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US jobs report; Bumper quarter for Samsung; China tech hit

1. Jobs, jobs, jobs: The unemployment rate fell to 3.7% in September, the lowest level sinc...

Posted: Oct 5, 2018 1:30 PM
Updated: Oct 5, 2018 1:30 PM

1. Jobs, jobs, jobs: The unemployment rate fell to 3.7% in September, the lowest level since December 1969.

The US economy added 134,000 jobs last month, below expectations and the monthly average for the year. The Labor Department said Hurricane Florence impacted jobs results.

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Wages grew 2.8% year on year.

2. Samsung's bumper quarter: Samsung (SSNLF) announced Friday it expects to deliver the highest quarterly earnings ever.

The South Korean firm said its operating profits will reach as much as 17.6 trillion won ($15.6 billion) for the three months ended in September. That's a jump of more than 20% from the same period a year earlier.

The world's largest smartphone maker will report full results at the end of the month.

Samsung shares ended the trading session unchanged on Friday. The stock has fallen about 12% so far this year, weighed down by concerns about future demand for memory chips.

3. Trouble for China tech: Shares in Chinese tech hardware makers took a hit after Bloomberg News reported that the Chinese military hid tiny microchips in computer motherboards that were sold to major US companies including Amazon (AMZN) and Apple (AAPL), allowing hackers to access any network that included the affected equipment.

Amazon and Apple both strenuously denied the report, which didn't link any Chinese tech companies with the alleged infiltration. But in Hong Kong trading, computer maker Lenovo (LNVGF) plunged 15% and telecom hardware maker ZTE (ZTCOF) sank 11%.

The Chinese Foreign Ministry didn't respond to a request for comment on Friday, which is a public holiday in the country. The Shanghai Composite was closed.

4. Global market overview: US stock futures were pointing lower.

Markets in Europe and Asia were also down.

The Dow Jones industrial average and the S&P 500 closed 0.8% lower on Thursday. The Nasdaq plunged 1.8% and Netflix shed 3.6%.

5. Earnings and economics: A report on the US trade balance will be released at 8:30 a.m.

Unilever (UL) announced Friday it has given up on a plan to move its headquarters out of the United Kingdom and use Rotterdam as its sole legal home.

Shares in the global consumer goods company dropped 0.7% in London after it said the change "has not received support from a significant group of shareholders."

6. Coming this week:Friday — US jobs report

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Illinois Coronavirus Cases

(Widget updates once daily at 7 p.m. CT)

Confirmed Cases: 358799

Reported Deaths: 9605
CountyConfirmedDeaths
Cook1681395382
DuPage21470603
Lake19856507
Will17354424
Kane15802344
Winnebago9464172
St. Clair7674215
Madison6893153
Champaign581928
McHenry5803120
Peoria433667
McLean396731
Rock Island376689
Unassigned3632260
Sangamon362661
Kankakee322478
Macon273349
Kendall252129
Tazewell247549
LaSalle223560
DeKalb216842
Coles182238
Williamson176159
Boone170925
Adams170115
Clinton166325
Vermilion15928
Jackson146226
Whiteside124125
Randolph119514
Knox118112
Ogle11217
Effingham11033
Grundy9037
Marion89116
Franklin8888
Jefferson88644
Monroe87328
Bureau86617
Morgan85424
Stephenson8517
Henry8107
Christian79426
Macoupin75110
Union74625
McDonough68716
Fayette65222
Lee6411
Crawford6366
Shelby61110
Livingston58610
Douglas5848
Montgomery57015
Woodford55814
Logan5534
Saline5119
Bond4809
Warren4677
Iroquois46419
Jersey46221
Wayne46111
Cass45311
Fulton4461
Jo Daviess4467
Perry41216
Moultrie3805
Carroll3728
Johnson3270
Richland32215
Lawrence3178
Clay29112
Clark28810
Hancock2884
Washington2861
Pike2814
Greene27615
Cumberland2606
Jasper25710
De Witt2463
White2421
Mason2391
Mercer2296
Pulaski2281
Piatt2200
Wabash2155
Ford18611
Menard1651
Edgar1468
Marshall1413
Massac1412
Henderson1150
Hamilton1132
Alexander1101
Gallatin1062
Brown1030
Edwards1010
Scott980
Putnam880
Schuyler831
Stark822
Calhoun670
Hardin500
Pope371
Out of IL20

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Confirmed Cases: 152396

Reported Deaths: 4023
CountyConfirmedDeaths
Marion24905785
Lake13380352
St. Joseph8985161
Elkhart8530132
Allen7978222
Hamilton6000113
Vanderburgh567560
Tippecanoe358714
Monroe322238
Hendricks3221130
Johnson3051128
Porter303648
Clark289161
Delaware284574
Vigo256038
Madison232493
Cass222822
LaPorte220958
Warrick190065
Kosciusko179224
Floyd177367
Howard160066
Bartholomew139758
Dubois136726
Marshall134226
Henry123429
Grant122639
Wayne122127
Boone119548
Hancock115645
Noble114633
Jackson109413
Morgan93040
Dearborn92828
Daviess85333
Gibson84911
Clinton82916
Lawrence82634
Shelby80330
LaGrange77715
Harrison74824
Knox72110
Putnam71616
DeKalb69911
Posey6896
Fayette61417
Steuben6118
Miami5875
Montgomery57822
Jasper5744
White57215
Greene52137
Scott51013
Decatur49939
Adams4815
Whitley4426
Clay4396
Sullivan42913
Ripley4278
Wells4205
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Starke3977
Orange38825
Huntington3805
Spencer3746
Franklin36625
Washington3632
Jennings36013
Fulton3472
Randolph3439
Jefferson3305
Pike32915
Carroll31713
Perry29714
Jay2946
Fountain2883
Tipton27023
Vermillion2251
Newton22211
Parke2223
Rush2084
Owen2031
Blackford1983
Martin1960
Crawford1531
Pulaski1481
Brown1303
Ohio1247
Benton1080
Union1060
Switzerland900
Warren761
Unassigned0233