business report" with bill griffithnd sue herera. >> rally on, stocks surge as the market decides asrade war not something it wants t dwell on. at least not right now. focal point. tomorrow's jobs report will have the market's full attention as the conversation starts to shift to economic growth. we have the expectations. and gear ship. more and more automakers are going all in on suvs and untruc. so strategy or risky business? all that and much more tonight an tonight it's edition of "nightly business report" for this thursday, april the 5th. and we bid you a good evening, everybody. welcom i'm bill griffith. sue is off again this even. the beat goes on after st day's more than 700-point reversal from bottom to

stocks extended the rally again today on wall street as investors once againsiut fears of a trade war. the dow rose another 240 points today to close at 24,505. the nasdaq added 34. an the s&p tacked on 18. but the focus is about to shift now to jobs as the government's monthly employment report comes out tomorrow. today, wear got a up with the weekly jobless claims. the number of people filing for first-time unemployment benefits rose by 24,000 last week. that was a little more than was expected but the continuing claims which tracks the number of people currently on unemployment, thatll s remains near 45-year lows. but the big number isut tomorrow first thing. and there will be a lot of attention being paio it including by policy makers at the federal reserve. steve liesman tells us wha we might expect. >> reporter: the market tomorrow may be forced to make some tgh decisions about whether good

news is good news when it comes to jobs, or cld it be bad news for equities? then it's more complicated than that. which part of the news is good and which part is bad. here are the expectations for the jobs report tomorrow from the government. march non-farm payroll rising to 178,000 aft a strong 213,000 in february. the unemployment rate ticking down to 4%. average hourly wes seeing modest rise of .2%. the adp number was up 41,000, moore than expected pointing towards a strong report. the ahree monthrage of job growths that risen to a 17 month high of at242,000. far in excess of the growth of the working age population. over at ts lombard, economists there say quote the great u.s.io job cre machine is back gaining momentum. at the maliciousio report they noted a greating number of state revenue contacts those who count

the taxes suggest that skpel rags in wage growth may be playing a rol in strong withholding tax growth. the fed is on schedule to put in place two more rate hikes one in june andnother in the fall. a fourth hike seems a low probability for now but the jobs report tomorrow could change those plans. wages were something that jp morgan's crowe jamie dimon mentioned i his annual letter out to shareholders this morning. in it he wrote that many people derestimate the possibility of higher inflation and wages, custom means they might be in understi the chance that the federal reserve may have to raise rates faster than we all think. mr. diamond also said he wants the same outcome as president trump inegard to trade but that he would go about it in a given manner. > let's turn to our guest dan roth for more on the employment picture and whatti he's exp in tomorrow's big jobs report. he's editor in chief at linked in. dan, thank you for joining us. thanks for having me.

>> the 145 million users on linked in you believe give you a good samples of the jobs market and it trackso closely what the bureau of labor statistics reports on a machinely basis. what are you expecting to hear tomorrow about the march jobs number? >> it is 145 million in the u.s. 540 million worldwide. when we look at those u.s. numbers what we areing is a nearly 20% increase in hiring year over year last month. and a 3% month over month up crease. when we will be at what's going on with people updating their profiles saying where they are working hiring is still very hoinday. we are s double digit hiring rates every month for the last seven months. don't expect that to slow. i think the bls numbers will show something similar. itstrain doesn't stop in tracks. the hiring has been so ho ligh lately that it's more likely to keep up than it is to slow down. >> whe do you see the hiring,

blue collar or nstruction. >> financial services has been hottest for the last couple of months, and then it gets more blue collar. manufacturing autos and aerospace, and building have been some of the hottest --ti constr have been some of the hottest sectors in the last few months. >>s this cyclica what we are seeing here or did something else happen to spur the kind o job growth we are seeing right now. >> i think it is a been a number of factors of one is people were waiting the last year or so to see what happens in the economy, what was going to hap with the new administration. and for the last few months that ins been a feel the spring of last year there was a sense tax cuts were coming, deregulation was coming, companies startedpeng up their waltz a libt and hiring more and then the stock markeng has been ri so it makes it easier to decide to invest in the future. all of that has kind of fueled the animal spirits of hir g managers. once you start hiring you have to replace peoe -- someone leaves they get poached, they

