Yahoo Finance Live’s Brad Smith summarizes three key topics to watch for this morning.

Video Transcript

BRAD SMITH: Let's get right to the three things that you need to start off your morning. First thing you need to know, March jobs reports. That's going to take center stage Friday as investors assess economic data from this week that stoked more recession fears. We saw the US services sector slow and job openings drop to their lowest point in almost two years.

On top of that ADPs private payrolls report showed private employers hired far less workers than were expected in March. This all driving deeper worries about the Fed's rate hike path. Focus now turns to nonfarm payrolls. That's out on Friday for more clues on the state of the labor market.

Second thing that you need to know. SkyBridge Capital founder Anthony Scaramucci served under former President Trump as White House communications director briefly and has since called Trump unhinged since stepping out of the political sphere. Scaramucci has made some big bets on the markets as well. Stocks have fluctuated this week on growing recession fears.

Yahoo Finance speaks with SkyBridge Capital founder and how his firm is faring and the state of crypto still in question after the fallout of FTX. As a former business partner of Sam Bankman-Fried, Scaramucci got to share some of his insights as well in the broader crypto landscape.

And third thing that you need to know. Costco flashing another sign of weakness in the US economy. The bulk retailer posted its first monthly same-store sales drop in almost three years. Overall falling by 1.1% last month. In the US same-store sales fell by 1.5%. Now this comes after the company raised its membership prices and as consumers shop less for discretionary items. Costco stock has fallen about 13% over the past 52 weeks.