The US will be revising last year’s non-farm payrolls data. Markets have a heightened interest in the labor market, and these revisions are likely to be negative. However, this does not change anything about the economy. Making payrolls marginally less inaccurate is about spin, not substance. Consumers have been spending this year based on the labor market t ... Show More
Yesterday
Top of the Morning: The week in review and preview
Matt Tormey, Equity Strategist Americas from the UBS Chief Investment Office, joins Shiavon Chatman to recap the trading week - including an update on the latest developments surrounding US trade policy, and thoughts on current US equity valuations. Plus, a preview of the upcomin ... Show More
10m 49s
Dec 2023
Can we ever get good news?
In the last week, we’ve seen some solid labor and retail data. Unemployment is low, job availability is high and consumers are spending more than they did last year. But in an economy that’s hyperfocused on tamping down inflation, what’s good for workers might not be good for pri ... Show More
27m 19s
Nov 2024
A jobs report that doesn’t say much about the labor market
Today’s jobs report featured a shockingly small number of new hires with just around 12,000 jobs added. However, as FHN Financial’s Christopher Low explains, these dismal figures have more to do with recent extreme weather events and the ongoing strike at Boeing. Plus, we look at ... Show More
8m 31s
Jul 2
Is the U.S. Job Market Weaker Than It Looks?
P.M. Edition for July 2. The U.S. has been adding jobs at a respectable clip, though the pace has been slowing. But WSJ economics reporter Justin Lahart reports that the labor market is showing other signs of softness. Plus, Tesla reports disappointing second quarter numbers, fol ... Show More
12m 5s
Mar 2025
The week begins on a risk-off note
US inflation concerns intensified, with the core PCE rising 2.8% year-on-year, fuelling fears of stagflation. Tariffs remain a significant concern, with the US poised to unveil new measures on Wednesday. The EU is bracing itself for a potential 20% tariff, and Goldman Sachs has i ... Show More
12m 22s