Jun 7 - Employers likely stepped up hiring only slightly in May, a sign the Federal Reserve may need to continue its monetary support.
Let's kick off your morning call for Friday. Investors will be folks on today's jobs report because the Fed's next move will depend on what it says. Estimates for nonfarm payrolls and eight point slow growth. Which means the labor market may still need that that felt that could be good news for stocks. The unemployed. Unemployment re also expected stay as is at seven point 5%. One of the key numbers folks -- it will be labor force participation rate. Which is stuck at 63 point 3% in April the second straight month that it's been at a 34 year hello. And it -- that we elect economic data such as inflation rate which remains on the target 2%. Many economists -- that will only begin scaling back on purchases at the end of the year and not and that meeting on June. While investors wait and watch US stock futures are doing their dance pointing to a lower open. Without having it all this week a court ruling that apple infringed on patents but subsequent import and an older apple products. And report defense surpassed apple in US Smartphone market share and hate. So just what happened overnight offense stance on shares dropped 6%. Raising twelve billion dollars in market now. Well outrage tech giant got hit with a few brokerage downgrades most notably JPMorgan -- flash its earnings estimates that. Sales of its high and ask for phone have slowed significantly. Also launched its new cheaper at four models have raised concerns that the sound is trading in profits for volleying. They just can't we. Now this could be Apple's time to shine when analysts thing with -- -- expect -- announcement or your iPhone training program. And new cheaper iPhone all pro growth prospects were absent phones and -- Spies collecting phone records -- in servers that -- -- in the White House. Like the plot of a political thriller doesn't. But it's something way more serious. News reports on government surveillance program or prison -- servers of a number of tech companies were. Apple Google FaceBook Microsoft and Yahoo! among others most of the companies quickly denied any involvement with the officials at apple thing. If it were that had never heard of the program. Nevertheless the program disclosure could raise issues protect companies like Google which fits on a treasure trove of personal information about users. Just yesterday it was revealed that Verizon. Was cooperating with the government on phone data. Washington just -- programs saying it's mostly being used plant in formation from foreigners. And we leave you with this waiters exclusive. Sources tell Reuters that force laboratory is trying to avoid another bitter proxy fight by keeping billionaire investor's shareholder activist Carl Icahn it day. I'm on fourth largest shareholder and the company have been in discussions over the course of the year and talks are ongoing. To avoid a third proxy fight -- many years. There is however no guarantee of a friendly found. Not a force which is searching for a successor longtime chief executive parts found no icon could immediately be reached for. And that's it clear Friday morning call them the ball on Twitter Reuters life portrait. -- Reuters. -- --