Karen Moscow

Edition podcast each morning for the stories that matter with the context you need.

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I'm Karen Moscow.

We have breaking news on the jobs front this morning.

Traders dialing back their bets on rate cuts from the Fed after a big upside surprise from the January jobs report.

And Bloomberg's Jonathan Farrow has the numbers.

And that's Bloomberg's Jonathan Farrow, who says this report also includes annual benchmark revisions to the jobs numbers through last March.

That adjustment subtracted 862,000 jobs, and that's more than economists expected.

Traders are now shifting bets on the next rate cut from the Fed from June to July.

So treasuries are declining after that stronger-than-expected reading on employment, and futures are rising, the dollar advancing.

S&P futures there up for tenths of a percent.

Dow futures up half percent.

Nasdaq futures up about half percent now.

Ten-year treasury yield at 4.19 percent.

Now to some other stories we're following this morning.

Authorities have released a man detained in connection with the disappearance of Nancy Guthrie, the mother of Today Show host Savannah Guthrie.

The man, who only wants to be identified as Carlos, said he was detained after a traffic stop.

He said he did not know who Guthrie is or why law enforcement thought he might be connected to her kidnapping.

We get more with Bloomberg's Laura Davison.

And as Bloomberg's Laura Davis said, Nancy Guthrie was reported missing on February 1st.