The Day Ahead: April Jobs Report, Warner Bros. Earnings & 'Guardians of the Galaxy Vol. 3' in Theaters

Closing Bell

The Day Ahead: April Jobs Report, Warner Bros. Discovery Earnings & 'Guardians of the Galaxy Vol. 3' in Theaters

Right. Let's look ahead at the event. Sure to move markets tomorrow. It is the big jobs Friday. It's honestly the biggest moving day really for the stock market every single month. And we are going to get that report out at 8 30 AM Eastern. So March's numbers show that the economy added 236,000 jobs in a sign that the jobs market could be cooling off. Economists expect the US added some 180,000 jobs in the month and that would be the smallest monthly gain since 2019. Aside from the first year of the pandemic, we'll also see if April's numbers were affected by the huge wave of layoffs across the economy in recent weeks and we do have some earnings on tap tomorrow all before the bell. Since it's a Friday, we'll be seeing reports before the market opens mostly in the entertainment space, Warner Brothers Discovery Theater chain Cinemark at A MC also set to report and it is a big report for Warner Brothers Discovery as the company just recently announced a big rebrand, changing its flagship streaming service HBO Max to Max. That's the new name and adding a big slate of content from its Discovery Division that's gonna launch on May 23rd. The company faces broader macro pressures including intense competition in the streaming space and still high inflation. We'll also see if the company has any comment on the ongoing writers strike in Hollywood and the summer box office kicking off tomorrow with the newest entry in the Marvel Cinematic Universe Guardians of the Galaxy volume three hitting theaters on Friday looks like James Gunn is going to have a lot of people sobbing over ac G I talking raccoon. The film marks the end of Marvel's Guardian of the Galaxy trilogy and will also be Gunn's last MC U project because he's now co CEO of rival DC studios. Well, Guardians three reunites the writer director with Chris Pratt, Zoe Saldana, David Bautista, Bradley Cooper and Vin Diesel. The Hollywood reporter projecting the film is going to open with $120 million at the domestic box office. The movie also expected to end the four week box office reign at the Super Mario Brothers movie which also stars Chris Pratt. So the actor could have the two biggest movies at the box office this weekend for him.