4th December 2025 – Weak Jobs data fuels rate cut hopes as Salesforce upgrades AI Agent demand

In this morning's edition of the MPC Markets Morning Call, Mark Gardner discusses the recent weak jobs data, Salesforce's strong earnings report, and the overall market performance. The conversation highlights the implications of rate cut expectations, the rise of AI monetization, and sector performances, particularly in healthcare and commodities. The discussion concludes with insights on future market outlooks and economic indicators.takeaways• Weak jobs data indicates a contraction in private payrolls.• Rate cut expectations have surged to 90% for a reduction.• Salesforce's earnings exceeded expectations, showcasing strong performance.• AI products are seeing significant enterprise demand, indicating a shift in monetization.• Salesforce's AgentForce product achieved 1.4 billion in annual recurring revenue.• Despite declines in major tech stocks, the market finished positively.• The healthcare sector is performing well amidst market fluctuations.• Silver and copper are experiencing record highs, indicating strong commodity performance.• Weak payroll numbers raise concerns about economic health.