Could strong jobs report tip the Fed's hand on rates?
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=d06c916850ddaf7fde48969baf3cb786e3b42a2738d54621376f23e1094d924cb11e9731f02d5959c83d5f48b8ae086928a6ee3342ad661e73e73b5f61ac6fb6CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=d06c916850ddaf7fde48969baf3cb786e3b42a2738d54621376f23e1094d924cb11e9731f02d5959c83d5f48b8ae086928a6ee3342ad661e73e73b5f61ac6fb6 here. https://click.response.cnbc.com/?qs=78dad6d2c5d00984614eaa451b329fc06ba26e68cc54304ab379ff6c7978d05186b7e1fb1d1cde37 https://click.response.cnbc.com/?qs=78dad6d2c5d0098422a54d1ae220138e648733c608edbe6a1d4c186978cbc54df75544d4428aa9df IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=78dad6d2c5d00984c4db685c482ce196be13f18df331129aec3c9958988cb5358e8b7b8b96cd68d1 were higher this morning, ahead of the 8:30 a.m. ET release of the government's August employment report. The Dow, S&P 500, and Nasdaq were slightly higher for the week. The indexes were all less 1 percent from record closing highs. (CNBC)Investors were wondering whether a strong jobs report https://click.response.cnbc.com/?qs=78dad6d2c5d009848f5e65d9a05754fe858b4c3a34ab3a351891739dd26d88fa0c686e6e23623a0b might tip the Fed's hand to hike interest rates this month for the second time in a decade. Nonfarm payrolls are seen rising 180,000 for August, with the jobless rate edging down to 4.8 percent. (CNBC)U.S. oil prices https://click.response.cnbc.com/?qs=78dad6d2c5d0098435ab3778c84577efb035545137a07c301c0ee5ea0d398562d5c7037b55fa4a02 were higher this morning, after falling nearly 3.5 percent Thursday, as traders treaded cautiously ahead of the employment report that will help gauge the health of the world's largest economy. On the week, crude was off 9.4 percent. (CNBC) https://click.response.cnbc.com/?qs=78dad6d2c5d009841d49f9d62353f8a068397c955d3d51fb01193048a414bcbbf6dae6544102fd27 https://click.response.cnbc.com/?qs=78dad6d2c5d009847802e3aa94342f4457a454112b1054a8d1078891b3e16051b77f90f304fab173 https://click.response.cnbc.com/?qs=78dad6d2c5d009849906dffc072c46477bfbe12dcb191e9fb664a964b65d39dbdaf1a34c64afefee Samsung said it's https://click.response.cnbc.com/?qs=2b51e8a35a27e11d9908610ee2324f80aeb1f86f20707f7328a964a9558c7883083c0c742cde5db1 stopped sales of its Galaxy Note 7 smartphone after it found "battery cell issues" in the device. Reports surfaced over the past few days in the U.S. and South Korea that Note 7 handsets were "exploding" during or after charging. (CNBC) Hewlett Packard Enterprise (HPE) https://click.response.cnbc.com/?qs=2b51e8a35a27e11d9b92276e066ee22370097ebcb97b870e62d9a5b3894f48e33535a464cff6d4e3 is in talks with buyout firm Thoma Bravo to sell its software division, hoping to fetch between $8 billion and $10 billion. HPE has received offers for as much as $7.5 billion in a sale process managed by investment bank Goldman Sachs. (Reuters) High winds and heavy rain from https://click.response.cnbc.com/?qs=2b51e8a35a27e11dbdaeed9f0b4e704bd429107be60a70e6a933034ff0347fcae9797be3e6e051d2 Hermine slammed Florida's northern Gulf Coast Friday. Power outages left tens of thousands of households in the dark, as the first hurricane in 11 years made landfall in the state. The storm struck near St. Marks just after midnight. (Reuters) For the first time, mosquitoes in Miami Beach https://click.response.cnbc.com/?qs=2b51e8a35a27e11dd428953a8696b6932acd2e5bb863a71d29fc7d197f0d792b3d9ea38f66a8672b have tested positive for the Zika, a disappointing confirmation that the virus remains active in the area. The first cluster of cases was found in a Miami neighborhood called Wynwood. (NY Times) https://click.response.cnbc.com/?qs=2b51e8a35a27e11d263afcc7fa762f74f62524eec6a7f36ae43ae0ee97ce5ef0b0ddaf3a175a6424 Hillary Clinton released today a new plan to combat soaring drug prices, following the latest public outcry over Mylan's nearly 400 percent increase in recent years of the cost of EpiPens. (CNBC)Donald Trump https://click.response.cnbc.com/?qs=2b51e8a35a27e11d313ae44e25fe130b2b2a93023122a3951c19bc8cd2123c4958733a42c68be59d has tapped Citizens United President David Bossie to serve as deputy campaign manager. Meanwhile, the GOP presidential nominee https://click.response.cnbc.com/?qs=2b51e8a35a27e11d296c61b1b3c933686f976eae0f9fe0897c435f7f67c29fe46ddcc2f660cc82dd has narrowed the gap in critical swing state of Pennsylvania. Polls indicate Clinton's negatives were surging. (AP & CNBC) https://click.response.cnbc.com/?qs=2b51e8a35a27e11de305ef2f5367aca5dce712cb52e4f3cd02e973438fd5b3bcfe31e1459568b926 In direct response to Trump's immigration speech in Phoenix, the Clinton campaign is paying six figures to air a TV ad titled "Role Models," starting today. Clinton is attempting to tap into the growing Latino population in Arizona. (USA Today) Clinton is having her https://click.response.cnbc.com/?qs=2b51e8a35a27e11d5dc4c5c58161ae210510f3f569f16b154876d787e646fa841390583e8afeb3fe