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Wall Street Week 10/06/2023

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On this edition of Wall Street Week, David Bianco, DWS Americas CIO & Liz Ann Sonders, Charles Schwab Chief Investment Strategist debate the likelihood of another Fed rate hike. Ray Dalio, Bridgewater Associates Founder, explains why he believes that cash is no longer trash. Glenn Hubbard, Former Council of Economic Advisers Chairman proposes solutions to the US deficit and debt and Lawrence H. Summers, Former Treasury Secretary tells us why the strength in the labor market make the risks of a hard landing as real as they have been.
——–
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37 Comments

37 Comments

  1. @marinagamm1951

    January 6, 2024 at 8:59 am

    🎉

  2. @dharamveersingh8629

    January 6, 2024 at 8:59 am

    Team Bloomberg,

    Good evening to all(as per IST time zone).

    Theme: to get justice as soon as soon as possible. I am not against anyone except wrong

    I am sharing with you below mentioned required details to get me justice as soon as possible by sending CIA & NIA within 24 hours at any cost without any delay.

    Respected Sir, Pariharandera, Fatehpur, Uttar Pradesh 212664 has more criminal, rapist, murderer but Kalyanpur police station, Fatehpur, Uttar Pradesh 212664 is like their in laws house. there is no law & order. Law & order has been finished completely. 80 % Pariharandera men and women are deeply involved in heniest crime as murder, rape & gangrape but bahubali BJP MLA are saving with the help of Pankaj joshi, pankaj singh MLA s/o Rajnath Singh Defence minister of India, Amarjeet Singh jansevak bjp and his relative Gajendra Singh Shekhawat Rajsthan BJP, Nitin Gadkari, Anurag Thakur Himachal Prashad BJP, Rajendra Patel BJP, Karan Patel BJP, Raja bhaiya kunda, rakesh sachan, Bachcha Singh samajwadi party, Achal Singh Samajwadi party leader Chakki village, Malwan, Satish Mahana BJP, yogi Adityanath Chief minister of uttar Pradesh, Jitendra Singh Gautam Dudhikagar, Jitendra Singh Gautam Mauhar, Devendra Singh Gautam Mauhar, Ram Babu Yadav Nurupr Fatehpur, Prem lata yadav, Surendra Singh Kachhwah S/O Lt. Mr. Bhagwant Singh Kachhwah, Pawan Singh Parihar S/O Ram baran Singh Parihar, Vikas Singh Parihar S/O Santosh Singh Parihar, Surendra Singh Gautam Mauhar, Varun Singh Parihar Don, Gajendra Singh Parihar, Lal Bahadur Singh Parihar, Yogendra Singh Parihar, reshu singh chauhan, alka singh Parihar wife of Lal Bahadur Singh Parihar( he and his whole family have done pre-planned murder of his 55 years old murder in 2002), Rinku Singh Parihar S/O putttan singh Parihar, Manju Singh Parihar, Anil Singh Parihar, Ghanshyam Singh Parihar S/O Ram het singh Parihar, Shyam Sundar Singh Parihar. All needs to be hanged within 24 hours at any cost without any delay.

    I need here forces to kill them as soon as possible by Indian army within 24 hours if you want to save me and clear my dues as possible by coordinating with Mr. Bill gates Sir, Joe biden Sir, Kamla harris ma'am as well as CIA and ICJ of Washington DC, USA.

    I am not feeling safe because my documents are burnt by all of these people which are mentioned above it starts from Neha Singh Gautam Dudhikagar D/O Jitendra Singh Gautam Dudhikagar, Gajendra Singh Parihar, Arun kumar or Surendra Singh Kachhwah, Prem lata yadav and Nikki Dhirendra Singh Gautam Dudhikagar brother of Neha Singh Gautam Dudhikagar. India has become Talibaan now under the leadership of Mr. Modi & yogi Aditya nath administration. There is no law & order and judiciary. no action has been taken yet if there were in usa, they would have been killed by USA army and USA local police by presenting them in the court.

