Jobs report, Gap's weather problem, a new tariff lawsuit and more in Morning Squawk
The Morning Squawk newsletter covers the February jobs report, market volatility, Gap's sales slump due to weather, a lawsuit against new tariffs, and a Homeland Security shakeup.Summary
CNBC's Morning Squawk newsletter highlights key events impacting investors. February's jobs report is due, with expectations of 50,000 new positions and a 4.3% unemployment rate, though concerns remain about the labor market's health. Stock futures are down following a volatile week influenced by geopolitical tensions and rising oil prices. Gap experienced a sales decline due to severe winter storms and store closures, while Costco exceeded expectations and may lower prices if tariffs are refunded. A lawsuit has been filed by attorneys general from two dozen states challenging the Trump administration's newly announced global tariffs, alleging misuse of trade law and constitutional violations. Finally, Homeland Security Secretary Kristi Noem is being replaced by Sen. Markwayne Mullin following disagreements over a DHS ad campaign and ongoing funding impasses.
(Source：Cnbc)