US Payrolls Rise Less Than Expected, Treasury Yields Gain, More
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News when you want it with Bloomberg News Now. I'm Karen Moscow. U.S. job growth missed forecasts in December, suggesting a continued softening in the labor market at year end. We get more with Bloomberg's Michael McKee.
50,000 is the change in non-farm payrolls with Net revision to October and November of a negative 76,000. So over the three months, we're down by 26,000. Changing private payrolls, 37,000. Manufacturing payrolls, we're down 8,000. The private payrolls is only half of what was forecast.
And that's Bloomberg's Michael McKee. The unemployment rate edged down to 4.4%, settling back after the record-long government shutdown. Now, bond yields rose after that job growth missed analyst estimates. Ten-year Treasury yield at 4.18% right now. The two-year yield at 3.51%. Futures, they added to their gains. S&P futures up 0.3%. So are Dow futures. NASDAQ futures up 0.4% this morning. Now to the latest on Venezuela, where President Trump says he's canceled a planned second wave of attacks on the country after Nicolas Maduro's ouster. He made the announcement in an early morning social media post, and Bloomberg's Kasia Klimaczynska has more from Washington.
President Trump posted on Truth Social praising Venezuela for releasing prisoners and saying that this second wave of attacks perhaps won't be needed now. But he emphasized that the U.S. Navy, U.S. ships, Coast Guard are still in the region and could be deployed.
And that's Bloomberg's Kasia Klimaczynska. President Trump is preparing to host a who's who of American oil executives at the White House this afternoon. This as he looks for their help in rebuilding Venezuela's oil industry. Meanwhile, the Wall Street Journal is reporting that the Coast Guard has boarded a fifth oil tanker in the Caribbean early today. In an interview with the New York Times, President Trump said ownership of Greenland is, quote, psychologically important to him. Trump says ownership gives elements that you can't get from signing a document. And the president also said he has instructed U.S. Immigration and Customs Enforcement to ease up on deportations of agricultural workers. Russia carried out a strike near Ukraine's western border with an intermediate-range ballistic missile known as Orshnik.
The unusual strike with the new nuclear-capable missile was a reminder of Moscow's readiness to brandish some of its most powerful weapons in the war, even as President Trump presses his effort to bring an end to the conflict. Iran restricting internet and phone access overnight to quell escalating protests across the country. This as its Supreme Leader warned that he won't back down against the demonstrators.
What were the latest U.S. job growth figures and their implications?
Wall Street is watching to see whether this is the day the Supreme Court decides on President Trump's emergency tariffs. The justices are scheduled to release their first opinions of the year later this morning, although it never says in advance which decisions are ready for release. We get more with Bloomberg News Global Trade Editor Brendan Murray.
The White House has a couple of options should they lose this case today. And again, like you said, we don't know. At 10 a.m. in Washington, they'll start reading some opinions, and one of those might be this tariff case.
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