Patti Domm is CNBC Markets Editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
Oil sold off sharply Friday, as U.S. producers again added rigs, but it's those drillers that could be why prices find a floor around $40.
"I don't see anything in this report that I would expect would change the Fed's position," said one economist.
The economy is expected to have added 179,000 jobs in June, but economists are more concerned about whether workers got a raise.
Central banks are moving to end a near decade-long bond market party that resulted in ultra-low yields and low volatility.
China could use its anti-drug, anti-corruption and anti-counterfeiting policies to disrupt the transfer of weapons materials to North Korea.
The Fed could impact markets when it releases minutes from its last meeting Wednesday, particularly if it signals it could raise rates soon.
OPEC lost its grip on the oil market, but prices will likely bottom in the low $40s per barrel, according to CNBC's Oil Survey.
Saudi Arabian Crown Prince Mohammed bin Salman's foreign policy stance could put a risk premium into the price of oil, RBC says.
CNBC's Dominic Chu discusses Wall Street's S&P 500 targets for 2017.