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Situational awareness:

  • The April U.S. jobs report will be released at 8:30am ET, with economists surveyed by Reuters expecting 185,000 jobs added during the month. There have been 102 straight months of job growth, with an average 200,000 jobs a month added. (Reuters)
  • Beyond Meat shares surged 163% Thursday, giving the maker of plant-based meat substitutes a market value of $3.77 billion and the strongest market debut so far this year. (CNBC)
  • Moving to a government-run, single-payer health care system would likely lower costs, but could increase wait times and reduce access to care, the nonpartisan Congressional Budget Office said in a report. (WSJ)
  • U.S. worker productivity rose at its fastest pace since 2014 in the first quarter, depressing labor costs and suggesting inflation could remain low. (Reuters)