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U.S. Morning Call: July jobs seen weak, may spur Fed to act

Friday, August 03, 2012 - 03:14

Aug 3 - Economists polled by Reuters expect non-farm payrolls to have inched up to 100,000 in July, raising expectations for Fed intervention.

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July jobs report on the minds of investors and where's the capital at night capital here US morning call for this Friday. Hiring in the US picking up to us now pays for July. Economists polled by about polled by Reuters expect nonfarm payrolls have crept up from 80000 in June to 100000. In July. It changes the small enough to keep the federal -- on track to stimulate the economic recovery. If the number is below 100008. Could prompt that third round of bond purchases sooner rather than later. The slowdown in jobs since the winter can also mean bad news broke Bob at the polls. A recent -- so survey showed 36% of registered voters believe Mitt Romney has a better plan for the economy. Compared to 31% who had me in Obama's policies. US stock futures are moving up as traders await the final jobs figures due at 8:30 AM. Investors also focusing Knight Capital One of the leading market makers in US stocks. A software glitch costing the company 440. Million dollars and 45 minutes. And now the firm is looking for help many of the company's biggest customers including retail brokerage TD Ameritrade stopped -- waters tonight. The stock is down in the premarket trading close to two dollars and what a fall it has been. Just that we can go the stock trading close to thirteen dollars. -- capitals disaster has once again -- Wall Street firms regulators to weigh the pros and cons of high frequency trading. This system is just too complicated to work. The plot thickens in the story of the London well the Wall Street Journal reports the trader Bruno excel. Was urged by his boss to boost the value of ads that -- -- Emails and voicemails and -- boss. Mark and our top with the man who prodded him on. He listens to. -- from the company. JPMorgan could not be reached for the blunder has so far cost the bank close to five point eight billion dollars. Shares of JPMorgan closed at 35 at the end of trading on Thursday. And stocks to watch let's start with RBS the bank reported a net loss of three billion dollars. The bank is bracing it sells itself -- a lie or related suits. Next up link didn't totally defied the social media slot. Shares moving up in the premarket after the website reported higher than expected profit and raised its full year outlook. In earnings today Procter & Gamble in the spotlight all the more since bill -- pershing square recently took a stake in the company. Sales down in the fourth quarter PG also saying it will buyback -- billion worth of its shares this year. Also out today and YSE Euronext but to 20% drop in net income from trading losses. And reporting after the ballot as Warren Buffett's conglomerate Berkshire Hathaway expects strong second quarter results from the company. Your morning call this Thursday you can follow us on Twitter act Reuters Insider and we check -- our Reuters YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is writers.

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U.S. Morning Call: July jobs seen weak, may spur Fed to act

Friday, August 03, 2012 - 03:14