Your Friday Briefing: Everything You Need to Know About the Dow Jones Today in Three Minutes

The Dow Jones today jumped at market open today after the U.S. Department of Labor announced that the U.S. economy added 157,000 jobs in July. That figure fell short of the 190,000 spots that economists had projected.

It was also the lowest increase in positions since March 2018. However, the 3.9% unemployment rate is close to the lowest level that we've seen the official unemployment rate since the late 1960s.

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Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:

Index	Previous Close	Point Change	Percentage Change
Dow Jones	25,326.16	-7.66	-0.33%
S&P 500	2,827.22	13.86	0.49%
Nasdaq	7,802.69	95.40	1.24%

Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

Money Morning Insight of the Day

Earnings season is well underway. And if you're looking to make real money, it's not too late to get started.�Money Morning�Quantitative Specialist Chris Johnson argues the markets are at a tipping point.

And with just a few smart plays in today's classic stock picker's market, you can pull in�triple-digit gains with just a small investment.

The Top Stock Market Stories for Friday China appears ready to escalate the ongoing trade battle with the United States. The country is currently tallying a list of $60 billion in U.S. goods that it plans to hit with tariffs. These import charges would range at rates between 5% and 25%, according to the Chinese government. In a statement, the Chinese government said, "Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties." Earlier this week, U.S. President Donald Trump floated an additional 25% tariff on up to $250 billion in Chinese goods. A week after Trump announced plans to offer $12 billion in aid to the U.S. farming community, now the automotive industry is looking for a handout. According to reports, General Motors Co. (NYSE: GM) is seeking an exemption to the 25% tariff for its SUV called the Buick Envision. That vehicle comprises 19% of brand sales for Buick in the United States. Three Stocks to Watch Today: KHC

Shares of Kraft Heinz Co. (Nasdaq: KHC) were on the move on news that the company is exploring a possible deal to purchase Campbell Soup Co.�(NYSE: CPB). A report by the New York Post suggests that Kraft has not made an offer and that any purchase would likely not offer much in the way of a premium from the current share price. The news comes a day after Kraft topped Wall Street earnings and revenue forecasts and issued positive forward guidance. Shares of Apple Inc. (Nasdaq: AAPL) fell slightly on Friday. The dip came a day after the technology giant officially became the first U.S. public company to hit a market capitalization of $1 trillion. "With the world's oldest profession already staked out, there are many competitors for second oldest," writes Money Morning's Tim Melvin. "Leading claimants include spies and politicians, but that can't be right." Today, Tim explains why spending on the military fuels this profession. And then he explains why he likes the firm�Vectrus Inc.�(NYSE:�VEC). Other firms reporting earnings include Groupon Inc. (Nasdaq: GRPN),�Dish Network Corp. (Nasdaq: DISH), and CBOE Global Markets Inc. (Nasdaq: CBOE).

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46,078 Shares in Global X U.S. Infrastructure Development ETF (PAVE) Acquired by UBS Group AG

UBS Group AG bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 46,078 shares of the company’s stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAVE. Transamerica Financial Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth approximately $279,000. Stifel Financial Corp purchased a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth approximately $3,483,000. Strategic Wealth Advisors Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth approximately $247,000. Finally, Commonwealth Equity Services LLC lifted its position in Global X U.S. Infrastructure Development ETF by 3.0% during the first quarter. Commonwealth Equity Services LLC now owns 134,609 shares of the company’s stock worth $2,160,000 after buying an additional 3,880 shares in the last quarter.

PAVE stock opened at $16.91 on Thursday. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80.

Read More: Average Daily Trade Volume – What You Need to Know

What Analysts Are Saying About Apple After Earnings

Apple Inc. (NASDAQ: AAPL) released fiscal third-quarter financial results after markets closed Tuesday. There was a lot of noise surrounding this earnings report, as Apple��s fellow FAANG stocks Netflix and Facebook took a dive after their earnings reports. However, Apple managed to weather the storm, and so did its analysts.

24/7 Wall St. has included some highlights from Apple��s earnings report, as well as what analysts are saying about the stock after the fact.

The iPhone giant said that it had $2.34 in earnings per share (EPS) on $53.3 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $2.18 in EPS on $52.34 billion in revenue. In the same period of last year, Apple posted EPS of $1.67 on revenue of $45.41 billion.

In this latest quarter, the firm reported its product sales as follows:

iPhone moved 41.3 million units, up 1% year over year. The segment pulled in revenues of $29.91 billion, an increase of 20%. iPad reported 11.6 million units sold, an increase of 1%. Revenues decreased 5% to $4.74 billion. Mac sold 3.72 million units, a decrease of 13% from last year. Revenues decreased 4% to $5.33 billion. Services revenues increased 31% to $9.55 billion. Other Products revenues increased 37% to $3.74 billion.

Regarding guidance for the fiscal fourth quarter, the company expects to see revenues in the range of $60 billion to $62 billion and gross margin of 38.0% to 38.5%. The consensus estimates call for $2.65 in EPS on $59.57 billion in revenue.

Here��s what analysts had to say:

DZ Bank reiterated a Buy rating. Nomura has a Neutral rating with a $190 price target. Needham has a Buy rating and raised its price target to $220 from $210. BMO Capital Markets reiterated a Hold rating with a $199 price target. RBC has an Outperform rating with a $225 price target. Loop Capital has a Buy rating with a $220 price target.

Shares of Apple were last seen up 4% at $198.25 on Wednesday, with a consensus analyst price target of $203.22 and a 52-week trading range of $149.16 to $199.26.

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