ADP Report Shows Labor Market Cooling, Adam Parker's Market Message, Commerce Sec. Exclusive 8/30/23

Published: Aug. 30, 2023, 3:03 p.m.

b"With major indices aiming for a fourth straight day of gains,\\xa0Carl Quintanilla and David Faber\\xa0discussed market reaction to key economic reports: ADP data show jobs growth cooled in Julywhile Q2 GDP and PCE inflation gauge were revised lower - fueling investor hopes that the Fed\\xa0could stand pat on interest rates in September. Trivariate Research founder Adam Parker offered his take on the markets,including Nvidia's post-earnings stock moves and the AI trade. Also in focus: Commerce Secretary Gina Raimondo spoke\\xa0exclusively to CNBC about her visit to China, Hurricane Idalia makes landfall in Florida, Apple's September 12 product event, HP Inc. and Ambarella shares tumble.\\n\\n\\n\\nSquawk on the Street Disclaimer"