best fundraising month , raking in $143 million in August, a 58 percent jump from July. The campaign is being driven by large contributions to the Democratic party. Trump's campaign has yet to release August numbers. (Washington Post) https://click.response.cnbc.com/?qs=2b51e8a35a27e11da2557e0df86456b560bc4f145a81df9c2eb0ff04672fbcbf66870b2eff60a504 Melania Trump filed a lawsuit against the Daily Mail and a Maryland political blogger on Thursday for publishing "false and tremendously damaging" statements claiming the would-be first lady previously worked as an "escort." (NBC News)Inspired by Colin Kaepernick, Seattle Seahawks cornerback Jeremy Lane https://click.response.cnbc.com/?qs=cfd190ca834be63fd699678e083e8465fc77f41bce0bdaf082f31643af51c3273ac41e8388938a78 sat during the national anthem before Thursday's preseason game. Lane followsthe lead of the San Francisco 49ers quarterback's response to strained race relations in America. (USA Today) BY THE NUMBERS At the G-20 meeting, which kicks off on Sunday in China, President Barack Obama is expected to address https://click.response.cnbc.com/?qs=cfd190ca834be63fff7e2abd4109f913705d2c403e1cf03439ebed3c14e99fc43d8dc61aba2c2e87 corporate tax avoidance and creating a fairer global tax system. The issue was front and center this week with the EU's order against Apple (AAPL) In addition to the jobs numbers, the government is out with two more economic reports this morning: July trade deficit figures at 8:30 a.m. ET and July factory orders at 10 a.m. ET. Richmond Fed President Jeff Lacker speaks at 1 p.m. ET on interest rates in an appearance at an economics conference. Lacker is not a voting member of the central bank's policy committee this year. August turned out to be a good month for hedge fund titan Bill Ackman, with a https://click.response.cnbc.com/?qs=cfd190ca834be63fe58e88b1c01f763ba870e0bdfaad5f21dabfe6c6f15995d0593b8f9f246a6cd9 nearly 6 percent return . But the billionaire's Pershing Square Capital is still on track for a 14 percent decline this year. McDonald's (MCD) is getting https://click.response.cnbc.com/?qs=cfd190ca834be63ff084d7d6a92a2061b72dc55d4fed00a1c54abdd96c34426d043c503530225866 more interested bidders for its planned sale of locations in China and Hong Kong. Private equity firms Carlyle (CG) and TPG have joined separate consortiums to bid for those stores. Marriott's (MAR) deal to buy rival hotel operator Starwood (HOT) https://click.response.cnbc.com/?qs=cfd190ca834be63faa741bbf0fff7793d8c15acde4c36529ab16d048b1ceaac04976cb6d8242e297 remains under review by China regulators, according to Dow Jones. Officials have now extended their examination for a third time. STOCKS TO WATCH Verifone (PAY) is cutting its fourth quarter and full-year outlook. The move comes after the payment technology maker's third quarter revenue missed estimates.Lululemon (LULU) reported adjusted quarterly profit of 38 cents per share, a penny above estimates. Revenue was in line. But investors were focusing on weaker than expected guidance from the yogawear maker.Broadcom (AVGO) earned an adjusted $2.89 per share, 12 cents above estimates, with revenue slightly above. The chipmaker also predicted current quarter revenue slightly above consensus.Smith & Wesson (SWHC) came in 9 cents above forecasts, with adjusted quarterly profit of 62 cents per share. Revenue was also above estimates. The gunmaker also gave strong forward guidance.Ambarella (AMBA) posted adjusted quarterly profit of 54 cents per share, 16 cents above estimates. Revenue also beat. Shares of the make of image processing chips remain under pressure, however, due to a series of losses by major customer GoPro (GPRO).Gap (GPS) reported a 3 percent drop in August same-store sales, a much larger shortfall than expected. The biggest drop came at the retailer's Banana Republic brand, which saw a 10 percent decline.United Parcel Service (UPS) announced a 4.9 percent average rate increase for its freight service, effective Sept. 19, and a similar increase for the company's other services which goes into effect on Dec. 26.Harley-Davidson (HOG) is cutting about 200 jobs as the motorcycle maker adjusts its production schedule to account for a lower shipment forecast for 2016. WATERCOOLER Starting today, thousands of video game fans https://click.response.cnbc.com/?qs=cfd190ca834be63f34216afd3d4c3075523b7ab9c1e432d0886118d8c8eeed300794890f216a82ae crowd into The Forum ,former home of the Lakers, for the next release of Activision Blizzard's (ATVI) "Call of Duty," the top-selling PC and console video game in the U.S. for six years in a row. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=cfd190ca834be63f68a8316b36f5492910eb9b0d194a039c43bec642ca4cd865cf78dd6912355b5a https://click.response.cnbc.com/?qs=cfd190ca834be63f68a8316b36f5492910eb9b0d194a039c43bec642ca4cd865cf78dd6912355b5a Matthew J. 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