GameStop earnings, JOLTS labor data: What to Watch

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Time now for what to watch Tuesday, December 9th.

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We’re going to start off on the earnings front. More reports coming in on Tuesday including Autozone, Campbell soup, and GameStop.

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Campbell’s reporting first quarter earnings before the market’s open, and it’s expecting Campbell sales to fall 4 to 5% this quarter because of an unusually strong year last year.

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The company’s also dealing with tariffs and higher marketing costs.

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Taking a look at the labor market as well. We’re going to be getting a read on small businesses on Tuesday with the NFIB optimism Index.

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Economists forecast the November number to edge slightly higher to 98.3, signaling a wait and see mood among small businesses and that owners feel about the same level of confidence and concern as they did in October.

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Sticking with labor, the October job openings and labor turnover survey is coming out on Tuesday.

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Job openings expected to hold steady at 7.2 million compared to August.

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Remember, September data not released due to the government shutdown.

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The new data signaling no major shift in the hiring momentum, and demand for workers is stable.

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