Joining us now, I'm pleased to say, is the white House director of Economic, National Economic Council, Kevin Hassett. Director Hassett, thank you so much for joining. A strong jobs number a beat.Let me just get your initial reaction right. Well you know two months in a row now we've had blockbuster jobs numbers. And the really interesting thing is that we look at these things that you guys do to I'm sure called heatmaps, where you look by category, like where's the green and where's the red.And pretty much ...

A deadly hantavirus outbreak on a cruise ship is triggering memories of 2020, but while three passengers [music] have died and the Hondius is on its way to the Canary Islands, health officials say this isn't the next pandemic. The World Health Organization is monitoring a cluster of cases linked to a voyage on the Polar expedition vessel. At least six people are confirmed to have been infected.The Dutch flagship has become a floating petri dish with scientists racing to understand how it spread [music] and ...

This locks in the stalemate. Uh, at the fed. Right.It really kind of solidifies the fact that they are on hold here, uh, indefinitely. But as, at least as you pointed out, there are some whiffs of both the I productivity story and actually wage disinflation, uh, in these data. Right.I mean, I'm Frances said, you know, we've had seen kind of real weight or wages start to go back up. And and I don't see that. I mean, since they peaked in Covid, wage growth has been in a disinflationary trend.And that trend co ...

♪ ANNOUNCER: NEWSMAKERS AND MARKET MOVERS. THIS IS "THE PULSE" WITH FRANCINE LACQUA. FRANCINE: GOOD MORNING EVERYONE AND WELCOME TO "THE PULSE." IT'S A PRETTY HUGE DAY FOR THE U.K. PRIME MINISTER KEIR STARMER.EARLY RESULTS IN LOCAL ELECTIONS SHOWED THAT VOTERS ARE PUNISHING HIS LABOUR PARTY. HE ALSO HAD A RECORD-BREAKING EQUITY RALLY THIS WEEK. WE DISCUSSED IN JUST A MOMENT WITH GOLDMAN SACHS.BUT FIRST, THE U.S. AND IRAN EXCHANGED FIRE IN THE PERSIAN GULF IN AN ESCALATION THAT THREATENS TO FRACTURE A FRAGIL ...

America ain't too shabby. Ain't too shabby at all. Given the year we've had as, uh, you know, what with Trump's trade war and then the actual war.Well, we're well, more than halfway into earnings season at this point in time. And I think, broadly speaking, every research note you read suggests we've had more beats than misses. Uh, mostly on the back of monetary tailwinds.All the monetary easing activity we saw last year seems to be feeding into demand, uh, with help from, you know, the tax cuts, the consump ...

LIVE FROM DUBAI THIS IS BLOOMBERG DAYBREAK EUROPE. I’M JOUMANNA BERCETCHE WITH YOUR TOP STORIES. STOCKS IN ASIA FALL FROM RECORD HIGHS WHILE OIL REBOUNDS AS THE U.S. HIT MILITARY TARGETS IN IRAN. TRADERS LOOK AHEAD TO US JOBS REPORT DONALD TRUMP'S LATEST 10% TARIFFS RULED ILLEGAL, ANOTHER BLOW TO THE PRESIDENTS FLAGSHIP TRADE POLICY. AND THE U.K. PRIME MINISTER AWAITS HIS FATE AS EARLY RESULTS FROM LOCAL ELECTIONS PAINT AND UGLY PICTURE FOR HIS RULING LABOUR PARTY. LET'S GET YOU UP TO SPEED ON THE MARKETS A ...

I mean overnight developments. There was an excuse to take risk off the table into the weekend, I suppose, but markets haven't necessarily taken up that opportunity. Yes, we saw oil prices spike.They are a little elevated, but not by much. U.S. futures pointing higher. How do you think about the market's response to what has been an uptick in in violence in the Strait of Hormuz.I think it makes sense, and I think we'll continue to see higher prices in equities next week. Uh, I thought that clip that you jus ...

The gap between the equity market performance, record highs and the reality of higher prices and fewer products as a result of the closure of the Strait of Hormuz. Do we need to think about future proofing portfolios for the second half of this year. If that all comes to bay.The earnings have been incredibly resilient over this quarter. You're actually seeing earnings growth. A lot of that mathematically is driven from where so much of that earnings has come from.It's come from the materials. It's come from ...

Good morning. This is horizons, Middle East and Africa. Our top stories this morning.The US comes out strikes in the Strait of Hormuz in response to Iranian attacks on Navy destroyers, in an escalation that threatens the fragile ceasefire in place. President Trump threatens Tehran to agree to a deal fast. Asian stocks pull back from a record high, and crude oil rises as escalating tensions in the Middle East revived concerns over energy supplies.Testing the durability of the recent equity rally. And as poll ...

They trifled with us today. We blew them away. They trifle. They call that a trifle.I'll let you know where there's no safe. You won't have to know. If there's no ceasefire, you're not going to have to know.You didn't have to look at one big blow coming out of Iran, and they'd better sign their agreement fast. Iran's position is clear. The only viable solution in the Strait of Hormuz is a permanent end to the war.The lifting of maritime blockade and the restoration of normal passage. Instead, the US is push ...