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Here are five things you must know for Friday, May 3:

1. -- Stock Futures Rise Ahead of U.S. Jobs Data

U.S. stock futures were rising Friday as Wall Street awaits payrolls data for the world's largest economy.

Contracts tied to the Dow Jones Industrial Average rose 64 points, futures for the S&P 500 were up 8.65 points, and Nasdaq futures gained 42 points.

The economic calendar in the U.S. Friday includes the U.S. nonfarm payrolls report for April at 8:30 a.m. ET. Analysts surveyed by FactSet expect the U.S. to have added 181,000 jobs last month, down from 196,000 in March.

The unemployment rate is expected to hold steady at 3.8%, while average hourly earnings are forecast to rise 0.2%, up from 0.1% in March.

The calendar for Friday also includes International Trade in Goods for March at 8:30 a.m., and the ISM Non-Manufacturing Index for April at 10 a.m.

Earnings reports are expected Friday from Newell Brands (NWL - Get Report) , Dominion Energy (D - Get Report) and DISH Network (DISH - Get Report) .

Stocks declined for a second straight session Thursday after Federal Reserve Chairman Jerome Powell suggested U.S. interest rates likely will remain unchanged for the better part of 2019.

2. -- Buffett's Berkshire Hathaway Buys Amazon Shares

Warren Buffett's Berkshire Hathaway (BRK.A - Get Report) (BRK.B - Get Report) has been buying shares of Amazon.com  (AMZN - Get Report) .

Buffett told CNBC he hadn't made the decision, but that "one of the fellows in the office that manage money" bought shares of the giant online retailer and services provider.

The comments pointed to Todd Combs or Ted Weschler, each of whom manages portfolios for Berkshire Hathaway, CNBC reported.

Berkshire is slated to report first-quarter earnings on Saturday. The company will file its quarterly update on details of its portfolio holdings later this month with the Securities and Exchange Commission.

Amazon shares were rising 2.1% in premarket trading Friday to $1,940.50.

Amazon is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells AMZN? Learn more now.

3. -- Facebook Bans 'Dangerous Individuals' From Its Platform

Facebook (FB - Get Report) removed a group of well-known personalities from its platform over violations of the social media giant's policies against "dangerous individuals and organizations." 

Louis Farrakhan, head of the Nation of Islam, talk show host Alex Jones and Jewish activist Laura Loomer were among the people who had their pages removed, along with conservative blogger Milo Yiannopoulos. Several of the individuals removed espoused far-right viewpoints, but Facebook said that wasn't intentional.

"We've always banned individuals or organizations that promote or engage in violence and hate, regardless of ideology," the company said in a statement. "The process for evaluating potential violators is extensive and it is what led us to our decision to remove these accounts."

Facebook and other social media companies have faced criticism for failing to aggressively combat abuse and hate speech on their platforms.

Meanwhile, The Wall Street Journal reported that Facebook has been recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system.

The initiative, under way for more than a year and code-named Project Libra, is a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet, the Journal reported, citing people familiar with the matter.

Facebook is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stock? Learn more now.

4. -- Sinclair to Buy Sports Networks From Disney - Report

Sinclair Broadcast Group (SBGI - Get Report) has reached a deal to buy nearly two dozen regional sports networks from Walt Disney (DIS - Get Report)  for $10 billion, according to a report from The Wall Street Journal.

The networks were acquired by Disney in its $71 billion purchase of assets from Fox, which closed earlier this year. 

The transaction involves 21 regional sports networks, the Journal reported, citing unnamed sources. Among the properties Sinclair is acquiring are sports channels in Los Angeles and Detroit.

The deal could be announced as early as Friday, the Journal said. 

Walt Disney is a holding in Jim Cramer's Action Alerts portfolio. Want to be alerted before Jim Cramer buys or sells DIS? Learn more now

5. -- CBS Earnings Get Boost From Super Bowl

CBS  (CBS - Get Report)  posted first-quarter earnings of $4.21 a share, including a tax benefit of $2.04 a share, vs. year-earlier earnings of $1.32.

Adjusted earnings in the quarter were $1.37 a share, CBS said, which beat forecasts by 2 cents.

Revenue of $4.17 billion was higher than $3.76 billion a year earlier but came in below expectations of $4.3 billion. Advertising revenue jumped 18%, while affiliate and subscription fee revenue rose 13%. Cable networks revenue, however, declined 3% partly from lower programming sales.

"We delivered higher profits and achieved double-digit revenue growth, helped in part by Super Bowl LIII and strong increases in affiliate and subscription fee revenues," the company said in a statement.