5 things to know before markets open on Friday

Happy Friday. There’s a warning for those rooting for France at this year’s FIFA World Cup. Artificial intelligence is not with you.

Stock futures are rising this morning after a day when the three major averages fell.

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

Shares of several consumer-focused companies plunged yesterday, with earnings reports and comments about consumer health surprising Wall Street. Those losses are S&P500 It hit a new all-time high in trading on Thursday.

Here’s what you need to know:

April employment statistics are scheduled to be released today at 8:30 a.m. ET. The data shows the U.S. economy added 55,000 jobs last month, forecast to slow significantly from March, according to a survey of economists conducted by Dow Jones. The unemployment rate is expected to remain stable at 4.3%.

J.P. Morgan’s trading desk believes that depending on the content of this morning’s report, the market could move significantly. ADP’s private employment data for March released earlier this week exceeded economists’ expectations.

Chicago Fed President Austan Goolsby will appear on CNBC’s “Money Movers” today at 11 a.m. ET. Watch live on CNBC or CNBC+.

Yesterday, fighting in the Strait of Hormuz appears to have flared up again, with the US and Iran exchanging artillery fire along the strategic sea route. Both countries claimed the other had launched the attack, which came as Iran was reportedly considering a U.S. proposal to end the war.

As CNBC’s Kevin Breuninger points out, the attack further jeopardizes the fragile US-Iran ceasefire agreement. But President Donald Trump told an ABC News reporter last night that the ceasefire remains in effect and described the attack as “just a love tap.”

Despite hostilities in the Straits, oil prices were flat this morning. shell CEO Wael Sawan told investors yesterday that the oil market is short by nearly 1 billion barrels and the situation could get worse as the war continues.

shares of cloudflare Shares fell 15% before the bell yesterday after the cloud company announced it would cut more than a fifth of its workforce. News of the layoff plans comes on the heels of Cloudflare’s first-quarter earnings report that beat expectations in both areas.

In a blog post announcing the layoffs, the San Francisco-based company said internal AI usage had increased more than 600% in the past three months as agent AI “fundamentally changed” the way it works. CEO Matthew Prince also emphasized the role of agent AI during the company’s earnings call, telling analysts that some roles are “not the roles we need in the future.”

Good news for used car buyers. Prices fell for the first time this year in April. Cox Automotive’s Mannheim Used Car Value Index fell 1.6% from the previous month, but was still up 1.8% from the same month last year.

Cox said interest in electric vehicles is increasing due to rising gas prices. But shoppers may still face certain shocks. The average listing price for a used EV is more than $9,000 higher than the overall market.

Jeremy Robb, chief economist at Cox, said in a press release that rising energy prices are “siphoning much of the extra money out of consumers’ pockets, and there is currently no end in sight.”

Here are some stories to look back on over the weekend.

—CNBC’s Sean Conlon, Raya Neelakandan, Amelia Lucas, Yun Li, Jeff Cox, Kevin Browninger, Spencer Kimball, Laura Murti and Michael Weiland contributed to this report.

Davis Giangiulio helped produce this newsletter. Josephine Rozzelle edited this version.