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BlackRock's Reider on the Jobs Report
Bloomberg Television 2025-08-04 16:35
the three-month moving average, healthc care has actually created on average 68,000 jobs. The total payroll is 35,000. Meaning it's created 200% of the uh of of the jobs.Meaning you have a service economy, not you think about is healthcare interest rate sensitive, it's demographically sensitive. So you don't really I mean you think the interests sensitive parts of the economy are under some pressure. Lower income who are the borrowers in this economy are having a tough time.So would I have cut. Yes, I would ...
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Inflation & Interest Rate - U S inflation reaches 165% [1] - Interest rate cuts are anticipated [1]
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Trump Pressures the Fed as Powell Holds the Line
Bloomberg Television 2025-08-04 13:53
This is a story about pressure. This week, the Fed held its July meeting just a week after President Trump visited Chair Jay Powell at his office to tell him what he thinks the central bank should do. -Too Late. I call him Too Late Powell because he's always too late.Am I allowed to appoint myself at the Fed. I'd do a much better job than these people. Well, I'd love him to lower interest rates, but other than that, what can I tell you.But the president's visit did not persuade Fed Chair Powell to lower rat ...
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When political leaders meddle in government data, it rarely ends well, says reporter
MSNBC 2025-08-04 13:25
Government Data Manipulation Risks - Political leaders meddling in government data rarely ends well, as seen in Greece, China, and Argentina [1][2] - Undermining data integrity erodes a country's international standing and increases borrowing costs [2][4] - Accurate data is crucial for citizens to hold leaders accountable and for informed decision-making [5] Economic and Investment Implications - Data manipulation creates uncertainty for investors and companies making capital expenditure decisions [10][11] - Distrust in government data can undermine confidence in the country's credibility domestically and internationally [4][13] - The US is at a critical juncture, and the integrity of data production needs to be maintained to avoid a loss of confidence [7][8] Historical Parallels and Warnings - Argentina's systematic understatement of inflation led to a loss of international confidence and a debt crisis [2][3] - Greece's prosecution of the head of its statistical agency further eroded its international standing [1][5] - Janet Yellen likens the US situation to that of a banana republic, highlighting the severity of the concern [6]
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Crypto Rover 2025-08-04 13:25
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Expect the S&P 500 to reach new all-time highs in August, says Fundstrat's Tom Lee
CNBC Television 2025-08-04 13:19
mattress by avocado. Dream of better. >> Joining us now to talk markets and more is Tom Lee, head of research at Fundstrat, chief investment officer of Fundstrat Capital.He's also the chairman of Bitmain as well as a CNBC contributor. We've got some new stuff to factor into your your either bearish or bullish case. I assume it's still somewhat bullish, but okay, the economy looks like it may actually be slowing a little bit.Last week the markets definitely retrenched. You know you've been solidly bullish si ...