Business
Jobs Report Shows Policies Working: Acting Labor Sec. Su
Acting US Labor Secretary Julie Su reacts to the November US employment report. She speaks with Jonathan Ferro on “Bloomberg Markets.”
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Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television.
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Treasuries led a global bond rally as a selloff in artificial-intelligence shares deepened, spurring demand for havens from a growth slowdown. A measure of CoreWeave’s credit risk climbed to an all-time high Thursday as its high-yield bonds extended declines. We get reaction from Bloomberg Tech host Ed Ludlow. Steve Kaplan of JPMorgan Asset Management joins to discuss trends in portfolio diversification. Bloomberg’s Austin Carr examines Marc Andreessen’s rise as a MAGA power player ahead of midterms. Plus – US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. We examine what it could mean for monetary policy with Frank Monkam, Bloomberg News Macro Strategist. All on the latest episode of Bloomberg Businessweek Daily.
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A rout in Asian chipmakers led the MSCI Asia Pacific Index to its lowest since August as investors grow uneasy about whether massive AI spending will pay off. Matthew Bloxham of Bloomberg Intelligence has more.
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@joealonzo536
December 17, 2023 at 4:42 am
📀The key to knowing the state of the economy. Question: Can I afford in the Biden administration what I could afford in the last administration? And the answer is: NO, you cannot. If you are living your life on credit, you do not even own your life.
@Balance-yz4qg
December 17, 2023 at 4:42 am
Have your heard about the 🆕 project in Tennessee.,.. 400 k labor union workers. I'll have a 🍺🍻 on that enterprise….
@aaronvm8195
December 17, 2023 at 4:42 am
As long as inflation is high and still gradually on the rise, growth of any kind isn't going to amount to a hill of beans. Pay rates have doubled over the last 2 years, and everyone is still unable to pay the bills. Doesn't take a rocket scientist to figure that out. Nothing to tout here
@user-eo8tr1yz7x
December 17, 2023 at 4:42 am
Thank you Mr President Biden 🎉🎉🎉🎉
@marcomorales8201
December 17, 2023 at 4:42 am
How she have this job?
@0monroy
December 17, 2023 at 4:42 am
Julia Su's response, which leaned towards political rhetoric, leaves critical questions unanswered. It's perplexing to hear boasts about low unemployment rates in the face of substantial job losses in the tech sector, and the simultaneous issue of high prices driven by inflation. Furthermore, it's curious why the President, through a statement, would claim that inflation is decreasing while urging companies to stop price gouging. This juxtaposition of seemingly contradictory economic indicators – low unemployment, high inflation, and the President's statements on price gouging – calls for a deeper analysis to understand the actual state of the economy and the policies being implemented. Bravo Jon for sticking to task, it show his exemplary method putting people on task to answer the questions. How can we have infrastructure projects when their are people who can’t work in construction at 55 years of age. This is about data dependability and political intervention occurring. Jon you were amazing as usual.
@tommyeschung
December 17, 2023 at 4:42 am
Saying yhis is the exonomy they want to build is some grim dtuff
@tommyeschung
December 17, 2023 at 4:42 am
Why is she still saying bidenomics
@ssuwandi3240
December 17, 2023 at 4:42 am
Ohh look.. Buydun mouthpiece is licking the boots ..
@KenHuyn
December 17, 2023 at 4:42 am
😂 why is he badgering her on something that she doesn’t have anything to do with? This guy is abrasive.
@seanburton5298
December 17, 2023 at 4:42 am
Answer the question, lady! Price gouging is maintaining prices high. Why not just say lower the prices of goods and services 🤔
@seanburton5298
December 17, 2023 at 4:42 am
Close the border. Find a solution to the millions of migrants here.
@swaggitypigfig8413
December 17, 2023 at 4:42 am
A website went down for a bit, it happens. Chill.
@elden6629
December 17, 2023 at 4:42 am
Why are you badgering her
@meadhill
December 17, 2023 at 4:42 am
Dude, IT folks were working on the website updating the new unemployment data!
@michael2275
December 17, 2023 at 4:42 am
Nope. Biden worst president on economy ever.
@mariod.4809
December 17, 2023 at 4:42 am
Lies lies and more lies
@NHLblkgurl
December 17, 2023 at 4:42 am
NONSENSE. *unless you want to go through the record credit card debt, people postponing retirement or returning post retirement, tapping into or liquidating 401ks, stay home parents entering the workforce, people working multiple jobs, etc etc etc etc .. just to survive Joeflation*