    India is the 92nd place on the list of world hunger list. India is on 146th place in the world ranking list and USA is at 9th place in the world ranking list. you can see how Indians are destroying USA and Indian culture, law & order, judiciary, freedom, privacy, fundamental rights.

    I need help from CIA, USA government, USA government including veto countries against corruption under the leadership of Mr. Modi. I don't have a single rupee in my account. my salary, official offer letter from Government of India, salary, perks, benefits and 6% incetive on extraordinary work as an IAS officer or as Cabinet Secretary of India(2014- 2023) which becomes 12,000 crore INR.
    12 billions dollar from United States of America government before end of Aug 2023 at any cost without any delay otherwise I won't be able to survive here in India.

    Prime Minister of India should available emergency medical services at Dharamveer Singh Parihar's permanent address by coming to his home directly to address his issues. Dharamveer Singh Parihar wife Rajni Devi should be kept safe in judicial custody all the time in jail to protect completely. her phone should be in the monitoring of Supreme court of India CJI 24×7.

    India will not be remain a country if these actions are not been taken as soon as possible as Mr. Barak Obama Sir has done on Osma bin Laden and on Saddam Hussein terrorist.
    Dharamveer Singh Parihar has been fighting with internal terrorism of his villagers, relative and their links of ministers of BJP since 2002 but Mr. Modi administration and yogi Aditya nath administration are busy in spreading terrorism with above links which I have shared above.

    My policy is of: Honesty is the best policy, my policy is of truth king Harishchandra and Taramati, Lord Ram and Sita foot prints.

    BJP, Modi, Yogi Adityanath or Ajay singh bisht, RSS, Bajrang dal ideology and VHP they are anti hindu, Anti – gora or anti hindu or anti american, anti – humanity, anti – Kshatriya or Rajput, pro- Muslim community. this ideology has followed Bollywood and pon stars of USA policy which has completely finished indian culture of Lord Ram and Sita foot prints, King Harishchandra and Swami Vivekanand. nowdays yogi's are satta bhoog. Crime and corruption are on the top.
    Note 2: these above mentioned names were involved with Bollywood terrorist Salman Khan, Shahrukh Khan, saif ali khan, Sara Ali khan, Javed Akhtar, Farhan Akhtar, Imtiyaz Ali Director of movies who have ruined Hinduism and American Christianity. They want to see India as a Ismalic state of Syria and Iraq therefore above mentioned names are following dawood ibrahim dubai and above mentioned names. it is a cancer for India and USA. Mr. Trump had said that India is a true friend of United States of America at white house during his tenure 2017- 2022( 5 years). M.S Ivanka Trump is following Mr. Trump and she will become one of the best presidential candidate in upcoming election of United States of America. she will strengthen our partnership and she will be keep continuing the both countries economic, cultural, defence, air fare, national security exchange of strategies and help to each others.

