AOF analysis closes Wall Street – In the red after employment

(AOF) – US equity markets closed in the red on Friday after a difficult to analyze jobs report. On the one hand, job creations came out very disappointing and this while Omicron has not yet struck. The Fed’s tightening of monetary policy could therefore seem too hasty, even dangerous for growth. On the other hand, wage inflation continues (+ 0.6% in one month, + 4.7% in one year), which validates Jerome Powell’s point of view. The Dow Jones lost 0.01% to 36,231.66 points and the Nasdaq, 0.96% to 14,935.9 points.

The New York Times Company lost 10.3% to $ 42,705. Investors did not appreciate the group’s diversification after the announcement of the takeover, for $ 550 million, of the sports information site The Athletic. An operation aimed at expanding its subscription offer and attracting young readers.

Today’s economic figures

The economy created 199,000 jobs in December. The unemployment rate stood at 3.9% against 4.2% in November. Reuters consensus predicted 400,000 non-farm jobs created against 249,000 in November (revised figure of 210,000) and an unemployment rate of 4.1%

The values ​​to follow today

Apple

Apple boss Tim Cook received $ 98.73 million in compensation last year. In addition to his salary of $ 3 million, he received a bonus of $ 12 million, $ 82.35 million in stocks and other compensation worth nearly $ 1.4 million. Steve Jobs’ successor had received only $ 14.77 million in 2020. He had not received any shares at the time. Apple CFO Luca Maestri received nearly $ 27 million in 2021.

Coca-Cola / Constellation Brands

Coca-Cola Co. and Constellation Brands have signed a partnership agreement for a new alcoholic version of the Fresca soft drink brand. The US launch is slated for 2022. According to Constellation Brands, adult alternative drinks, including ready-to-drink cocktails, are a nearly $ 8 billion segment with an expected annual growth rate of 15-17 % over the next three years. In addition, Fresca is experiencing a resurgence in popularity, becoming the fastest growing soft drink brand in Coca-Cola’s portfolio.

Exscientia

Biotech Exscientia has signed an agreement with Sanofi to develop up to 15 new drug candidates in oncology and immunology using Exscientia’s artificial intelligence platform. As part of the deal, Sanofi will make an upfront payment of $ 100 million to Exscientia. Additional milestone payments can reach $ 5.2 billion.

GameStop

Video game distributor GameStop is expected to rise sharply on Wall Street amid press reports that it plans to launch a marketplace for NFTs for gamers by the end of the year. According to a person familiar with the matter cited by Bloomberg, he is also in talks with crypto and blockchain companies to find out which tokens could be used in the marketplace.

New York Times

The New York Times Company announced last night that it had signed an agreement to acquire sports news site The Athletic for $ 550 million. The news group expects the deal to be immediately accretive in terms of revenue growth and to have a dilutive effect on its operating profit for about three years, as it grows. subscriptions and the setting up of an advertising activity, then a positive effect thereafter.