What’s Happening Today: Friday, December 5



  • Nonfarm Payrolls (8:30 AM) This is the BIG one, especially after all the layoff numbers today. Estimates are for job losses in the mid-300k range, but you know there’s always the whisper, and some are thinking that iti could go is deep as 500k losses.
  • Unemployment Rate (8:30 AM)


  • House Auto Hearings (9:30 AM) After speaking to the Senate today, Nardelli, Wagoner and Mulally will plead their case to the House. We hope Barney Frank & Co. were watching TV today, so that their questions aren’t just a retread.