The U.S. economy may have added 183,000 jobs last month after the GM strike ended
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Chart of the Day: It's been a year of protests. Economies on the verge of collapse, a yearning for greater democracy, revulsion against corruption and inequality. The grievances that drove people into the streets were consistent across continents. Some marched peacefully, others clashed violently with security forces, and in at least five places the unrest helped topple government leaders.
Futures Summary:
News from Bloomberg:
Uber found more than 3,000 allegations of sexual assault involving its drivers or passengers in the U.S. last year. Its report showed about 50 people a year died in collisions in the past two years, at a rate about half the national average for automotive fatalities. It has faced a stream of complaints over driver misconduct, but said "Uber is very much a reflection of society."
Jobs report: The U.S. economy may have added 183,000 jobs last month after the GM strike ended, consensus shows, one of the highest estimates this year and up from 128,000 in October. Bloomberg Economics was even more upbeat, saying returning workers probably delivered a gain of 205,000. The jobless rate may have held at 3.6%.
Oil investors are awaiting the "beautiful news" Saudi Arabia's oil minister said was coming today. OPEC is nearing a deal to deepen its output cut by 500,000 barrels a day, but ministers left the cartel's headquarters yesterday without cementing an agreement. Saudi Arabia's new target may be more than the 9.9 million it's cut this year.
China is waiving retaliatory tariffs on imports of U.S. pork and soy, a procedural step that may signal a broader pact is drawing closer. National Security Adviser Robert O'Brien told Fox News the two sides are close to reaching a phase one deal.
U.S. stock futures rose with shares in Europe and Asia as investors counted down to the jobs report and watched for further trade developments. Treasuries rose and the dollar was steady. European bonds were mixed and the euro was flat after bad industrial data from Germany. Oil was little changed as OPEC failed to impress with what appeared to be a cosmetic revision to output quotas.
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