“It’s not cost cutting; it’s replacing in some cases lower-value human capital.”

Standard Chartered CEO Bill Winters delivered a blunt message on the future of the bank’s workforce. Aisha S. Gani explains the growing trend among finance leaders acknowledging the realities of AI technology replacing jobs.
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Just months ago, investors were selling the dollar against the euro to Bitcoin and gold. Now the dollar is rallying. So what’s changed? Ruth Carson explains.
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Get a jump start on the US trading day with Dani Burger on “Bloomberg Open Interest.” US hiring slows sharply in June as Wall Street weighs what comes next. The Nasdaq fights back as Meta reshapes the global AI race, and OpenAI is reportedly considering giving the U.S. government a 5% stake. White House NEC Director Kevin Hassett reacts live to the jobs report, BlackRock’s Rick Rieder breaks down the market impact, Revelio Labs explains how AI is creating jobs despite slower hiring, and Bridgepoint’s $1.4 billion real estate bet points to a potential decade-long investment boom.

Chapters:
00:00:00 – Open Interest
00:02:09 – Stocks Rise and Bond Yields Fall After Jobs Report
00:05:31 – Korean Stocks Tumble as AI Jitters Hit Chipmakers
00:08:12 – Microsoft Creates 6,000-Worker Unit to Help Clients with AI
00:15:19 – Rick Rieder BlackRock | Jobs Data, Inflation & Fed Policy
00:26:36 – Kevin Hassett White House National Economic Council Director | White House View on Jobs, Growth & Fed Cuts
00:49:40 – Julia Coronado MacroPolicy | Labor Market, Inflation & Fed Strategy
01:01:22 – Al Rabil Kayne Anderson | Bridgepoint Acquires Kayne Anderson Real Estate
01:07:57 – Jan Goetz IQM Quantum Computers | Expands Global Quantum Footprint
01:17:04 – Lisa Simon Revelio Labs | US Adds 57K Jobs in June, Below Estimates
01:24:46 – Strait of Hormuz Fees, Iran Risk & Global Trade
01:26:44 – USMCA Review, Supply Chains & North American Trade
——–
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US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official. Witkoff and Kushner were in Doha as part of ongoing indirect talks between the Washington and Tehran intended to forge a longer-term peace deal. Bloomberg’s Abeer Abu Omar reports.
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President Trump and JPMorgan CEO Jamie Dimon are among the most recent bosses to say that workers must come back to the office five days a week.
But is there really data out there that proves this improves worker performance?
On this episode of the Big Take podcast, we discuss the latest push for workers to return to the office https://trib.al/QPQwd5Y

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