All right, Carrie, I actually want to hit on one of those stories we just talked about, the idea of 23-hour a day trading during the work week. You're somebody who's traded equities. What do you think about that proposal. What do you think it could mean for the market.>> I call it a little exhausting. I think um in fact, people do a lot of trading after hours. Uh, I think it would be more um I I would say um structured because there perhaps would not be the type of drops that we see um after hours when ther ...

Brazil’s central bank chose to keep a degree of freedom about when it will start easing monetary policy as inflation expectations remain above target through 2028 https://t.co/bIpdbbb2oy ...

All right, let's start off. How much weight is actually on this jobs report when we know there's going to be other key inflation reports coming up later this week. Another jobs report before the Fed meets again and makes this decision.How much weight are you putting on this. >> Yeah, I think it is an important one. Um, but there is going to be some weird dynamics in the data that we're getting this week.We know that maybe errors around this data are a bit bigger than usual just because of delayed collection ...

Economic Outlook - The upcoming jobs report is considered important, but there are concerns about data accuracy due to delayed collections [1][2] - The unemployment rate is projected to rise to around 4.5%, indicating potential weakness in the economy [3][8] - There is a possibility of inflation re-accelerating, with recent notes highlighting this concern [4] Labor Market Dynamics - The labor market is described as fragile, with low hiring rates persisting for about two and a half years [5][6] - A consistent increase in unemployment could lead to layoffs, which would further weaken the labor market [6][9] - The December employment report is expected to provide a clearer picture of the labor market before the January Federal Open Market Committee (FOMC) meeting [2][8] Inflation Trends - Shelter inflation is anticipated to ease, which could stabilize overall inflation rates [10][11] - Goods inflation may rise, but it could be offset by softer shelter inflation [12][14] - Wage growth appears to be slowing, which may reduce inflationary pressures from the services sector [15] AI and Economic Growth - The ongoing investment in AI is seen as a potential driver for GDP growth, but its aggregate impact remains uncertain [16][18] - There are concerns that some investments in AI may simply divert funds from other sectors rather than represent new growth [18]

Before when we were bringing you on uh we were talking to you about some of that delayed data that's coming up later today. The October November jobs report. The combination of that we're looking at potentially the estimate at least 50,000 jobs added unemployment ticking up to 4 and a.5% highest level since October of 2021.I want to ask you does that matter to the markets. Does it matter to the Fed when we know there's going to be a lot of twist and turns before that next Fed meeting. Well, there'll definit ...

Economic Indicators - The Empire State manufacturing index unexpectedly fell to -3.9 in December, weaker than the expected 10.0 [3] - Economists forecast that Nonfarm Payrolls for November will be 51K, with October payroll data expected to show substantial losses in government jobs [6] - U.S. Average Hourly Earnings for November are expected to rise by +0.3% month-over-month and +3.6% year-over-year, compared to +0.2% month-over-month and +3.8% year-over-year in September [8] - Retail sales for October are anticipated to rise by +0.1% month-over-month, while core retail sales are expected to increase by +0.2% month-over-month [9] - The December S&P Global Manufacturing PMI is expected to be 52.0, and the S&P Global Services PMI is expected to be 54.0 [10] Stock Market Movements - Wall Street's main stock indexes ended in the red, with ServiceNow (NOW) plunging over -11% after news of a potential acquisition for $7 billion [4] - Cryptocurrency-exposed stocks fell as Bitcoin's price dropped more than -4%, with Riot Platforms (RIOT) down over -10% and Strategy (MSTR) down more than -8% [4] - iRobot (IRBT) plummeted over -72% after filing for Chapter 11 bankruptcy protection [4] - KLA Corp. (KLAC) rose more than +2% after being upgraded to Buy from Hold with a price target of $1,500 [4] Central Bank Insights - Fed Governor Stephen Miran indicated that the central bank's policy stance is overly restrictive for the economy, citing a benign inflation outlook [2] - New York Fed President John Williams stated that monetary policy is well-positioned for next year following a recent rate cut [2] - Boston Fed President Susan Collins supported the recent rate cut, noting that the balance of risks had shifted [2] European Market Developments - The Euro Stoxx 50 Index is down -0.14%, with defense stocks slipping due to progress in Ukraine peace talks [11] - Eurozone business activity growth slowed more than anticipated in December, with manufacturing contraction deepening [11] - The German December ZEW Economic Sentiment Index came in at 45.8, stronger than expectations of 38.4 [13] Asian Market Trends - China's Shanghai Composite Index closed down -1.11%, with economic indicators showing weakened momentum in November [15] - Japan's Nikkei 225 Stock Index closed sharply lower, with financial and energy stocks leading the declines [16] - The Japanese December au Jibun Bank Manufacturing PMI (preliminary) stood at 49.7, stronger than expectations of 49.0 [18]

