Yahoo Finance Stocks, Jamie Dimon letter, Yellen's China trip: 3 Things
US stock futures (^DJI, ^IXIC, ^GSPC) are leaning into the green coming off of Friday's hotter-than-expected March jobs data that reported a whopping 303,000 jobs added to the US economy. Markets will be eyeing this week's CPI (Consumer Price Index) print and first-quarter earnings from major banks.
In JPMorgan Chase & Co. (JPM) CEO Jamie Dimon's annual letter to shareholders, he outlines the biggest risks to the US economy that could ultimately lead to "stickier inflation and higher [interest] rates."
Lastly, US Secretary of the Treasury Janet Yellen is wrapping up her talks with Chinese economic officials, addressing the two nations' economic relationship and concerns around China's own manufacturing overcapacity in international markets.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Editor's note: This article was written by Luke Carberry Mogan.
Video transcript
SEANA SMITH: Let's get right to it, the three things that you need to know, your roadmap for the trading day. We've got Yahoo Finance's Josh Schafer, Madison Mills, and Rick Newman, who have more.
JOSH SCHAFER: Hey, Seana. Stock futures edging higher to kick off this trading week. Nerves in the market, though, continue to run high following a hotter than expected jobs report, showing signs of the labor market is on firmer footing than many economists had predicted. The start of a new earnings season will test the market's strength with a slew of banks reporting its quarterly results. And investors will also be watching out to Wednesday's CPI data in hopes of more clarity on the timing of interest rate cuts.
MADISON MILLS: And JPMorgan CEO Jamie Dimon isn't seeing a soft landing, that's according to the Ceo's annual shareholder letter. He lays out a number of risks to the US economy that could cause, quote, "stickier inflation and higher rates than markets expect." Among the issues, he cites the government deficit, quantitative tightening, and geopolitical tensions that he says could disrupt the commodity space.
RICK NEWMAN: Finally, Treasury Secretary Janet Yellen is wrapping up her fourth day of high-level meetings with Chinese officials. Yellen urging Beijing's leaders to restructure their economic growth plans during the treasury secretary's second trip to China in nine months. The treasury secretary saying there is, quote, "much more work to do in terms of diplomacy between the two nations." Other key concerns Yellen addressed include China's manufacturing overcapacity, trade practices, and support for Russia.
