An employee hiring sign is seen in a window of a business in Arlington, Virginia, April 7, 2023. Elizabeth Frantz | Reuters
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day:
1. Economics 101
Investors and economic policymakers alike are counting down to this morning's delayed nonfarm payroll report, due out at 8:30 a.m. ET. The data comes less than a week after the Federal Reserve cut interest rates and as the race to lead the central bank takes another turn. Here's what to know: Economists polled by Dow Jones are expecting this morning's report to show that the U.S. added 45,000 jobs in November and that the unemployment rate ticked up to 4.5%.
Fed Chair Jerome Powell warned in his news conference last week there has been a "systematic overcount" of jobs numbers recently, which could lead to large revisions.
Meanwhile, the market is increasingly unsure of who will succeed Powell. Sources familiar with the matter told CNBC's Steve Liesman that National Economic Council Director Kevin Hassett's candidacy has received pushback from people close to President Donald Trump.
Traders are heading into this morning's jobs report on their back foot. The three major indexes finished yesterday's session in the red, once again dragged lower by artificial intelligence stocks as financing fears lingered.
Jobs data is sharing the spotlight this week. The November consumer price index is due out on Thursday after also being held up by the government shutdown.
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2. Repair bills
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