00:00 Speaker A
Time now for to watch next week. Starting off on the tariff front. President Trump so called liberation day is coming up on Wednesday. The administration plan to implement reciprocal tariffs, targeting countries with which the US has a trade imbalance. Trump also announced this week that he is placing 25% tariffs on auto imports that will take effect on Thursday.
00:28 Speaker B
And we also will get news on the labor force. March’s full jobs report is coming out on Friday. Economists forecast 135,000 non-farm payrolls were added. That’s less than February’s number. While the unemployment rate and hourly wage growth could hold steady at 4 point, uh, 4.1% and 0.3%, respectively on a month-over-month basis.
01:01 Speaker A
And taking a look at the Fed. We’re going to be getting a big batch of Fed commentaries throughout the week. That includes Fed Chair Jerome Powell on Friday morning. This is coming after comments from Boston Fed President Susan Collins yesterday. Collins saying that the Trump administration’s tariffs will drive up US inflation, but it’s unclear how persistent that upward pressure will be.
01:34 Speaker B
And finally, some more companies reporting earnings next week, including RH, Canagra, and Guess. RH is announcing results for its fourth quarter and fiscal year 2024 after the markets close. Analysts expect the company sales growth will pick up driven by strong demand for the brand and positive signs from competitor Williams Sonoma, which also reported better furniture sales.