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July jobs report, Airbnb earnings, fuel prices and more in Morning Squawk - CNBC

July jobs report, Airbnb earnings, fuel prices and more in Morning Squawk - CNBC

Business and EconomyBy Alex Harring8/7/20261 min read

Here are five key things investors need to know to start the trading day.

✨ Key Highlights

  • July's nonfarm payrolls report, due at 8:30 a.m. ET, is the market's key focus, with Dow Jones-polled economists expecting a gain of 83,000 jobs and unemployment steady at 4.2%.
  • Forecasts vary widely, and some analysts warn the headline figure could come in much lower and push the closely watched unemployment rate higher; recent signals have been mixed, with lower-than-expected jobless claims but cooler private payroll growth reported by ADP.
  • Stock futures rose Friday morning following a negative session, though all three major averages remained on track for a positive week; the Dow snapped its longest winning streak in more than two months on Thursday.
  • Oil prices jumped after Iranian state media reported that U.S. and Israeli ships would be barred from the Strait of Hormuz under a new draft plan, reversing a recent downturn tied to hopes for a deal.
  • Drivers should expect higher fuel prices into the fall, with a global shortage in refining capacity potentially driving a record Labor Day price this year, according to CNBC's Spencer Kimball.
  • Sweetgreen shares fell sharply in extended trading after the salad chain cut its full-year outlook, citing that fears surrounding the cyclospora outbreak hurt sales.
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. We got insight yesterday into cyclospora's business impact from one of the companies
July jobs report, Airbnb earnings, fuel prices and more in Morning Squawk - CNBC — Bloorian