U.S. regulators put a trial of a Juno cancer drug on hold. That follows the deaths last week of two leukemia patients enrolled in the study.

Barracuda Networks (CUDA) reported adjusted quarterly profit of 20 cents per share, well above estimates of 11 cents, with the provider of cloud security products also beating Street forecasts.

Volkswagen (VLKAY) will pay California $86 million in penalties related to its diesel emissions scandal, on top of the $14.7 billion previously reached with US regulators.

Humana (HUM) and Aetna (AET) remain on watch today, after Humana tumbled 11 percent Thursday. That followed reports that the Justice Department has significant concerns about Aetna's proposed deal to buy Humana.


WATERCOOLER

Pikachu! Nintendo's (NTDOY) new Pokemon mobile game has become the number one free app in Apple's (AAPL) iTunes store, following its U.S. debut Wednesday. (CNBC)

Viral videos don't always happen by accident. Digital music rights firm TuneCore explains how it got the world to whip and ne ne to the tune of Silento's "Watch Me (Whip / Ne Ne)." (CNBC)