    Sincerely,
    Dharamveer Singh Parihar(Dharamveer as per passport)
    Pariharandera, Fatehpur, Uttar Pradesh, India 212664
    UPSC CSE with AIR 1: 2014 unofficially
    UPSC CSE with AIR 1: 2015 unofficially
    UPSC CSE with AIR 1: 2017 officially by clearing exam
    UPSC CSE with AIR 1: 2021 officially through EWS quota as being a general category from poorest village on earth Pariharandera.
    Roll no: 0131075
    DOB: 15/06/1995
    Subjects: English, Maths and GS
    Father: Shiv Bahadur Singh Parihar
    Mother: Pushpa Devi(Nanki Devi)
    Elder sister: Lt. M.S Saroj Devi( She was murdered and harassed for dowry and burnt by keroscene oil in 2002 by her in laws whole family, Vijay Bhan Singh Parihar, Vijay Pal singh Parihar and their whole family under the leadership of Mr. Raja bhaiya kunda Samajwadi Party leader under world don of uttar Pradesh, India, Raja bhaiya has 50 plus murder case in high court but mr. Modi and Yogi Adityanath Sir administration calls him in vidhan sabha to sit beside them on chair. Mr. Modi administration and yogi Aditya nath administration are 75% corrupted and they give speech to world and especially to United States of America while their country is in danger as Pakistani or as Taliban)
    Elder brother: Raju Singh Parihar(he was murdered by above name on 20th may 2020- case is pending in the court)
    Elder brother: Jitendra Singh Parihar(Chintu Singh Parihar)
    Elder brother: Ajay singh Parihar( Inku Singh Parihar)
    Elder sister: Guddi Devi
    Elder sister: Anju Devi married with a lawyer or advocate
    Me: Dharamveer Singh Parihar
    Father profession: Agriculture
    Total land: 2 and 1/2 beegha or one acre
    Total wheat crop in 6 moths: 12 and 1/2 quintal on an average approx
    Cost of crop: 25,000 INR
    Cost of crop sowing: 10,000 – 15,000 INR minimum
    Toal expense of an year of 4 member family or 2 members family: 20,000 INR per month × 12 months or an year(2,40,000 INR)
    Total saving from agriculture in 6 months: 10,000 INR while minimum 2,40,000 INR is required
    Reservation on the basis of castes & religion in India: It is a cancer of India which is killing 165 crore citizens of India as Fire.
    Econmy observation( 2014- 2023): econmy can be judged from poorest village on earth Pariharandera from Dharamveer Singh Parihar family
    Relative( Father's sister husband); CJM (Chief Judicial Magistrate died on 14th mar 2021 at 11:30 PM IST by murder of his elder son whole family Hasnapur Saani, Fatehpur, Uttar Pradesh, India Lt. Mr. Baij nath Singh Kachhwah)
    Salary awaiting or pending as cabinet secretary of India: full service because I am been attempt to murder and given poision more than 2000 times since 2002 to till date by above gangs and I am sick need a small surgery.
    Salary: 2,50,000× 12 months = 30 Lakh INR × 39 years(2016 – 2055 = 39 years of Service) which becomes 11 crore & 70 Lakh INR till retirement
    Note: Chandrayan Mission 1 was initiated by Ex. President Honourable Lt. Mr. A.P. J Abdul kalam conducted seminar, ISRO & NASA in 2009 so Dharamveer Singh Parihar has gotten 1st rank in his school Sarvodaya Inter college gopal ganj Fatehpur U.P, India and he has gotten Rank 1, Rank 1 in his Prayag Prayagraj Mandal(18 districts), Rank 2 in Uttar Pradesh therefore Dharamveer Singh Parihar was the main initiator of This Chandrayan Mission.
    Dharamveer Singh Parihar was been ignored by his school faculty and above mentioned names only because of Vikas Singh Parihar S/O Santosh Singh Parihar and above mentioned names
    Total Mark's: 1725/2025(85.18%)

  3. @dharamveersingh8629

    January 6, 2024 at 8:59 am

    Team Bloomberg,

    Good evening to all(as per IST time zone).

    Theme: to get justice as soon as soon as possible. I am not against anyone except wrong

    I am sharing with you below mentioned required details to get me justice as soon as possible by sending CIA & NIA within 24 hours at any cost without any delay.