believe you have got to replace th r position. ght. >> so the hiring tends to beget more hiring. >> i have a lot of questions but i'm running out of time here. do youee more old workers being able to fine jobs that they weren't able to find after theinancial crisis? >> it is clear that as companies need to fil positions they have to start thinking more creatively about who can't wait for the perfect person. they have the take chances maybe raiseras, maybe look use outside where they are located or have more remote workers. i think the idea ofirg more senior workers, people who might ve different skills and trying them out in this job ismp somethingyers are trying to do because they have got to get people into seats to do the work that needs to get done. >> quickly, last month, 313,000 jobs created. huge number. what do you think tomorrow's lo ns like? >> i going to pull out the crystal ball but i think it's going to be -- init's going to be an up number. init'sng to look good from -- more people are going to

be working than we are probably expecting. >> you are not going to gively a number but that's okay. >> i'm not giving y a number. >> dan roth with linked in, thank you for joining us tonight. >> thanks anwlot. mle the trade deficit rose to a nearly ten-year high in february as both imports and exports picked up momentum. the commerce department reported that the trade g rose by more than 1.5% to just under $58 billion. the trade deficit with chi actually fell, but it is still up about 20% this year so far. elsewhere on the trade front, the u.s., canada, andxi are apparently moving closer to a deal on a new nafta agement. ayla tausche tells us about that tonight. >> reporter: speaking in west virginia, presidentrump expressed some optimism that a nafta deal could get done. >> we are working very hard on nafta with mexico and annada. you know we will have something, i think, fairly soon. >> reporter: but you downplayed reports that there deal reached by next week's

ricas meeting a in lima, peru. >> they said let's have nta for it. i said don't rush it take easy. there is no rush. we will get it done right or we will terminate. >> reporter: time is running out for a deal to at the time done any agreement face as lengthy approval process in the u congress. elections are coming in mexico and popularity there is growing forhe anti-american candidate. and u.s. midterm elections could also createun rtainty. negotiators from canada and mexico wereng meetiith american counter-parts in dc. here's jared kushner with mexico's foreign minister this morning. from quebec, prime ministe trudeau also sounded optimistic. >> i believe we are at a moment where we are ming forward in significant way. hopefully there will be good news coming. >> reporter: sources s the three nations are getting closer to a deal on the amount of u.s. parts and automobiles and there have been production on

investing in each other's country. peter navarro talks about trade. >> the vision is to get to a world not dominated by massive trade imbalances driven by unfair non-reciprocal trade imbalances but rher free trade. >> reporter: they have a scheduled dinner tonight and m plan tot again tomorrow. even if a deal is agreed upon it would be in principle only with mu of the fine print still to be worked out. kayla tausche in washington. time to lock atda s glaids. stifel downgrading intel to hold from buy. the analyst thereaying the company could face pressure as the upgrade cycle for its computer server business peeks. the price target stays at $53. at the same time, stifel said it was seeing an opportunity for rival amdk to p up pc market share, so the firm has upgraded am to buy from hold.

intel closed up 3/4 of a percent to $50.38. d added 2.5% to $10.02. barclays upgraded merck to overweight from equal weight citing bullish proectsor its key lung drug. price target was raised from 64 to $62 a chair, merwe shares off a pen today. ubs upgrated citi group from ay to neutral the firm believing the risk reward for owning citi isew positive. says the profitability in its global consumer banking division should agree from here. price target was raised to 80 from $78. citi closed at 70.22 up more than 1%. ubs also raised fellow bank wells fargo from buy to neutral. whil chalacknowledging the

challenges it faces due to the scandal -- today's shares finished at 53.26 up a fraction. now back to the story that's been taking up all the oxygen over the pas couple of weeks, tariffs.il the stock market seems to believe that it's not going to lead to a trade war but instead are all part of the negotiation procou would never know it by the chinese state media who seem set on winning the pr war. eunice eun has more fromfo beijg us tonight. >> repter: if you only read the chinese state press you would probably believe that beijing just bested the trump administration. that's because the official press here has been reporting that china has just won the first battle in the u.s./china trade war. the papers here are citinp' president tr tweet in which he said we are not in a trade war with china. and quoti commerce secretary

