DEBORAH MARCHINI, CNN ANCHOR: Unless there is something surprisingly strong in that jobs report, the stock market is likely to take a header at today's open, at least judging from the futures. My guest is Alan Kral, portfolio manager at Trevor Stewart Burton & Jacobsen. And would a strong employment report necessarily be a big positive for the markets?</s>ALAN KRAL, TREVOR STEWART BURTON & JACOBSEN: I think it would end up, actually, being very mixed for the markets. Something stronger than a loss of 44,000 first of all would confirm that probably we saw the bottom in job losses in April. But on the other hand, if it's too strong, it would start to raise questions as to whether or not the Fed has any leeway to cut rates going forward and could possibly be very bad for the bond market.</s>MARCHINI: We'll look a little bit more at the other factors underlying the sell-off in today's futures, and we'll talk with you a little later in this program, Alan Kral. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Alan Kral of Trevor Stewart Burton & Jacobsen: Unemployment Numbers Could Undermine Fed's Authority