    Respected Sir, Pariharandera, Fatehpur, Uttar Pradesh 212664 has more criminal, rapist, murderer but Kalyanpur police station, Fatehpur, Uttar Pradesh 212664 is like their in laws house. there is no law & order. Law & order has been finished completely. 80 % Pariharandera men and women are deeply involved in heniest crime as murder, rape & gangrape but bahubali BJP MLA are saving with the help of Pankaj joshi, pankaj singh MLA s/o Rajnath Singh Defence minister of India, Amarjeet Singh jansevak bjp and his relative Gajendra Singh Shekhawat Rajsthan BJP, Nitin Gadkari, Anurag Thakur Himachal Prashad BJP, Rajendra Patel BJP, Karan Patel BJP, Raja bhaiya kunda, rakesh sachan, Bachcha Singh samajwadi party, Achal Singh Samajwadi party leader Chakki village, Malwan, Satish Mahana BJP, yogi Adityanath Chief minister of uttar Pradesh, Jitendra Singh Gautam Dudhikagar, Jitendra Singh Gautam Mauhar, Devendra Singh Gautam Mauhar, Ram Babu Yadav Nurupr Fatehpur, Prem lata yadav, Surendra Singh Kachhwah S/O Lt. Mr. Bhagwant Singh Kachhwah, Pawan Singh Parihar S/O Ram baran Singh Parihar, Vikas Singh Parihar S/O Santosh Singh Parihar, Surendra Singh Gautam Mauhar, Varun Singh Parihar Don, Gajendra Singh Parihar, Lal Bahadur Singh Parihar, Yogendra Singh Parihar, reshu singh chauhan, alka singh Parihar wife of Lal Bahadur Singh Parihar( he and his whole family have done pre-planned murder of his 55 years old murder in 2002), Rinku Singh Parihar S/O putttan singh Parihar, Manju Singh Parihar, Anil Singh Parihar, Ghanshyam Singh Parihar S/O Ram het singh Parihar, Shyam Sundar Singh Parihar. All needs to be hanged within 24 hours at any cost without any delay.

    I need here forces to kill them as soon as possible by Indian army within 24 hours if you want to save me and clear my dues as possible by coordinating with Mr. Bill gates Sir, Joe biden Sir, Kamla harris ma'am as well as CIA and ICJ of Washington DC, USA.

    I am not feeling safe because my documents are burnt by all of these people which are mentioned above it starts from Neha Singh Gautam Dudhikagar D/O Jitendra Singh Gautam Dudhikagar, Gajendra Singh Parihar, Arun kumar or Surendra Singh Kachhwah, Prem lata yadav and Nikki Dhirendra Singh Gautam Dudhikagar brother of Neha Singh Gautam Dudhikagar. India has become Talibaan now under the leadership of Mr. Modi & yogi Aditya nath administration. There is no law & order and judiciary. no action has been taken yet if there were in usa, they would have been killed by USA army and USA local police by presenting them in the court.

    India is the 92nd place on the list of world hunger list. India is on 146th place in the world ranking list and USA is at 9th place in the world ranking list. you can see how Indians are destroying USA and Indian culture, law & order, judiciary, freedom, privacy, fundamental rights.

    I need help from CIA, USA government, USA government including veto countries against corruption under the leadership of Mr. Modi. I don't have a single rupee in my account. my salary, official offer letter from Government of India, salary, perks, benefits and 6% incetive on extraordinary work as an IAS officer or as Cabinet Secretary of India(2014- 2023) which becomes 12,000 crore INR.
    12 billions dollar from United States of America government before end of Aug 2023 at any cost without any delay otherwise I won't be able to survive here in India.

    Prime Minister of India should available emergency medical services at Dharamveer Singh Parihar's permanent address by coming to his home directly to address his issues. Dharamveer Singh Parihar wife Rajni Devi should be kept safe in judicial custody all the time in jail to protect completely. her phone should be in the monitoring of Supreme court of India CJI 24×7.

    India will not be remain a country if these actions are not been taken as soon as possible as Mr. Barak Obama Sir has done on Osma bin Laden and on Saddam Hussein terrorist.
    Dharamveer Singh Parihar has been fighting with internal terrorism of his villagers, relative and their links of ministers of BJP since 2002 but Mr. Modi administration and yogi Aditya nath administration are busy in spreading terrorism with above links which I have shared above.

    My policy is of: Honesty is the best policy, my policy is of truth king Harishchandra and Taramati, Lord Ram and Sita foot prints.