wilbur ross on cnbc where he suctested that thesens are all headed for negotiations. >> i think it's very difficult to put a specific time denomination on negotiations that are as complex as rthese. orter: the people's daily posted a commentary bragging that china's tariffs, which target many agriculturalav products hit trump where it hurts and said bay gin's quick counter-attack hasaught the u.s. administration off guard. the china dily also ran a editorial saying china can't be coacced. theround of this is that president xi jinping and the communist party have been portraying themselves as a defend of chinese interests against the west. that's the image they are selling to the public in the state media and they can't be seen as backing down.g accordino the official state media that doesn't mean that the cor isn't open. according to thna daily today, if the trump administration is open for

negotiations then it's time for ptrump to give the useless tariff weapon. for "nightly business report," i'm eunice eun in beijing. china's proposed tariffs a rtain to impact the energy industry as well. but not where you might expect. our jackie deangelis has that part of the story for you tonight. >> reporter: chi targeting two areas in energy with proposed tariffs, propane and ethanol. while both products are eorted in relatively small quantities, china is a rising consumer. the u.s. energy information administration reporte last year that china consumed a little less than 15% of.s. propane exports. tariffs would make propane more expensive when imported. iat would make less attractive to buy from the chinese perspective. the risk to the propane market, prices could take a hit. less demand means for suovly. supply pushes prices down. meanwhile, chinese could get their propane from opec producing companies, namely

saudi arabia. from an ethanol prospective, exports were just getting started. tariffs would make ethanol prices less attractive and they can look for it i europe, brazil and canada. >> they will have to cut imports becausef the higher tariffs. that translates into less demand and will certainly impact the price of ethanol and propane which should push prices as the demand waned. >> reporter: crude oil isn't on china's lis of that's because the global oil market is so large if china stops taking u.s. crude other countries in the region will and it won't have a negative effect. the tariffs hit red state oducers directly. andna alysts say that's no incidence. for "nightly business report," i'm jackie deangelis. coming up, america'sy seemin insatiable appetite

for trucks and suvs is driving auto sales, and causing car makers to accelerate a new strategy. we will explain. saudi arabia's cro prince salman is meeting with silicon valley executives today. this visit is of course part of a multiwee u.s. tourhat the prince hopes will spur investment and economic velopment in his kingdom. michelle caruso carrera looks at what has been accomplished so far.

>> reporter: first stop for the crown prince of saudi arabiaon washind.c. for a meeting with president trump. >> thank you mr. president. >> reporter: followed by stops at harvard and mit with big plans fec thnology investments. next new york city. dozens of events including a last-minute late night press conference signing what they said was a $200 billion solar energy agreement with soft bank's sasan. plus a day long each with american ceos where they offered memorandum of understanding with companies like google and raytheon and held a panel on the changing role of women which included the head of the saudi stock exchange, saouh. >> are y going to learn to drive? >> of course i would love to have the chr:ce. >> reporff to the west coast for meetings with boeing, richard branson, amends, and bill gates among others. ty of the h the roy west coast. media executives, rupert murdoch, bob iger and oprah too,

thissiap opens to entertainment in the kingdom. enabling cinemas to operate in the kingdom after a 35-year long ban. they seem happy to sell goods or movie in saudi arabia but will they be willing to invest the big capital in the country that it needs t truly grow? when it comes to those deals, those memorandums of understanding that were announced there weren't a lot of details given to the press. so it is hard to know how meaningful they are. the bottom line, the crown prince is trying to chain the country's image when it comes to the general public and thein sting public. the key question, did he put to rest the question about o rule law after he put hundreds in prison at the ritz-carlton in riyadh accusing them of construction. whether this trip achieves what he wanted derends on wher not we see rl investments in the kingdom in the future. for "nightly business report" michele caruso-cabrera.

>> tonight's market focus. the seed compa sold less corn because there were fewer farms this the u.s. growing that crop. overall, revenue came in lower than expected. profits di see an upparticular thanks t and cotton businesses. money sano'shares were up to 118.05 today. delta and satisfactories say they were impact booed acyber security breach that may have compromiseders customers payment information. it occurred last september at a software company that provides online support to delta and sears. the two companies launched an investigation to determine the exte of damage. delta shares rose fractionally. sears rose nearly 3% to 297. >> software company net tab is launching a share buyback and is raising its quarterly dividend.

