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Jeffrey Rosenberg, portfolio manager of the Systematic Multi-Strategy Fund at BlackRock, reacts to the April US jobs report as he sees a trade-off in the data between a strong headline number and weakness in income.(Corrects title of guest.)

US employers added 115,000 jobs in April, marking the first back-to-back advance in nearly a year, and the unemployment rate remained unchanged at 4.3%. Bloomberg's Michael McKee has our first read on the report.

Jeffrey Rosenberg, portfolio manager of the Systemic Multi-Strategy Fund at BlackRock, reacts to the April US jobs report as he sees a trade-off in the data between a strong headline number and weakness in income.

PGIM Fixed Income Executive Portfolio Advisor Michael Collins says this April jobs report locks in a stalemate at the Federal Reserve and means they are on hold for now. He speaks on "Bloomberg Surveillance."

The US and Iran clashed overnight near the Strait of Hormuz and the Iranian army seized an oil tanker carrying a cargo of the Islamic Republic's oil. Iran's Ministry of Foreign Affairs released a statement Friday saying US action is accompanied by contradictory statements and misleading propaganda by senior officials. Tyler Kendall reports on Bloomberg Television.

Liz Ann Sonders, chief investment strategist at Charles Schwab, looks at the market takeaways from earnings and the performance of Mag Seven stocks this year and says the market "is fine" if interest rates stay where they are.

Applications for US unemployment benefits rebounded slightly, rising by 10,000 to 200,000 in the week ended May 2. Continuing claims fell to 1.77 million in the previous week, a new two-year low. Michael McKee reports on Bloomberg Television.

"We don't believe hikes are on the table for 2026, definitely on the table for 2027," says Earl Davis, head of fixed income and money markets at BMO Global Asset Management. He sees the Federal Reserve being "a solid two meetings away" from dropping its easing bias and expects markets to be focused on inflation in the fourth quarter of this year.

Technology companies are selling bonds anywhere they can to help pay for their gusher of spending on artificial intelligence, according to Matt Brill, head of North America investment-grade credit for Invesco. He speaks on "Bloomberg Surveillance."

US President Trump and Chinese President Xi will discuss China's purchases of Iranian oil, Trade Representative Jamieson Greer said on "Bloomberg Surveillance." The two leaders are scheduled to meet in Beijing on May 14 and 15.