News Bulletin
Friday, June 5th, 2026
Morning Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Friday, June 5, 2026 |
||||
|
8:30 |
Average Hourly Earnings (MoM) (May) |
|
0.30% |
0.20% |
|
8:30 |
Nonfarm Payrolls (May) |
|
85K |
115K |
|
8:30 |
Unemployment Rate (May) |
|
4.30% |
4.30% |
|
8:30 |
Private Nonfarm Payrolls (May) |
|
85K |
123K |
|
8:30 |
Average Hourly Earnings (YoY) (YoY) (May) |
|
3.40% |
3.60% |
|
8:30 |
Participation Rate (May) |
|
|
61.80% |
|
8:30 |
U6 Unemployment Rate (May) |
|
|
8.20% |
|
8:30 |
Government Payrolls (May) |
|
|
-8.0K |
|
8:30 |
Manufacturing Payrolls (May) |
|
2K |
-2K |
|
8:30 |
Average Weekly Hours (May) |
|
34.30 |
34.30 |
|
13:00 |
U.S. Baker Hughes Oil Rig Count |
|
|
429 |
|
13:00 |
U.S. Baker Hughes Total Rig Count |
|
|
562.00 |
|
15:00 |
Consumer Credit (Apr) |
|
17.80B |
24.86B |
|
15:30 |
CFTC S&P 500 speculative net positions |
|
|
-165.8K |
|
15:30 |
CFTC Nasdaq 100
speculative net positions |
|
|
-6.1K |
|
15:30 |
CFTC Gold speculative net positions |
|
|
154.3K |
|
15:30 |
CFTC Crude Oil speculative net positions |
|
|
161.0K |
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
51,561.93 |
48,982.27 |
47,862.25 |
|
NASDAQ |
26,830.96 |
24,697.42 |
23,300.26 |
|
S&P 500 |
7,584.31 |
7,139.94 |
6,854.25 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap : market Capital/ BMO :
Before Market Opening /AMC : After Market Close)
|
NAME |
COMPANY |
Mkt CAP |
EPS (Forcast) |
EPS (Actual) |
Rev (Forcast) |
Rev (Actual) |
Time |
|
SENEB |
Seneca
Foods Corporation Class B |
$958.47M |
|
|
|
|
|
|
SENEA |
Seneca
Foods |
$958.47M |
|
|
|
|
|
|
GIII |
G-III
Apparel Group |
$1.36B |
-0.3 |
(+170.23%) +$0.21 |
$529.07M |
(+7.74%) +$570M |
BMO |
|
GASS |
StealthGas |
$342.85M |
0.38 |
(0%) +$0.38 |
$38.40M |
|
BMO |
|
ABM |
ABM
Industries |
$2.29B |
0.88 |
(-17.05%) +$0.73 |
$2.21B |
(+3.4%) +$2.29B |
BMO |
Market
News:
By 03:36 ET (07:36 GMT), the Dow futures contract was higher by 61
points, or 0.1%, S&P 500 futures had fallen by 32 points, or 0.4%,
and Nasdaq 100
futures had declined by 290 points, or 1.0%.
The tech-heavy Nasdaq Composite
dipped by 0.1% in the prior session after an earnings report from chip giant
Broadcom failed to live up to lofty Wall Street expectations, sending shares in
big-name tech peers like Micron, Intel, and Advanced Micro Devices down
sharply.
Manchester
United is exploring options to refinance $425 million of
debt set to mature next year through the private placement market, according to
a Bloomberg report on Friday.
The Premier League club is reportedly in early discussions with banks but
has not finalized plans for the refinancing, the report said. Banks and
institutional investors have shown interest in the transaction.
Apple Inc.
(NASDAQ:AAPL) is positioned to monetize artificial intelligence
through partnerships and services without matching the estimated $200 billion
annual capital expenditure of peers, according to Bernstein. Apple’s WWDC 2026
runs from Monday, June 8 through Friday, June 12. The keynote begins June 8 at
10:00 am PT.
TD Cowen increased its global sales forecast for GLP-1 treatments to $150
billion by 2030, up from a previous estimate of $139 billion. The projection
covers both Type 2 diabetes and obesity treatments. Eli Lilly (NYSE:LLY) and
Novo Nordisk (NYSE:NVO) are forecast to maintain their market leadership,
with projected value shares of 62% and 31%, respectively.
Bank of America reports that auto collision repair volumes remain
depressed, with sales at Quality Collision down 12-14% in April and May as
insurance claims continue to decline and the industry struggles to recover from
cyclical lows. Advanced
driver assistance systems are expected to reduce accident rates over time, but
ADAS-enabled vehicles represent only about 30% of registered vehicles given the
average age of the U.S. car fleet. Robbins said roughly 60% of drivers with
ADAS features have at least one turned off. The technology is
most effective at reducing front and rear-end collisions by 50%, but
these account for only 5-6% of insurance claims.
Quality Collision in January 2026 selected PPG Industries (NYSE:PPG)
as its refinish paint provider after a competitive bidding process that
included incumbent Akzo Nobel and Axalta
Coating Systems (NYSE:AXTA). Bank of America estimates the win will boost
PPG’s refinish sales by 2%. Robbins noted that while AXTA can offer potential
savings, execution requires tighter process controls that have caused friction
at past shops.
Sherwin-Williams
(NYSE:SHW) has improved its offering most over the past five
years, according to Robbins, particularly in reporting and analytics tools that
help multi-site operators manage costs and productivity. The firm noted
Sherwin-Williams is gaining share, including some new traction at Caliber from a switch away from Akzo
Nobel.
For
internal use only