NewsWare’s Trade Talk: Friday, October 6

S&P Futures are slightly higher this morning ahead of this morning labor report. Estimates are wide between 160,000 to 189,000 for the nonfarm payrolls number with the jobless rate ticking down to 3.7%. Exxon is said to be close to a deal to takeover Pioneer National Resources for $60B. Automaker and the UAW may be making progress. In Europe, stocks are higher this morning. Oil futures are flat to higher but remain on track for a significant weekly loss.