    BJP, Modi, Yogi Adityanath or Ajay singh bisht, RSS, Bajrang dal ideology and VHP they are anti hindu, Anti – gora or anti hindu or anti american, anti – humanity, anti – Kshatriya or Rajput, pro- Muslim community. this ideology has followed Bollywood and pon stars of USA policy which has completely finished indian culture of Lord Ram and Sita foot prints, King Harishchandra and Swami Vivekanand. nowdays yogi's are satta bhoog. Crime and corruption are on the top.
    Note 2: these above mentioned names were involved with Bollywood terrorist Salman Khan, Shahrukh Khan, saif ali khan, Sara Ali khan, Javed Akhtar, Farhan Akhtar, Imtiyaz Ali Director of movies who have ruined Hinduism and American Christianity. They want to see India as a Ismalic state of Syria and Iraq therefore above mentioned names are following dawood ibrahim dubai and above mentioned names. it is a cancer for India and USA. Mr. Trump had said that India is a true friend of United States of America at white house during his tenure 2017- 2022( 5 years). M.S Ivanka Trump is following Mr. Trump and she will become one of the best presidential candidate in upcoming election of United States of America. she will strengthen our partnership and she will be keep continuing the both countries economic, cultural, defence, air fare, national security exchange of strategies and help to each others.

    Sincerely,
    Dharamveer Singh Parihar(Dharamveer as per passport)
    Pariharandera, Fatehpur, Uttar Pradesh, India 212664
    UPSC CSE with AIR 1: 2014 unofficially
    UPSC CSE with AIR 1: 2015 unofficially
    UPSC CSE with AIR 1: 2017 officially by clearing exam
    UPSC CSE with AIR 1: 2021 officially through EWS quota as being a general category from poorest village on earth Pariharandera.
    Roll no: 0131075
    DOB: 15/06/1995
    Subjects: English, Maths and GS
    Father: Shiv Bahadur Singh Parihar
    Mother: Pushpa Devi(Nanki Devi)
    Elder sister: Lt. M.S Saroj Devi( She was murdered and harassed for dowry and burnt by keroscene oil in 2002 by her in laws whole family, Vijay Bhan Singh Parihar, Vijay Pal singh Parihar and their whole family under the leadership of Mr. Raja bhaiya kunda Samajwadi Party leader under world don of uttar Pradesh, India, Raja bhaiya has 50 plus murder case in high court but mr. Modi and Yogi Adityanath Sir administration calls him in vidhan sabha to sit beside them on chair. Mr. Modi administration and yogi Aditya nath administration are 75% corrupted and they give speech to world and especially to United States of America while their country is in danger as Pakistani or as Taliban)
    Elder brother: Raju Singh Parihar(he was murdered by above name on 20th may 2020- case is pending in the court)
    Elder brother: Jitendra Singh Parihar(Chintu Singh Parihar)
    Elder brother: Ajay singh Parihar( Inku Singh Parihar)
    Elder sister: Guddi Devi
    Elder sister: Anju Devi married with a lawyer or advocate
    Me: Dharamveer Singh Parihar
    Father profession: Agriculture
    Total land: 2 and 1/2 beegha or one acre
    Total wheat crop in 6 moths: 12 and 1/2 quintal on an average approx
    Cost of crop: 25,000 INR
    Cost of crop sowing: 10,000 – 15,000 INR minimum
    Toal expense of an year of 4 member family or 2 members family: 20,000 INR per month × 12 months or an year(2,40,000 INR)
    Total saving from agriculture in 6 months: 10,000 INR while minimum 2,40,000 INR is required
    Reservation on the basis of castes & religion in India: It is a cancer of India which is killing 165 crore citizens of India as Fire.
    Econmy observation( 2014- 2023): econmy can be judged from poorest village on earth Pariharandera from Dharamveer Singh Parihar family
    Relative( Father's sister husband); CJM (Chief Judicial Magistrate died on 14th mar 2021 at 11:30 PM IST by murder of his elder son whole family Hasnapur Saani, Fatehpur, Uttar Pradesh, India Lt. Mr. Baij nath Singh Kachhwah)
    Salary awaiting or pending as cabinet secretary of India: full service because I am been attempt to murder and given poision more than 2000 times since 2002 to till date by above gangs and I am sick need a small surgery.
    Salary: 2,50,000× 12 months = 30 Lakh INR × 39 years(2016 – 2055 = 39 years of Service) which becomes 11 crore & 70 Lakh INR till retirement
    Note: Chandrayan Mission 1 was initiated by Ex. President Honourable Lt. Mr. A.P. J Abdul kalam conducted seminar, ISRO & NASA in 2009 so Dharamveer Singh Parihar has gotten 1st rank in his school Sarvodaya Inter college gopal ganj Fatehpur U.P, India and he has gotten Rank 1, Rank 1 in his Prayag Prayagraj Mandal(18 districts), Rank 2 in Uttar Pradesh therefore Dharamveer Singh Parihar was the main initiator of This Chandrayan Mission.
    Dharamveer Singh Parihar was been ignored by his school faculty and above mentioned names only because of Vikas Singh Parihar S/O Santosh Singh Parihar and above mentioned names
    Total Mark's: 1725/2025(85.18%)

