00:06 Speaker A
Time now for to watch Wednesday, January 7th. It’s going to start off here on the labor front. We’re going to be getting fresh job data on Wednesday with the ADP reading on private payrolls. That’s expected to show growth in December with 50,000 jobs added, signaling a rebound in hiring momentum following the longest government shutdown in US history.
00:27 Speaker A
Following the ADP report, we’ll also be getting the job openings and labor turnover survey on Wednesday. Economist forecasting job openings to dip slightly compared to the previous month to 7.6 million, signaling that the labor market is cooling, but still above pre-pandemic norms.
00:46 Speaker A
And we’ve got some earnings on deck as well. We’re going to be tracking them. We’re we’re hearing from several names in the food and beverage sector, including Albertsons, Cal-Maine, and Constellation Brands. Constellation announced the results for you third quarter on Wednesday. Analysts expecting earnings to fall sharply in Q3, driven by the alcohol and beverage company selling off big chunks of its wine and spirits business.
01:09 Speaker A
And finally, CES, formerly known as the Consumer Electronic Show continues in Las Vegas. Invidia CEO Jensen Wong giving a presentation on AI on Monday, covering everything from new chips to robots. Yahoo Finance will be interviewing the CFO of Qualcomm at CES on Wednesday. You don’t want to miss that one.