NewsWare’s Trade Talk: Thursday, October 5

S&P Futures are slightly lower this morning ahead of this morning employment report. Markets will be paying close attention to the employment reports due out today and tomorrow. In addition, today's calendar has a heavy dose of FedSpeak. Tech shares are showing some positive action this morning. The UAW and the automakers are said to have made progress on a new contract. Food stocks are on watch as WMT executive correlated a slowdown is snack sales to the increase in weight-loss drug use. In Europe, stocks flat to higher this morning. Oil futures are down over 2% that is in addition to yesterday's 5% drop.