Jobs day in America; Do Uber & Handy need a 'timeout'?; Hack hits T-Mobile

A stunner on Wall Street as the Labor Department reports just 142,000 jobs were created in September, way below economists' forecasts.  The news is sending stocks (^GSPC) into the basement.

Yahoo Finance Senior Columnist Michael Santoli says the report clearly raises questions about the strength of the economy.

"This is going to be a significant story about a potential slowdown," he explains. "We basically have to get used to the idea perhaps that we did have the effect of that global slowdown in this country. Definitely not the story we were looking to hear."

And Dominick Tavella, President and CIO of Diversified Private Wealth Advisors, feels the Federal Reserve has no choice now but to hold off on raising interest rates anytime soon.

"Most of us thought the Fed could raise this quarter and slow it down going into 2016," he says. "I find it hard to believe they're going to raise at all this year, and I thought that concept was crazy 3, 6 months ago."

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T-Mobile hack attack

Here are some of the stocks the Yahoo Finance team will be watching for you today.

T-Mobile US (TMUS) Hackers have stolen the personal data of up to 15 million people who signed up for the wireless carrier's service last month.  Credit information company Experian says its computer system holding information on T-Mobile customers was breached, with thieves getting customer names, addresses, Social Security numbers, birthdays, and even sensitive identification numbers.

Sprint (S) T-Mobile's rival is also making headlines. Layoffs are coming as the company moves to slash expenses by $2.5 billion over the next six months. Sprint is not saying how many jobs will be eliminated.

Advanced Micro Devices (AMD) Layoffs are also coming at the struggling semiconductor maker. AMD is cutting 5% of its workforce, or about 500 jobs, in an effort to reduce costs. The company says in addition to the layoffs, it will outsource some of its work and take steps to streamline its business to save $58 million next year.

Micron Technology (MU) The memory chipmaker is reporting better-than-expected profit and revenue in its fiscal fourth quarter. And even though sales fell because of the soft PC market, Micron says it believes overall demand will stabilize and gradually improve through the coming year.

Wynn Resorts (WYNN) A report out of China says Beijing is considering measures to boost the casino-driven economy of Macau, which has seen a falloff in business lately. Wynn has a major casino resort located in Macau.

New economy jobs

With on-demand jobs like driving for Uber and Lyft growing exponentially, Senator Mark Warner (D-VA) is calling for a ‘regulatory timeout,’ a breather from legal battles while government sorts out how to classify these new workers.

From jobs to the next worry for Wall Street - the debt ceiling. Yes, its back. In letter to sent to outgoing House Speaker John Boehner, Treasury Secretary Jack Lew says the federal borrowing limit needs to be raised by November 5th, or the government will run out of money.

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