the company said it was hiking the dividend t 40 cents a share and shares rose to 2.. cleaning products maker wd-40 reported higherft profits the bell. sales were light. company said it expects sales tt riseen 7% and 9% this year overall.er shares volatile in after hours. they ended the regular session up 1.5% to $133. thank to a strong appetite for suvs and trucks, ford and gm plan to sto making three car models here in the u.s. ford sayst will shift its focus by 2020 to make more high margin suvs and trucks. but is this a good strategy? and how would potential tariffs play a role? joining us to talk about it tonight, david wiston is an auto analyst at morning star. thank you for jod ing us. >> gening. >> i'm fascinated by this story. ford for example, says that 90% ofheir sales by 2020 will be trucks and suvs. is this ay demographic p or

what's going on here. >> well, the whole u.s. industry has been moving away from sedans an into light truck models, pickups, minivans, suvs. in 2009 it was 45% light truck. and last year65 light truck. the winner is crossovers, things like theca , 35% on the market last year. they gained 230 bitsf share in '17 versus '16. the loser is midsized sedans, down 230 bits. >> we are buying the suvs and the trucks and the crossovers and the smallerf cars because the gasoline and the electric cars and so forth. but what happens to those sedans that were ao staple for s many years like the taurus which apparently is in danger now? >> right.it really could be the end of the era. for example, is rumored to be nixing the impala. nothing confied yet.

taurus and impala, full size sedans last year they were 1.5% of sales. the highest volume is in subcompact andrsompact ford is rumored to be getting rid of the fiesta. thee sta is the stereo typicale mids sedan. for the fusion, camera,da h accord. tot segment is losing share cross overs, the reason for your question here is really americans don't have to compromise on space versus fuel economy. you can get the best of both world in a crossover. y if want something big you go up to a ford expedition. >> i can remember in the '60s and early 70s had he detroit was going big on bigger cars and then we hadin the gas impact when the prices went sky high and they had to make the smaller cars. do they risk that again do you think? >> there is definitely risk when you are making a makeshift bet

traft pick. the thing is really nobody expects e gas tor get higher again. obviously -- there is history here with the oil embargo and whatnot. but you have got all this fracking going on. you have got a lot of extra supply. and frankly, between that and power trains and getting more pul efficient and a shift over time to hh drids and pure electric vehiclesy nob expecting sedans to be dominant anymore. >> thank you fto joining us ght. >> thank you. he's back, for the first time since 2015 towards is at the masters. g and that d news for golf. we'll tell you why.

the master's teed off today, and the golf industry iabus as tiger woods makes his first appearance in the tournament since 2015. as dominic chu tells us now, tigeseturn is proving to be a big boone for golf. >> reporter: there is no other time of the year that is more exciting for the game of golf than now. the master's is the game's first major ipchampion and there is more buzz this year thanks in large part to one >> tiger woods has had a lot of adversity in his life to come here now and possibly win a major, i didn't think he would beble to do that with all that he went through. it just shows what a competito he is

he's got a good chanceo win. he need him to win, he bngs out the people, the media, the sponsor, the public, everybody. >> reporter: according to data om ticket iq, the average resale price of a weekly pass to attend the master's this year is nearly $7700. that's more thanouble what it was last year. but the impact isn't just limited to what is happening for patrons this week. >> tiger's presence in everything is undeniable, right? the energy he brings to the sport. the awareness he brings to the sport. the attention he brings to the sport is simply incredible, right, and we have talked about that at length. specifically for taylor made hee helps us q a bit. >> reporter: that echos what golf data tech found in a study which showed that interest among golfero buy new equipment is the highest in three years. the hope is that interest is tang hold in a younger and more diverse set of potenti golfers.

>> junior golf has increased you be substantially over the past ten years, number one, from a raw numbers standpoint, and number two and maybe moretl import the face of junior golf has changed. today 33% of junior golfers are girls. and 24%f junior golfers are minorities and so if you buy the premise that junr golf leads ultimately to adult participation in the game, you are going to see the face of golf change over time. and we're very encouraged by that. >> reporter: the futur of golf will depend a lot on getting moreeople t play the sport. and if tiger woods a others provide a drama-filled week at the master'his time around it could be a big shot in the arm y r the entire sport. for "nibusiness report" i'm dominic c inaugusta, georgia. and before we go, let's take a gook look at the day's market action once again. the dow risingnoer 240 points today to 24,505.

the nasq added 34. the s&p tacked on 18. that isi the "nightly ss report." i'm bill griffith. thanks for watching, everybody.e have a greatng. we will see you tomorrow.

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