US Jobs Report Delay, Auto Loan Delinquencies, and JBS Business Update

Jobs Report and Inflation Data

• 🗓️ The September jobs report will be released on November 20th, following a delay due to a government shutdown.
• 📈 Inflation-adjusted earnings for September will be issued on November 21st.

Market Performance

• 📊 Markets closed the week mixed, with the Nasdaq gaining 30 points driven by tech stocks.
• 📉 The Dow fell 310 points and the S&P lost three points, influenced by concerns over the Federal Reserve's interest rate decisions in December.

Auto Loan Delinquencies

• ⚠️ A record number of Americans are falling behind on car payments, with the share of risky borrowers at least 60 days past due reaching 6.65% in October.
• 📌 This marks the highest percentage for auto loan delinquencies dating back to 1994, impacting subprime lenders.

JBS Business Update

• 🥩 JBS, the world's largest meat supplier, reported a quarterly operating loss in its U.S. beef business.
• 📉 The company's North American beef operations incurred an adjusted loss of $42 million in the third quarter due to cattle shortages.