Market Overview - Futures indicate a negative trading day as investors continue to sell AI stocks, with a focus on the upcoming US jobs report [2][20] - European defense stocks are declining as optimism grows regarding a potential peace deal in Ukraine, although territorial issues remain unresolved [2][58] UK Labor Market - The UK ILO jobless rate has risen to 5.1%, with a decrease of 38,000 in payrolled employment from October to November [4][5] - Average weekly earnings, excluding bonuses, increased by 3.9% year-on-year, while total average weekly earnings rose by 4.6%, slightly above expectations [7][9] AI and Technology Sector - The tech-heavy NASDAQ has seen a decline of approximately 0.6%, marking the third consecutive negative session for US tech stocks [12] - AI stocks have experienced significant volatility, with some major players down by about 46%, raising concerns about the sustainability of the AI trade [32][34] Economic Outlook - Analysts express mixed views on the S&P 500, with Bank of America predicting a modest increase to 7,100, while Oppenheimer forecasts a rise to 8,100 [17] - The Federal Reserve's approach to interest rates remains cautious, with expectations of a slow rate-cutting cycle as inflation stabilizes [30][29] Defense Industry - European defense stocks are experiencing a pullback as markets react to potential peace talks in Ukraine, with companies like Raytheon and Hensoldt seeing declines [58][60] - Despite the current optimism, analysts suggest that the long-term demand for defense capabilities will persist, driven by ongoing geopolitical tensions [68]

Very good morning to you. So we're busy waiting for nonfarm payrolls. One and a half non-farm payrolls.Looking at us features a little bit weaker, weighing on sentiment for tech here in Europe as well. What do you make of the price action heading into the yet important data points. It's been very disappointing price action and I think this kind of choppy price action with a negative bent is going to be the dynamic for the festive period.I don't think it's so much about the jobs data. I think the job today i ...

Very good morning to you. So we're busy waiting for nonfarm payrolls. One and a half non-farm payrolls.Looking at us features a little bit weaker, weighing on sentiment for tech here in Europe as well. What do you make of the price action heading into the yet important data points. It's been very disappointing price action and I think this kind of choppy price action with a negative bent is going to be the dynamic for the festive period.I don't think it's so much about the jobs data. I think the job today i ...

Core Insights - U.S. Treasury yields declined as investors anticipated key economic data releases, including the November nonfarm payrolls report, unemployment figures, and October retail sales [1][2] Economic Indicators - The benchmark 10-year Treasury yield fell to 4.168%, the 2-year Treasury yield decreased to 3.497%, and the 30-year Treasury bond yield slid to 4.846% [1] - November nonfarm payrolls are projected to be 50,000, a significant drop from 119,000 in October [2] - The unemployment rate for November is expected to remain steady at 4.4% [3] - October retail sales are forecasted to increase by 0.1%, down from 0.2% in September [3] - The November Consumer Price Index report is anticipated to show a year-over-year inflation rise to 3.1% [3]