By WSJ Staff

How well is the economy faring under President Trump? Investors will get fresh insight this week, with Friday's jobs report the likely highlight.

Meanwhile, Federal Reserve Chair Jerome Powell and several colleagues are due to speak, in their last public remarks before the Fed's March 19 interest-rate decision.

This week's earnings calendar includes results from chip makers such as Broadcom and Marvell, plus updates from retailers such as Costco, Target, Gap and Macy's. Here's a rundown of what to watch:

Today

-- Data: Manufacturing PMIs, or purchasing managers indexes, are due from S&P Global at 9:45 a.m. ET, and from ISM at 10 a.m.

-- Earnings: Okta is due to report after the closing bell.

-- Speakers: St. Louis Federal Reserve President Alberto Musalem, who sits on the Fed's policy-setting committee, is scheduled to speak on the economy.

Tomorrow

-- Tariffs: President Trump's new levies on imports from Canada, Mexico and China are due to take effect.

-- Earnings: Target, Autozone and Best Buy are due to report before the bell. Crowdstrike is on deck after the close.

Wednesday, March 5

-- Data: Services PMIs from S&P and ISM are due at 9:45 a.m. and 10 a.m., respectively. In late February, preliminary, or "flash", PMI readings from S&P showed services activity hit a 25-month low.

-- The Fed's Beige Book, which compiles economic anecdotes from around the U.S., follows at 2 p.m.

-- Earnings: Campbell's and Abercrombie & Fitch are due before the bell; Marvell Technology reports after the close.

Thursday, March 6

-- Data: Reports on U.S. productivity for the fourth quarter and the January trade deficit are both due at 8:30 a.m.

-- Earnings: Expect Macy's and Kroger before the bell; Broadcom, Costco, Gap, and Hewlett Packard Enterprise are due in the evening.

-- Speakers: Fed governor Christopher Waller will discuss the economic outlook with correspondent Nick Timiraos at The Wall Street Journal's CFO Network Summit, at 3:30 p.m.

Friday, March 7

-- Data: The February jobs report lands at 8:30 a.m. Nonfarm payrolls likely grew by some 160,000 jobs, according to consensus estimates, up from 143,000 jobs in January. Unemployment is expected to edge up to 4.1%, from 4%.

-- Speakers: Fed Chair Jerome Powell is due to speak at 12:30 p.m. on the economic outlook. Governors Michelle Bowman and Adriana Kugler are also slated to speak.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 03, 2025 07:35 ET (12:35 GMT)

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