Bloomberg
Jobs Data Signal Rate Hikes Over: BlackRock's Rosenberg
Jeffrey Rosenberg, BlackRock Systemic Multi-Strategy Fund portfolio manager, discusses what the July US employment report means for the yield market with Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance."
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Bloomberg
Uber Turns an Operating Profit for First Time
Uber Technologies Inc. reported its first-ever operating profit, fueled by demand for rides and delivery and marking a significant milestone as the company seeks to move beyond its cash-burning past. Mandeep Singh of Bloomberg...
Bloomberg
Tech, Finance Rightsizing: Conference Board's Peterson
Dana Peterson, chief economist at the Conference Board, says what consumers see as a "white collar recession" is more about labor shortages versus not during an interview with Lisa Abramowicz on "Bloomberg Surveillance."
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Bloomberg
US GDP Growth Unexpectedly Rose in Second Quarter
Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months. US jobless claims fell further and the core PCE price index was below expectations. Mike McKee has the numbers on "Bloomberg...
Bloomberg
Why Michael Kantrowitz Is Rethinking His Market Outlook
Piper Sandler Chief Investment Strategist Michael Kantrowitz explains why he is rethinking his outlook for US stocks on "Bloomberg Markets: The Close."
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Bloomberg
College Is Not The Only Path To Success
Last year, 62% of recent high school graduates were enrolled in college, the smallest share in two decades and eight points lower than 2009, when enrollment peaked.
Some of that drop can be attributed to pandemic-era school closures,...
Bloomberg
Recession Risk Has Receded, Renaissance's Dutta Says
Neil Dutta, Renaissance Macro Research head of US economic research, says there's more upside to the economy than not and the US unemployment rate will not exceed 4% during an interview with Tom Keene and Lisa Abramowicz on "Bloomberg...
Bloomberg
Fed, Market Narrative to Change Towards Growth: Apollo's Slok
Torsten Slok, chief economist at Apollo Global Management, says inflation remains at levels too high for comfort for the Federal Reserve and that "a default cycle has started" for consumers and corporates. He speaks on "Bloomberg...
Bloomberg
US Producer Prices Barely Increase as Jobless Claims Dip
The PPI for final demand rose 0.1% from a year earlier. Jobless claims dropped by 12,000 to 237,000 in the week ending July 8. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Fidelity: No Imminent Risk Of China Missing 5% Growth
Fidelity International Asia Economist Peiqian Liu thinks there is no imminent risk of China missing its annual growth target of 5 percent. She speaks with Haslinda Amin and David Ingles on "Bloomberg Markets: Asia".
Bloomberg
The Vibes Are a Real Problem
If the economy is getting better, why are the vibes so bad? Kyla Scanlon has the answer.
Bloomberg
Fed Is Fighting a Battle It Has Already Won: JPM's Kelly
JPMorgan Asset Management Chief Global Strategist David Kelly warns the US labor market will eventually crack and disinflation is everywhere. Speaking on "Bloomberg Surveillance," Kelly also says that when the Federal Reserve starts to...
Bloomberg
June Jobs Report Gives Fed Green Light for Rate Hike
A solid employment report with stronger-than-expected wage growth for June keeps the Federal Reserve on track to raise interest rates this month and mull another hike as soon as September. Bloomberg Television guests provide instant...
Bloomberg
The Fed Is Stuck Right Now, Crossmark's Fernandez Says
Crossmark Global Investments Chief Market Strategist Victoria Fernandez says the Federal Reserve will definitely hike rates at the July meeting on "Bloomberg The Open."
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Bloomberg
US Employers Added Fewer Jobs in June Than Projected
Nonfarm payrolls increased 209,000 after a downwardly revised 306,000 advance in May, a Bureau of Labor Statistics report showed. The unemployment rate fell to 3.6%. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Jobs Report May Be Turning Point for Fed, Kroszner Says
Former Federal Reserve Governor Randall Kroszner, a University of Chicago Booth School economics professor, expects the Federal Reserve to hold rates in the "mid-fives" for a while during an interview on "Bloomberg Surveillance."
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Bloomberg
Why BlackRock Strategist Wei Li Is Underweight Equities
"The concept of a full-employment recession may well be in the cards," BlackRock's Global Chief Investment Strategist Wei Li, says during an interview on "Bloomberg Markets: The Close."
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ADP Chief Economist: Jobs Market Strong But Fragmented
ADP Chief Economist Nela Richardson says the US jobs market is "incredibly strong" but it is also "incredibly fragmented" during an interview with Matt Miller and Jon Erlichman on Bloomberg Television.
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Bloomberg
US Companies Added Almost Half a Million Jobs in June
Private payrolls increased by 497,000 last month, marking the biggest advance since February 2022, according to figures published by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. It was more than double...
Bloomberg
CalSTRS Ailman Says a Recession Is Coming
Christopher Ailman, chief investment officer for the California State Teachers' Retirement System, says he still thinks a recession is coming and this is the year to pay attention to the bond market. He's on "Bloomberg Markets: The...
Bloomberg
What to Expect From the Fed Minutes
Wall Street will be digesting a lot of data during this short week starting with the latest minutes from the Federal Reserve. Bloomberg's Michael McKee reports.
Bloomberg
Manufacturing Layoffs Coming Into Play, ISM's Fiore Says
Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, discusses the takeaways from the ISM's June factory report with Guy Johnson and Kriti Gupta on "Bloomberg Markets." The ISM's manufacturing gauge fell to 46, the...
Bloomberg
Jobless Claims Down Most Since 2021, GDP Revised to 2%
Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24 according to the Labor Department's report. First-quarter US GDP was revised up to 2%. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Moody's Zandi: No More Than One or Two Rate Hikes Ahead
"What's going on in the housing market, given where rates are today, is sufficient to get inflation back down to something I think the Federal Reserve should feel comfortable with," Moody's Analytics Chief Economist Mark Zandi says...