Joining us right now for a check on the consumer and spending is Cameron Mitchell. He's the founder and CEO of Cameron Mitchell Restaurants. That firm operates 50 restaurant locations under 20 concepts, plus an events company, a food hall, and a virtual kitchen.And Cameron, correct me if I'm wrong. I think you're operating in 21 29 states at this point. >> Uh about actually half that about 15 states.29 different markets. Yes. >> 29 different markets.Okay. Thank you. Um Cameron, first of all, welcome.It's gr ...

Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about the most recent labor market report and how the unemployment rate has now risen to 4.6%. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Again, that sale will be ending at the end of the year, so make sure you lock in the lower rate. Now, right now, the unemployment rate is sta ...

Market Overview - US stock futures showed modest gains with Dow futures up about 0.07% to 48,514, S&P 500 futures gaining roughly 0.13% to 6,865, and Nasdaq futures rising 0.15% to around 25,419, reflecting a market balancing softer economic signals with hopes of nearing the end of the Fed's tightening cycle [1][17] - The previous regular session ended mixed, with the Dow falling 0.62% and S&P 500 slipping 0.24%, extending their losing streaks to three days, while the Nasdaq Composite managed a 0.23% gain [2][17] Economic Data - The US economy lost 105,000 jobs in October, raising the unemployment rate to 4.6%, the highest since September 2021, but November saw a rebound with payrolls increasing by 64,000 jobs, exceeding the Dow Jones estimate of 45,000 [4][17] - Despite the rebound, hiring remains below earlier levels, keeping investors cautious about potential economic momentum loss [7][17] Federal Reserve and Interest Rates - Investors are closely monitoring comments from Federal Reserve officials Christopher Waller and John Williams for insights on future rate moves and interpretations of the recent unemployment rise [8][17] - The 10-year Treasury yield is around 4.15%, which continues to pressure equity valuations, especially in rate-sensitive sectors [9][17] Corporate News - Micron Technology and General Mills are notable companies reporting earnings, with Micron's price target raised to $300 due to strong AI-driven demand, forecasting over 25% upside [17] - Tesla is facing regulatory scrutiny after a California judge ruled it could face a 30-day suspension of licenses related to its Autopilot and Full Self-Driving marketing [17] - Amazon is reportedly in talks to invest about $10 billion in OpenAI, potentially intensifying competition in the AI sector [17] Pre-market Activity - AMC Robotics surged nearly 66% on heavy volume, Rezolve AI jumped over 27%, and Biodexa Pharmaceuticals also saw strong gains, while Tesla slipped amid regulatory headlines and Nvidia was slightly lower ahead of earnings [10][15][17] Global Market Trends - Asia-Pacific markets traded mostly higher, with Hong Kong's Hang Seng up 0.82%, China's Shanghai Composite and Shenzhen Component rising 1.19% and 1.70%, respectively, and Japan's Nikkei adding 0.26% [13][17] - European markets opened mostly higher ahead of key central bank decisions and fresh inflation data from the UK, providing additional context for US investors [14][17]

Economic Restructuring - The jobs report indicates a continued restructuring of the economy, with a shift from government jobs to private sector employment as President Trump's re-privatization policies take effect [1][2] Employment Trends - Federal jobs have decreased by approximately 270,000 this year, while private sector jobs have increased by nearly 700,000 [2] - Native-born jobs have risen by about 2.7 million, contrasting with a decline of almost 1 million in foreign-born jobs [2] Wage Growth - Wages for middle-class workers have increased by around 5% year-on-year, which is approximately double the current inflation rate [2][5] Oil Market Dynamics - Oil prices have been declining, with West Texas Crude dropping from $80 to $55 per barrel since the beginning of the year [3] - U.S. oil production is currently exceeding domestic demand, leading to falling prices [3] Gasoline Prices - National gasoline prices have fallen below $3 per gallon, with significant regional variations, such as Oklahoma at $2.30 and California at $4.35 [4] Inflation Impact - The decline in oil prices is expected to reduce inflation indexes significantly in the coming months, potentially leading to lower interest rates [4] Energy Policy and Inflation - Trump's energy-centric view of inflation, combined with deregulation and tax incentives, is contributing to wage growth that outpaces inflation, resulting in increased real wage affordability [5]

New Zealand’s central bank is reducing capital requirements for lenders and expects that to benefit consumers through lower interest rates and more competition https://t.co/WwzeEPpaxF ...

Market Sentiment - Market sentiment may be beginning to turn positive [1] Economic Indicators - Jobs report reveals why the Fed will lower rates [1] Government Initiatives - Government announces the US Tech Force [1]

Group 1 - The Social Security Administration announced a 2.8% cost-of-living adjustment (COLA) for beneficiaries in 2026, which is an increase from the 2.5% raise in 2025 [2][7] - The Federal Reserve has lowered its benchmark interest rate for the third consecutive time this year, but it is not expected to raise rates in 2026 due to easing inflation and stable unemployment [3][6][7] - Changes in the Fed's interest rates do not directly affect COLAs but can influence them through their impact on inflation [5][7] Group 2 - The Fed's actions are aimed at controlling inflation; lowering rates can lead to increased consumer spending and potentially higher COLAs, while raising rates typically discourages spending and results in smaller COLAs [5] - Economists generally believe that the Fed will either cut rates or maintain them in 2026, rather than increasing them [6][8] - Easing inflation is a key factor in the Fed's decision-making process regarding interest rates, which may negate the need for a rate hike in 2026 [8]

Joining us this morning with some reaction. First from the White House is the National Economic Council Director Kevin Asset. Kevin, good morning.Good to have you. >> Great to be here. >> Uh, lot of information uh that the streets trying to absorb.How do you characterize both October and November. >> Yeah, I think it's best to sort of combine the two. And if you do that, then you're looking at private sector gains of about 120,000, maybe 121.And then uh we dropped about 160,000 government workers, federal g ...

Joining us now for more on the markets and jobs, Joe Mato, president CIO at Newberger Berman. Joe, great to have you with us. Good >> to be here.Thank you. >> Um, it's interesting to get the jobs report now after the Fed decision. How important is this for you.>> I think the data is really important. I think the state of the labor market is one of the critical issues in terms of determining what the Fed path is going to be. And, you know, our sense is you're going to continue to see a grinding, weaker labor ...

RT Bloomberg Opinion (@opinion)“It’s a huge psychological jump, right,” @keds_economist explains.“4.4 and 4.6% are very close, but they’re not the same at all, and I think this will get in people’s heads that we are creeping close to 5%. And I don’t think we are.”https://t.co/fbjzWB1IjJ ...