is at the lower end with its model projecting the addition of just 100,000 jobs in September, a figure suggesting the month was basically status quo with August.
The political implications of Friday's report are also significant for investors as a blowout better than expected number would be a big positive for President Barack Obama and go a long way toward slowing the momentum that Republican presidential candidate Mitt Romney has built up with his strong performance in Wednesday night's debate.
That could knock the big banks --
Bank of America
(BAC - Get Report)
(C - Get Report)
et al -- right back down after they enjoyed a strong Romney-inspired rally on Thursday.
The September payrolls number is slated to hit the wires at 8:30 a.m. ET, and it could very well determine whether the major U.S. equity averages are able to hold this week's smart gains through the weekend.
As for Friday's other scheduled news,
(STZ - Get Report)
is the only quarterly report of note. The Victor, N.Y.-based alcohol seller is set to disclose its fiscal second-quarter results and the average estimate of analysts polled by
is for earnings of 54 cents a share in the August-ended period on revenue of $710.1 million.
There's also the consumer credit data for August due at 3 p.m. ET with economists expecting an expansion of $5 billion vs. last month's $3.3 billion contraction, according to
(ZNGA - Get Report)
will be a big mover to the downside on Friday after the social gaming company forecast a loss for the third quarter and lowered its full-year outlook. The stock was last quoted at $2.27, down 19.4%, on extended volume of 4.6 million.
Calling the quarter "challenging," Zynga said it expects a loss of 12 to 14 cents a share for the September-ended quarter with its non-GAAP per share performance seen as either breakeven or a loss of a penny per share. Revenue is projected in a range of $300 million to $305 million. Wall Street's current consensus view is for a breakeven performance.
For the year, the company dropped its expectations to bookings of $1.085 billion to $1.100 billion from a prior view of $1.150 billion to $1.225 billion. It now sees adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $147 million to $165 million vs. a previous projection of $180 million to $250 million.