The August Jobs Report's Big Miss and Market Reaction, the "State" of Didi and the China Crackdown, Railroad Bidding War's New Developments, A Delay for Apple, and a Hot Week for Netflix

David Faber, Morgan Brennan and Mike Santoli led off the program with the top story of the morning: A big miss in the government's August jobs report, reflecting worries about the Delta variant outbreak. The report shows the economy created 235,000 non-farm jobs last month. Wall Street expected a gain of 720,000. The unemployment rate fell to 5.2-percent -- in line with forecasts -- while wage growth doubled economists' estimates on a month-to-month basis. Grant Thornton Chief Economist Diane Swonk and J.P. Morgan Asset Management Chief Global Strategist David Kelly joined the anchors for a roundtable discussion on what the jobs report means for stocks, the Fed and the recovery. David, Morgan and Mike stayed on top of stocks related to the China crackdown on tech. Shares of Didi rose after a published report said Beijing city is considering taking a stake in the ride-hailing company -- and possibly bringing it under state control. In news involving a well-follower railroad takeover battle, David reported the board of Kansas City Southern is expected to meet to deem Canadian Pacific's bid likely to lead to a superior proposal. Also in focus: Apple delays its plan to scan iPhones for child exploitation, what's driving this week’s Netflix rally, earnings winners from Broadcom to Docusign, and a profile of the state with the worst infrastructure in the U.S. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.