From New York City. For our viewers worldwide, I'm Scarlet Fu and Bloomberg Real Yield starts right now. Coming up.U.S. payrolls tumble in August with just 22,000 jobs added to the economy, sending bond yields plunging across the curve. Traders are now locking in a September Fed rate cut. We begin with the big issue.A labor market introduces another weak summer employment report. This is a continued deceleration, but there's an ongoing sort of labor market slowdown. We want a labor market that's cool and th ...

We will begin this hour, the fourth hour of morning Joe with that breaking economic news. The August jobs report was released moments ago showing that the US added just 22,000 jobs last month, much much less than the 75,000 that economists expected. The unemployment rate also saw a slight increase to 4.3%.This, of course, the first jobs report released since President Trump fired the head of the Bureau of Labor Statistics last month after that report showed not just a weak level of job creation, but also a ...

Industry Trend - Europe's roads are experiencing a slow-motion car crash [1]

Economic Outlook - The world's largest economy is showing resilience against repeated predictions of a slowdown [1] - The economy has consistently defied pessimistic forecasts in recent years [1]

Just as the inflationary heat is rising again in America, much of Asia is feeling a chill. It is tempting to blame Donald Trump’s tariffs, but they do not explain the economic slowdown the region has already seen in the past year https://t.co/wlcOfUOiCZ ...

Company Overview - SoFi Technologies has expanded its services beyond student loans, offering a variety of financial services to attract customers [1][2] Financial Performance - In Q2, SoFi's revenue increased by 44% year-over-year to $858 million, while earnings surged by 700% to $0.08 per share [3] - The company added a record 850,000 new members in the quarter, marking a 34% increase, bringing the total to 11.7 million members [3] - Fee-based revenue rose by 72% to $378 million due to the increase in membership [3] Future Guidance - Management raised its full-year guidance, projecting sales of approximately $3.38 billion and net income of around $370 million for 2025, up from previous estimates of $3.27 billion in sales and $325 million in net income [4] - SoFi anticipates adding at least 3 million new members in 2024, representing a 30% increase [4] Valuation Concerns - The stock is currently considered relatively expensive with a price-to-earnings (P/E) ratio of 52, compared to the S&P 500's average P/E of about 30 [5] - Despite the high valuation, many stocks are perceived as expensive in the current market environment [6] Economic Dependency - SoFi's growth is heavily reliant on a strong economy and consumer spending; any economic slowdown could impact its performance [7] - Recent job growth data indicates potential economic slowing, with only 73,000 jobs added in July and downward revisions for previous months [6] Credit Quality Indicators - SoFi's annualized charge-off rate improved from 3.31% to 2.83% in Q2, and the 90-day delinquency rate for personal loans decreased to 0.42%, indicating solid credit quality [8] Investment Consideration - Long-term investors may find SoFi stock appealing, but should be aware of the premium price and potential economic risks [9]

Market Trends - China's stock market is rallying despite the slowing economy [1] - Concerns are rising about "irrational exuberance" among policy makers in Beijing [1]

Retail Sales Outlook - Canadian retail sales are projected to decrease following a soft second quarter [1] Economic Factors - Consumption spending is slowing down [1] - Trade uncertainty remains high [1] - Population growth is decelerating [1]

Fears of a slowdown abound in America, with high interest rates and tariff chaos weighing on most of the economy. But they are doing little to reduce the breakneck pace at which firms are building the infrastructure needed for artificial intelligence https://t.co/NCBWptW7iR ...

Monetary Policy - Israel's central bank maintained interest rates unchanged for the 13th consecutive time [1] Economic Considerations - Policymakers are balancing an economic slowdown against ongoing uncertainty from the nearly two-year war in Gaza [1]