conference board and Jolts on the tape as well. Let's get to Rick Santelli again. Hey Rick.>> Yes, on Jolts. This is an August read. Openings expected to be right around 7.2% million.A little bit extra horsepower. 7,227,000. That'll be the best number since well just June.But in the rearview mirror, a nice upward revision. Last month originally reported 7,181 becomes 7,208. And it's significant because that now changes the dynamics.That would have been last month, July, the weakest of the year. Moving it to ...

Labor Market - US JOLTS job openings reached 7,227,000 [1] - The job openings exceeded expectations of 7,100,000 [1]

Market Performance - Market indexes experienced gains, with the Dow up +68 points, S&P 500 gaining +17 points, and Nasdaq increasing +107 points, while the Russell 2000 rose +2 points [2] - The market was influenced by a government shutdown threat and OPEC+'s decision to raise oil production by 137K barrels per day, leading to a -3.8% drop in WTI prices and a -2.5% decline in Exxon Mobil and BP stocks [1] Housing Market - Pending Home Sales rose by +4.0% in August, surpassing expectations and reversing a previous downward trend, aided by slightly easing mortgage rates [3] - Newly-built homes also saw an increase, with homebuilder stocks like Lennar, Pulte Home, and KB Home rising more than +1% due to pent-up demand [4] Cannabis Industry - The Trump administration is considering reclassifying cannabis from Schedule I to Schedule III, which could have significant implications for the industry, resulting in a +60% increase in Tilray's stock price [5] Economic Data Expectations - Upcoming economic data includes Case-Shiller Home Prices, Chicago Business Barometer, and Consumer Confidence, with expectations for slight increases and a narrowing in Consumer Confidence to 95.8 [6] - The Job Openings and Labor Turnover Survey (JOLTS) is expected to show a decrease in job openings to 7.1 million, the lowest since September 2024 [7] Company Earnings - Nike is set to report fiscal Q1 earnings, with expectations of a -60% year-over-year earnings decline and -4.95% revenue drop, despite having outperformed earnings expectations for eight consecutive quarters [8][9]

💥BREAKING:🇺🇸 Stock Market VS Job Openings.Huge divergence... 👀 https://t.co/QqHBBVAg94 ...

Labor Market Overview - US unemployment rate rose to 43% in August, the highest since October 2021, with employers adding only 22,000 jobs [4] - Job openings decreased to 718 million in July, falling below the number of unemployed people (roughly 724 million) for the first time since 2021 [5] - China's unemployment rate increased to 52% in July, while youth unemployment spiked to 178% [8][9] - Global job markets are showing signs of weakness, with shrinking openings and shaky labor markets worldwide [10] Economic Analysis and Forecast - The labor market softening confirms previous suspicions, but trends can accelerate quickly, potentially leading to a cliff drop rather than a gradual decline [6] - Markets are interpreting the labor data as a signal for a likely 025% September rate cut, with a 12% chance of a 05% cut [7][8] - Historically, unemployment lags behind financial crises, with equities bottoming out before jobless rates stop climbing [13] - Current conditions resemble early 2001, with slower hiring and softer openings, but stocks are near all-time highs, an unusual sequence [15][16] Factors Influencing Labor Data - Immigration policy changes can significantly impact job growth, with potential job growth dropping to 60,000 per month if migrant flows are curtailed [19] - The gig economy distorts unemployment data, as many independent contractors don't qualify for unemployment benefits [20] - The Labor Department's 2024 rule tightening on employee vs independent contractor classification makes official employment data less reliable [21] Monetary Policy and Market Implications - Weaker labor data increases expectations for rate cuts, which could cushion demand but requires careful balancing to avoid a hard landing or reignited inflation [26] - Rate cuts support risk assets like stocks and Bitcoin, while safe havens like gold benefit from uncertainty and a softer dollar [29][30][32] - The main worry signal is more unemployment than job openings, but this also flashed in 2021 without major consequences [28]

THIS IS NOT BREAKING NEWSJOB REPORTS ARE A MASSIVE LIE WITH THEIR SAMPLE SETS!HIGHERPolymarket (@Polymarket):BREAKING: The US now has more unemployed people than job openings. ...

Job Market Overview - Job openings decreased in July, but hiring actually increased [1] - The report highlights which industries experienced the most job growth [1]

RT unusual_whales (@unusual_whales)JUST IN: The US now has more unemployed people than job openings for the first time since April 2021 ...

🇺🇸 US UNEMPLOYMENT NUMBERS SURPASSED JOB OPENINGS FOR THE FIRST TIME IN 4.5 YEARS. THIS SHOWS LABOUR MARKET IS TOO WEAK.SEPTEMBER RATE CUT IS CONFIRMED 🚀 https://t.co/MXFSCHfh8f ...

Labor Market Overview - U_S_ employers job openings decreased to 7_4 million in June [1] - The number of job openings decreased by 300 thousand from May's 7_7 million [1] - The report was slightly lower than forecasters' expectations [1]