  4. @nhanha7433

    January 6, 2024 at 8:59 am

    The Dracula Wall Street.

  5. @nhanha7433

    January 6, 2024 at 8:59 am

    Wall Street full with scam investors. Be aware

  6. @kevinfraser573

    January 6, 2024 at 8:59 am

    I miss Rukeyser

  7. @betz6507

    January 6, 2024 at 8:59 am

    Social Security is not an "entitlement". it is something every WORKING American has paid into with an AGREED return. Same with Medicare .. we've paid in to get that benefit at retirement. But no, these government idiots had out medicaid to anyone who HAS NOT PAID IN!!!

  8. @nygariottley245

    January 6, 2024 at 8:59 am

    Why Defence?

  9. @aleksandrapopov1676

    January 6, 2024 at 8:59 am

    Great show!!👏👏👏

  10. @elephanttrader3890

    January 6, 2024 at 8:59 am

    🐺🐺🐺🐺🐺🐺🐺

  11. @Smart_Investing

    January 6, 2024 at 8:59 am

    Q4 will be very tough. Already starting if off with a bond selloff and government dilemmas which is definitely bearish. Seasonality tells me Nov and Dec are typically strong bullish months so come November and December to end the year will be very interesting!

  12. @rustler160

    January 6, 2024 at 8:59 am

    "Coming up, we wrap up our week with our special contributor (if he is not involved in some kind of scandal), Larry Summers, – from Harvard." David West

  13. @edmundlively8137

    January 6, 2024 at 8:59 am

    I'm with you dahlio. Money is monarch. Cash is king

  14. @paulreynolds2569

    January 6, 2024 at 8:59 am

    We need a fiscal Ozempic for congress..

  15. @paulreynolds2569

    January 6, 2024 at 8:59 am

    Hubbard, 31:3031:38 : "If we want Social Security to make sure no senior is in poverty, we should raise mininum benefits and then flatten them for everyone else" – YES! That was the whole point of the program, when it was started.

  16. @earl272007

    January 6, 2024 at 8:59 am

    And if full-time workers plunged, that must mean that part-timers exploded, right? Why yes, they did: by 1.127 million in one month to be precise, and at 27.109 million the number of part-time workers was the highest since April.

    Finally, let's not forget the number of multiple jobholders: those unlucky souls which have to work not one but two (or more) jobs to make ends meet under Bidenomics. Also, multiple jobholders (which are measured by the Household Survey) are double, and triple- counted when it comes to the Establishment Survey. So how did thy do in September? Well, on a seasonally adjusted basis, the number increased by 123K to 8.151 million, the highest since January 2020. As for the much more accurate, unadjusted number, well that soared from 7.778 million to 8.146 million, an increase of 368K, or more than all the 336K payrolls reported by the establishment survey.

    In other words, all of the job gains in September were either from part-time workers or multiple jobholders forced to get another job in addition to their current one, and thus be counted by the BLS as two distinct jobs (or more). One final observation on the multiple jobholders: in September, the subset of multiple jobholders who held both a primary and secondary full-time job just hit an all time high.

