Here are five things you must know for Friday, Dec. 7:

1. -- Stock Futures Lower Ahead of U.S. Jobs Report

U.S. stock futures traded lower on Friday, Dec. 7, and

global stocks were mixed

 as investors crept back into risk markets but maintained a cautious stance ahead of a report on U.S. employment that could have major implications for the Federal Reserve's near-term rate path.

Fed Chairman Jerome Powell signaled a possible change to the central bank's policy path last week, when he suggested the central bank's benchmark interest rate was getting closer to neutral, a rate that would neither accommodate nor choke off growth. But Powell also noted he and his Fed colleagues would be more "data dependent" in order to make that assessment.

At a housing conference Thursday evening in Washington, Powell said the U.S. economy was "performing very well overall" and noted that "by many national-level measures (the job market) is very strong." 

With that in mind, the release Friday of the U.S. nonfarm payrolls report for November could provide a key piece to the Fed's data puzzle, given its links to the Fed's twin mandate of price stability and full employment. 

Contracts tied to the Dow Jones Industrial Average fell 126 points, futures for the S&P 500 were down 15 points, and Nasdaq futures tumbled 45 points. 

Stocks on Thursday pared sharp losses to finish mixed following the arrest of a high-level Chinese business executive in Canada that threatened to unravel the trade truce between Washington and Beijing.The Dow fell 79 points, or 0.32%, to close Thursday at 24,948, the S&P 500 declined 0.15%, and the Nasdaq gained 0.42%. The Dow and S&P closed the day holding onto slim year-to-date gains.

2. -- U.S. Expected to Add 195,000 Jobs in November

The economic calendar in the U.S. on Friday includes the official nonfarm payrolls report for November at 8:30 a.m. ET. Economists surveyed by FactSet expect the U.S. to have added 195,000 jobs last month, down from 250,000 in October, with the unemployment rate holding steady at 3.7%. 

Economists predict average hourly earnings to rise 0.3% in November with the year-on-year rate expected to remain at 3.1%.

The calendar also includes Consumer Sentiment for December at 10 a.m.

3. -- Broadcom Jumps on Strong Revenue Outlook

Broadcom Inc. (AVGO) - Get Report  rose 3.4% in premarket trading on Friday after the chipmaker posted fiscal fourth-quarter earnings that topped estimates and it issued a forecast higher than analysts' expectations.

Broadcom reported adjusted earnings of $5.85 a share and revenue of $5.44 billion. Analysts were looking for earnings of $5.58 on revenue of $5.4 billion. The company also hiked its quarterly dividend by 51 cents to $2.65 a share and added $6 billion to its stock buyback authorization.

The company said it expects revenue of $24.5 billion in fiscal 2019, topping estimates of $22.58 billion. It's worth noting, according to TheStreet's Eric Jhonsa, that some analysts' estimates don't appear to account for Broadcom's $18.9 billion deal to buy enterprise software company CA Inc., which closed in early November.

Broadcom guided for its operating margin, which will be hurt a bit in the near term by CA, to be at 51% in fiscal 2019, up slightly from fiscal 2018's 50%.

"Looking forward to fiscal year 2019, we expect another year of double-digit revenue growth. Sustained demand within our semiconductor segment will be augmented by the newly acquired mainframe and enterprise software businesses to our infrastructure software segment," CEO Hock Tan said in a statement. "We also expect operating margin to hit another record in fiscal year 2019 driven by improved operating leverage."

4. -- Fiat Chrysler Reportedly to Open New Assembly Plant in Detroit

Fiat Chrysler Automobiles N.V. (FCAU) - Get Reportplans to open a new factory in Detroit, The Wall Street Journal reported, citing people briefed on the plan.

It would be the first new U.S. assembly plant to be opened by a major domestic carmaker in at least a decade, according to the Journal. Fiat Chrysler plans to make a sport-utility vehicle at the new factory, the people said.

The new factory would be one of the first major moves under new CEO Mike Manley, the Journal noted.

The moves from Fiat Chrysler came as General Motors Co. (GM) - Get Report CEO Mary Barra took heat Thursday from U.S. lawmakers angry about GM's plans to end production at assembly plants in Ohio and Michigan, and cut jobs.

Fiat Chrysler shares fell 1.6% in premarket trading.

5. -- Tesla Names Washington Power Lawyer as General Counsel

Tesla Inc. (TSLA) - Get Report hired Dane Butswinkas from law firm Williams & Connolly as general counsel, replacing Todd Maron and adding to a long list of senior management departures at the electric vehicle maker.

In October, Tesla CEO Elon Musk tapped Butswinkas to help with his dealings with the Securities and Exchange Commission, according to Bloomberg.

Butswinkas will report directly to Musk and will oversee Tesla's legal and government relations teams, the company said in a blog post.

Trial lawyer Butswinkas represented former Jefferies & Co. trader Jesse Litvak, who was convicted twice of defrauding customers by lying about the prices of mortgage-backed securities in trades. Butswinkas handled the second trial. Both convictions were overturned on appeal, according to Bloomberg. He also represented Walt Disney Co.'s ABC television network in a defamation suit by Beef Products Inc. over news reports about a processed product that ABC called "pink slime."

Tesla rose 1.8% in premarket trading on Friday.