Here’s what you need to know about the markets before you start your business day.
The Labor Department will give an update on how many jobs were created in July at 8: 30 a.m. ET.
Economists surveyed by CNNMoney estimate that the U. S. added 183,000 jobs in July, down from 222,000 in June. So far, 863,000 jobs have been created during Trump’s presidency.
The unemployment rate is expected to dip to 4.3%.
2. Toyota and Mazda factory in the U. S.: Toyota (TM) and Mazda have announced plans to build a $1.6 billion manufacturing plant in the U. S. that will create as many as 4,000 jobs.
The Japanese automakers said in a statement that the new facility would be operational by 2021, but did not specify where it would be built.
Mazda plans to build new crossover vehicles for the U. S. market at the plant, while Toyota will produce its Corolla model there.
Shares in Mazda (MZDAF) gained 2.8% in Tokyo on Friday.
The move is likely to be seen as a win for President Trump, who had pressured Toyota and other automakers to build more cars in the U. S.
3. RBS picks Amsterdam: The Royal Bank of Scotland said Friday that it plans to use Amsterdam as a European base if Britain makes a clean break from the EU after Brexit.
