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September jobs disappoint after hurricanes

Stocks are set to start off in the red after the monthly jobs report. Job growth sank last month after the economy lost 33,000 jobs with the unemployment rate falling to a new post-crisis low of 4.2%. Yahoo Finance’s Alexis Christoforous, Myles Udland, Justine Underhill, Seana Smith, and Jason Goldberg of Simple Token discuss the big stories of the day.

Today’s topics:

  • US loses 33,000 jobs in September due to hurricanes
  • S&P posts longest streak of record closes in 20 years
  • Treasury Department to release report on new market rules: Bloomberg
  • Costco falls despite big beats due to Amazon concerns
  • Yum China posts strong same-store sales, announces new CEO
  • Switch’s NYSE debut, expects to sell 31.25M shares at $17
  • Apple treads lower on expanding battery reports
  • Simple Token is helping businesses create their own branded digital tokens
  • Call of the week: Tesla could soar to $500 a share
  • NRA backs a form of regulation on bump stocks
  • Senator Warren raises crucial concerns on Equifax
  • Amazon shifting gears after passing on Emmy-winning hits