5 things to know before the stock market opens on Friday

Happy Friday. In case you missed it yesterday: More than 60 million children were automatically enrolled in Trump accounts after the Treasury Department proposed the change earlier this week. CNBC’s Jessica Dickler and Kate Doerr discuss what parents need to know.

Stock futures are up across the board this morning. The three major indexes rose slightly yesterday.

Here are five important things investors need to know to start their trading day.

It’s “Jobs Day,” and Wall Street expects the September nonfarm jobs report to show another month of job growth. If their predictions come true, the announcement could bring a positive sign to the so-called “low hiring, low layoffs” labor market.

Here’s what you need to know:

In the report, economists forecast that jobs rose by 84,000 last month and the unemployment rate will remain stable at 4.1%. As CNBC’s Jeff Cox writes, Federal Reserve officials have cited the stability of the labor market as a reason for not rushing to raise rates again, even as inflation remains high. ADP’s September private employment report beat economists’ expectations earlier this week, announcing that corporate employment rose by 90,000 jobs in the month. Trading in the green on Thursday, all three indexes are on a downward trajectory this week heading into this morning’s report. Meanwhile, U.S. Treasury yields were flat after this morning’s trading. 10 year treasury Yesterday, note recorded its highest price in 24 years. brent crude oil Prices jumped 4% yesterday, but fell 3% overnight on reports of diesel and crude oil stock releases. Follow live market updates here.

shares of nike Shares fell more than 8% this morning after the sporting goods retailer reported lower-than-expected first-quarter earnings. The company also announced yesterday a restructuring plan that will involve job cuts next year.

Nike said its China business weighed on its results for the quarter, but sales in North America were slightly higher than expected. Nike said it expects sales to decline by a high single-digit percentage for the entire 2027 fiscal year.

But Thursday also brought some bright spots for Nike. WNBA star Caitlin Clark’s shoes from the brand nearly sold out within two hours of their release in the US yesterday. CEO Elliott Hill said on an earnings call yesterday that Nike’s “strongest growth opportunity is in women’s athletics.”

General Motors said third-quarter sales fell 5.5% from a year ago, with sales of just under 671,000 new vehicles in the period due to an overall decline in sales of all-electric vehicles.

This time last year, before the Trump administration ended federal car-purchase incentives, the company was posting record EV sales. Now, as CNBC’s Michael Weiland and Catriona Marangi write, GM’s relatively small hybrid offering is expected to hurt the company as hybrid cars grow in popularity.

In fact, thanks to hybrids, Toyota and Honda surpassed GM in sales in the third quarter. meanwhile, Stellantis The company said its sales were about flat compared with a year ago, while Nissan and Kia’s sales rose about 1% and 8%, respectively.

As the debate over the risks and regulation of artificial intelligence intensifies, OpenAI Chairman Brett Taylor told CNBC’s AI Forum yesterday that the company has an “obligation” to make its technology secure. He noted that AI leaders are calling for a slowdown in development, adding that people should be “very glad that the institute is asking itself such difficult questions.”

Andy Marcus, on the other hand, AT&T‘s head of data and AI said the telecom giant uses 45 billion AI tokens every day, and told CNBC’s Scott Wapner, “Even at that level, you’re still getting a return on investment, but you need to get that cost under control.”

See all of the forum’s biggest moments here.

As part of its turnaround effort, Burger King is refranchising hundreds of its stores, focusing on franchisees who live near and frequent its restaurants.

After all, Burger King has about 300 of its own restaurants in the U.S., and aims to have the remaining 6,000-plus restaurants owned by franchisees. As CNBC’s Amelia Lucas writes, that means the future of the business depends on these owners.

“Franchise agreements are for 20 years. The average age of marriage in the United States is 8.2 people,” said Tom Curtis, president of Burger King in the United States. “So we need to get it right.”

Here are some stories to go back and look back on this weekend.

—CNBC’s Jeff Cox, Davis Giangiulio, Ananya Chettiar, Spencer Kimball, Sam Meredith, Raya Neelakandan, Jessica Golden, Catriona Marangi, Michael Wayland, Ian Thomas, Colleen McCann, CJ Haddad and Amelia Lucas contributed to this report.

Caleigh Keating helped produce this newsletter. Josephine Rozzelle edited this version.