Steph Ruhle breaks down the latest jobs report — which showed a loss of 92,000 jobs — and how that data could spell trouble for Trump's economy amid the conflict with Iran. MS NOW: My Source for News, Opinion, and the World. » Subscribe to MS NOW: https://www.youtube.com/@msnow MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/ #jobs #ir ...

Bad jobs data and prior months revised downzerohedge (@zerohedge):More massive revisions:December revised down by 65,000, from +48,000 to -17,000January revised down by 4,000, from +130,000 to+126,000. ...

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]

Labor Market Trends - Wall Street's alternative jobs data indicates a weakening U S labor market [1]

A host of alternative jobs data from Wall Street are pointing in the same direction: The U.S. labor market is losing steam https://t.co/xGA9h60Ca3 ...

McCay wrote a piece this year entitled The Visionary of Trump 2.0%, in which he takes a look at Russell Vot's potential impact under Trump's second presidency, which I'm thinking we might see quite soon. Uh, we'll get to that in just a moment. Um, Mara, I want to start with you though on my question.Um, in terms of the American people, busy, hardworking, maybe a little bit tuned out, like exhausted by the news. Um, are they really clued into what's at stake. How quickly would Americans feel the cuts to heal ...

Treasuries hung onto gains after US jobs data fueled bets for an interest-rate cut this month from the Federal Reserve https://t.co/wkNTGe945o ...

The fallout continues after President Trump fired the commissioner of the Bureau of Labor Statistics following a dismal jobs report. Joining us right now is White House National Economic Council Director Kevin Hasset. Uh Kevin, want to thank you for joining us.Um let's just start with with a very basic question. Um the president said on Friday that he believed that these numbers were rigged, that they were politically motivated. Do you believe that to be true.You know, as an economist, I like to go for what ...

Let's bring in Jeremy Seagull, professor emmeritus of finance uh at University of Pennsylvania's Wharton School of Business and chief economist at Wisdom Wisdom Tree. I think you're Jeremy Professor, your ship's coming in. Uh the economy has been weaker than than people thought, I think.Yeah. Yeah. And first of all, I'm not going to let the BLS off the hook.I mean, you know, you talk about how to fix it. you know, make these questionnaires mandatory and give them a time limit to fill it out. Um, you know, I ...

Data Integrity Concerns - The report discusses potential manipulation or misrepresentation of economic data, specifically jobs data [1] - There are concerns about the transparency and reliability of reported numbers [1] - The report highlights a significant revision to jobs data, described as the largest since 1968 [2] - The revision is considered a historically important outlier and unprecedented [3] Political Context - The report suggests a potential conflict regarding data reporting, with concerns about political influence [1] - The discussion involves revisions to reported numbers, including those under a previous administration [2]