RT Bloomberg New Economy (@BBGNewEconomy).@RishiSunak talks about the skills humans need to adopt in the age of AI, and how managing a “team of agents” will be a new skill set in the job market. #BloombergNewEconomy⏯️ https://t.co/J5lCJTamOX https://t.co/1yeVlWUDOS ...

Fed Governor Stephen Miran said better-than-expected inflation data and signs of continued weakness in the job market call for a third consecutive interest-rate cut in December https://t.co/R3J1ixfBN5 ...

It's been one year since Donald Trump was elected and voters in swing states have thoughts on how the president is handling the US economy. >> When Trump came to office, um it it's I think it's fair to say that all hell broke loose. >> Bloomberg News found the results to be a mixed bag.Some are concerned about rising prices. Some wish the president had focused more on domestic issues rather than foreign affairs. And the future of the job market and AI cropped up as well.He got elected primarily because of t ...

We always have to be cautious at reading too much into any one report and that's going to be even more the case when we have a government shutdown that we're not getting the data that we need to make monetary policy in the context of the overall picture of the job market. It seems like the pre-existing trends that were in place before the government shutdown labor market seem to be continuing uh you know at at a similar rate. You continue to see modest potential overall job creation.and you continue to see ...

Market Trends & Investment Opportunities - Tom Lee is bullish on the stock market and cryptocurrency, anticipating a strong November with the S&P potentially rising by 200-250 points [2][3][4] - Fundamentals are leading price in crypto, with Ethereum stable coin volumes and application revenues at all-time highs, suggesting a rally into year-end [6] - Quantitative Tightening (QT) is expected to end, leading to a return of Quantitative Easing (QE), which historically drives asset prices up [24] Impact of AI & Automation - Chat GPT's launch correlates with a decline in job openings, indicating a potential impact on the job market [8][9][10] - Companies are becoming more productive with AI, incentivizing them to do more with less, increasing profitability and value [11] - China is leading in robotic hardware manufacturing, producing more robots than Germany, South Korea, Japan, and the US combined, at a lower cost [12][13] Economic & Policy Considerations - The Federal Reserve may be forced to resume balance sheet expansion to maintain an ample level of reserves and ensure financial stability [23] - Nvidia is aiming to bring back American manufacturing to enhance national security and supply chain resilience [15][17][18]

Chat-GPT is destroying the job market.But as companies get more profitable, they will free people up to work on higher value things. https://t.co/IvP589wbPV ...

You had said before the policy meeting that you were somewhat uneasy about front-loading rate cuts based solely on slowing payroll growth and that at the same time inflation had been moving in the wrong direction and just counting on inflation to be transitory made you uneasy. So why did you vote in favor of cutting rates last week. Was there anything that changed that caused you to want to take out more insurance.Well, before the last meeting, not not this not this November meeting, but in September, um my ...

You know in terms of the jobs this is going to take some period of time but yes uh although it hasn't been seen in large numbers over the next several years there will be some impact on the job market nowadays when you say that some people are like oh how can you you know you know say that isn't that going to slow the US down in this race but it's only honest for people um to speak frankly about the fact this will have a big effect on the job. ...

RT Bloomberg Live (@BloombergLive)"What an employee does today and what the person needs to do tomorrow for the same job will be very different with the help of AI."@tata_comm's CEO A.S. Lakshminarayanan on how AI will change the job market.⏯️ https://t.co/nnRX4STUiQ https://t.co/kDAWDEr9j1 ...

Market Overview & Economic Commentary - The market exhibits investor exuberance, potentially indicating overvalued or fully valued assets [4] - Deregulation and the ability to execute deals are expected to stimulate the economy [3][9] - The depreciation on capital expenditures is a significant economic driver [10] - October is anticipated to be a challenging month for the overall market [8] Banking Sector Analysis - JP Morgan's stock is considered expensive, while Wells Fargo is undergoing a rerating as it emerges from a penalty box [1] - Citigroup is viewed as undervalued compared to its peers, reaching a target range of $102-105 [1] - Goldman Sachs has achieved its most profitable year ever, signaling a positive environment for the economy [6] - Financing activity is increasing, including the largest leveraged buyout (LBO) ever, and banks are eager to finance AI buildout [5][6] CEO Sentiment & Future Outlook - Bank CEOs express optimism, particularly regarding M&A activity [7] - Goldman Sachs believes it can strategically accomplish objectives in the current environment [5] - The core M&A business is thriving, indicating active deal-making [7] - The job market's stagnant nature, characterized by low hiring and firing rates, poses a potential downside risk [9]