Jobs report, consumer credit, Summer Games Fest: What to Watch

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Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to tomorrow, Friday, June 6, including the May jobs report, April's consumer credit reading, and the 2025 Summer Games Fest kicks off, where many video game developers like Sony (SONY), Microsoft (MSFT), and Nintendo (NTDOY, 7974.T) will be in attendance.

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All right, time now for what to watch Friday, June 6th, starting off, of course, with the labor force, we'll be getting May's full jobs report in the morning. Cons forecasting job growth to slow compared to April with 126,000 jobs being added to the US economy. Unemployment holding steady at 4.2%, signaling no major layoffs or job losses in May. And hourly wages ticking up to 0.3% on a month over month basis, suggesting that employers are still competing for those workers.

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Taking a look at the economy, we'll get some fresh data on the consumer coming out in the afternoon with consumer credit. Economists see a slight dip with that number coming in at $10 billion, hinting that Americans could be slowing down their use of credit cards and loans amid a challenging economic landscape for consumers.

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And finally, Summer Game Fest kicking off in Los Angeles. Major companies and brands from across the industry will be in attendance, including the big three console makers: Xbox, PlayStation, and Nintendo. This is coming as Nintendo did launch its long-awaited Switch 2 console earlier today.