Jim Cramer's Breaking Down the Jobs Report, Beyond Meat and Zoom's Earnings
What's going on in the markets?
Jim Cramer breaks down some of the biggest stories driving the markets Friday.
The Jobs Report The jobs report number came in shy of expectations.
The U.S. economy was projected to add around 182,500 new jobs last month, a figure which Wall Street expected to give insight on whether the Federal Reserve will actually cut rates in 2019.
However, the jobs report came in at 75,000.
And the U.S. unemployment rate remained at 3.6%, a half-century low.
Beyond Meat's Earnings Beyond Meat reported its first earnings report on Thursday night.
The company reported a loss per share of 14 cents, but analysts' expected a loss of 15 cents a share and revenue that topped forecasts.
Net revenue rose 215% to $40.2 million and beat forecasts of $38.9 million.
Zoom's Earnings Report Real Money Stock of the Day Zoom Communications posted earnings after the bell Thursday as well.
The company posted adjusted earnings of 3 cents a share, beating analysts' forecasts of 1 cent.
Revenue rose 103% from a year earlier to $122 million and beat expectations of $111.7 million.
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