Oct 26 - Expect a rocky week for the markets as they face a politically-charged jobs report, the potential for another meltdown in earnings and even a destructive hurricane.
VIDEO TRANSCRIPT
A politically charged jobs reports the potential for another earnings meltdown and a destructive hurricane on the way -- expect to rocky week for the markets to save the least. The jobs report will be out on Friday but investors will be obsessing about it all week. Our experts at a I have -- they expect nonfarm payrolls is gate in limbo -- -- -- gain on the hunt and 5000 in October. It's not to keep the lead on the unemployment rate that is that his rise by 110 of a percent to seven point 9%. Report is the last one before the November election and will undoubtedly be used as campaign fodder by the Democrats and Republicans. If unemployment rate remains below 8% I'll be good news -- President Obama if it goes above eggs and can we expect the governor Romney seizing on that. As a stick with which to be the president -- his economic policies are common in the moment and that's not gonna have pretty much more of the same the full cost suffer the unemployment rates remain. Monday sent the committee sees that Lebanon on this very unpredictable. Politics and the economy will clash again when General Motors reports on Wednesday that car company has been trumpeted by the Obama team. As a big -- success story. Still its results might not support case -- its profits are sent to shrink from a year ago at this suffers in Europe. And possibly in China and -- aren't and pressed GM is down over 30% since its IPO almost two years ago. If that isn't enough importing price or report on Tuesday and will have a vehicle sales on Thursday. And it will be the second busiest week for earnings with over 20% of the S&P 500 coming out with reports. Expect it seemed more weakness across the board especially in the materials and energy sector. -- our minds as a fourteen companies could disappoints -- the big predicted matches including eaten First Solar united states steel and sticking with the theme of a troubled companies and investors want to know what trick and best -- my new -- -- -- he has up his -- to turn around the struggling electronics -- hill outlining his grand plan on Thursday at an investors -- He's already -- a couple of top US manager. Best -- recently warned its earnings and same store sales would ball in the third quarter. Its shares have -- nearly 40%. Since the start of the year. SMP capital IQ recently cut its price target on the stock buy more dollars to fourteen dollars. -- in the meantime the US is gearing up for possibly the worst hurricane over two decades. Sandy is set to hit the East Coast early next week -- Franken storm as it merges with icy -- it could be more destructive than last year's Hurricane Irene that cost over four million dollars for the damages and had to Reuters dot com for the latest movements of hurricanes sandy we will be tracking tweeting me. And blogging its progress to the East Coast. Stay with insider writers TV for more on.
© 2017 Reuters All rights reserved.
