Jobs Numbers Not "as Bad" as Investors Think, Retail Sales Flat

Futures saw pressure in the hour ahead of the opening bell, brought partly by an uptick in unemployment and higher-than-expected job losses in October's jobs report. Kevin Hincks says the numbers "aren't as bad" as investors are pricing them. He points to changes in federal employment as the biggest asterisk in the report and makes the case retail sales are also better than the headline number suggests. Kevin turns to the international front where positive developments in the Russian-Ukraine War can dampen volatility.

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