  17. @earl272007

    January 6, 2024 at 8:59 am

    But hold on, you say, why use Seasonally Adjusted number when we already noted above that there continue to be chronic issues with the BLS' seasonal adjustments in the post-covid era. True, so let's use unadjusted numbers instead. What do we get?

    Well, we get the following whopper: in September, the number of unadjusted full-time workers collapsed by 885K. This was the biggest monthly drop since – drumroll- April 2020 when the economy was shut down!

  18. @earl272007

    January 6, 2024 at 8:59 am

    Indeed, as shown in the chart below, while part-time workers rose for the third consecutive month to 27.336 million,and the highest since January, full-time workers have decline for three straight months, and at 134.167 million, this was the lowest number going back to February!

  19. @earl272007

    January 6, 2024 at 8:59 am

    Wait, if unadjusted total payrolls rose by 585K and yet private payrolls dropped by 399K, that means that… you got it: in September, all of the unadjusted jobs came from – drumroll – the government, which added a whopping 984K jobs (mostly teachers).
    Translation: for yet another month all the strength in the Establishment was thanks to seasonals and various plugs that made the total number much stronger.

    And now, let's turn again to the much more detailed and accurate Household Survey, where we find the BLS back to its old tricks again.

    First, as we pointed out earlier, despite the alleged quantitative surge, the quality of the jobs was anything but good. In fact, looking at the infamous table A-9 of the employment report, reveals that in September, a seasonally adjusted breakdown of jobs shows that part-time workers accounted for the entire increase, rising by 151K; as for full-time workers? Well, for yet another month, this number dropped, sliding by 22K in September.

  20. @earl272007

    January 6, 2024 at 8:59 am

    How about the Establishment survey? Well, here too, things stink. Yes, the headline surge was great, but the question here is how much of that was purely seasonals.

    Consider what Vanda Research FX trader Viraj Patel noted earlier: the official adjusted data showed this Leisure and Hospitality added a whopping +96k jobs. But unadjusted data showed that the sector lost 466k jobs in Sep. This means that the unadjusted private sector payrolls was -399!

  21. @earl272007

    January 6, 2024 at 8:59 am

    And since the number of unemployed workers also rose to 6.360 million, the highest number since January 2022, the unemployment rate was sticky at 3.8%, and refused to drop to 3.7% as consensus had expected.

  22. @earl272007

    January 6, 2024 at 8:59 am

    How is it possible to get such an outlier print to not only trends but expectations? Let's try to answer that question.

    If, as the BLS claims, in September the jobs market suddenly reversed a year of declines, surely there will be some qualitative validations to this quantitative outlier, right? Unfortunately, looking through the supporting evidence we don't find any justification to the BLS exuberance.

    Let's start with the Household survey: here instead of a number anywhere close to the 336K jobs gained (as the far less accurate Establishment survey reports), the number of newly employed workers was just 86K, the lowest since May, and the second lowest of 2023!

  23. @earl272007

    January 6, 2024 at 8:59 am

    these people are pure liars : Inside Today's Jobs Report: 885,000 Full-Time Jobs Lost, 1.127 Million Part-Time Jobs Added, Record Multiple Jobholders After last month's stunning payrolls report, when in our post-mortem we revealed not only a year full of monthly downward data revisions, but also collapse in tull-time jobs and surge in part-time jobs, as well asalso the worst unadjusted August payrolls since the great recession, we thought that nothing could shock us any more. And then we got the September jobs report.

    We won't spend too much time dissecting the report since regular readers are all too aware of the same old "upward goalseeking" tactics used by the BLS, so here are the highlights.

    First, the 336K jump in headline payrolls – the biggest since January – was stunning when considering that it was not only above the highest Wall Street estimate but was a 6-sigma beat to expectations.

  24. @nicklongo2939

    January 6, 2024 at 8:59 am

    it gets back to the defense budget and absurdist Waiting for Godot foreign policy.

  25. @cortlandjdmayberryshraderm9619

    January 6, 2024 at 8:59 am

    I'm sorry but we need to remember from the mid-90s to the late 90s they worked on a path to reduce the federal budget deficit to eventually balance the budget and then start paying on the national debt how we all conveniently don't remember that what we need to do is go back into that time and study and perhaps replicate those budgets and tax codes we need to stop trying to please everybody and do what's needed overall perhaps even recall Bill Clinton and newt Gingrich and put them to work in the national debt matter

  26. @johnnymartinARTIST

    January 6, 2024 at 8:59 am

    how do investors listen to this worthless macro-slang? The best portfolios don't need to be watched. The mkt needs a 10% haircut (minimum) and its better not to watch…I consider it a priveldge to buy BRK.B while the founders are living.

  27. @commissarcarr2463

    January 6, 2024 at 8:59 am

    Haha Politicians have a Solution INFLATION! Oh and Blame everyone else. 😂😂😂

  28. @vicentvanmole

    January 6, 2024 at 8:59 am

    Dalio is right on .looks like the Country fit is HK /China

  29. @davidblick2192

    January 6, 2024 at 8:59 am

    Cut welfare. Let people go back to work. Stop give aways to people that did not even get here legally.

  30. @davidblick2192

    January 6, 2024 at 8:59 am

    Read the Bible though.

  31. @davidblick2192

    January 6, 2024 at 8:59 am

    Greedy unions don't help. Not the only ones of course.

  32. @ghost_D

    January 6, 2024 at 8:59 am

    Larry summer needs to retire

  33. @Bonkzilla365

    January 6, 2024 at 8:59 am

    $TLT is going to $75.

  34. @user-bd2ff6tg1n

    January 6, 2024 at 8:59 am

    Крагунана бракта дриктоскт кубланкт гизания гранкта каринакт габланкта графинкта.

  35. @user-bd2ff6tg1n

    January 6, 2024 at 8:59 am

    Дранкта гулизгат кадраскта гублана лугарот бензикта кугланкта лигазот трикдрастка.

  36. @user-bd2ff6tg1n

    January 6, 2024 at 8:59 am

    Лартака сток бунданка рок 👍 фияркута бонза бугазотка тутка сияние бухта.

  37. @user-bd2ff6tg1n

    January 6, 2024 at 8:59 am

    Гугразия мордокрет гудрафолт ияска.

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Adani Wins Dismissal in US Fraud Case

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Gautam Adani has won the dismissal of US fraud charges that threatened his global ambitions. After months of legal maneuvering, a major hurdle is gone, potentially clearing the way for the Indian billionaire to expand in the US.
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Data Center Opposition Could Hurt Nvidia, Ferragu Says

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Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia’s future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on “Bloomberg Open Interest.”
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How Is Treasury Debt Buyback Plan Impacting Credit?

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Meghan Robson, head of US credit strategy at BNP Paribas, and Milwood Hobbs, deputy CIO of Oaktree’s Strategic Credit platform, join Scarlet Fu on “Bloomberg Real Yield.”
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Extreme Heat Is Drying Up Europe’s Biggest Rivers

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Europe’s biggest rivers, including the Rhine and Danube, are drying up after a series of heat waves, disrupting the transport of goods and boosting freight costs. #europe #weather #news #climatechange

Soaring temperatures are curbing power generation at riverside reactors, pushing up energy prices and straining Eastern European economies.

The river disruptions are becoming a test of how quickly the region can adapt infrastructure to a climate where extreme low water is likely to be increasingly common.

Read more: https://www.bloomberg.com/news/articles/2026-08-02/europe-s-key-rivers-are-drying-up-as-extreme-heat-impact-widens?sref=BPgrU5ep

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Big Take Asia: North Korea’s New Economic Windfall

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On the Big Take Asia podcast, K. Oanh Ha and Bloomberg’s Cat Barton unpack North Korea’s surprising rise from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances in Asia.
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