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BLOOMBERG Bloomberg Markets Americas July 12, 2024 - Vimarsana News

BLOOMBERG Bloomberg Markets Americas July 12, 2024

Barreling toward the location where the Oil Production goes on. Energye about the oil space, what the 2020 policy has to do with that. We are going to turn our attention to the fed, the big event this week. The markets are watching the annual market symposium in jackson hole tomorrow. It will be virtual and the theme is navigating the decade ahead. The kansas city president Esther George spoke with michael mckee. I will offer you from my perspective this has been a useful process, process that really asks of ourselves to look at what we have learned over the past decade, to try to think about ...

BLOOMBERG Bloomberg Surveillance July 12, 2024 - Vimarsana News

BLOOMBERG Bloomberg Surveillance July 12, 2024

Abramowicz and tom keene in new york. Good morning on Bloomberg Radio across the nation. Good morning on Bloomberg Television worldwide as well. Theferro, without question most mysterious jobs report ive ever witnessed. Jonathan we talked about the wide range all morning. Lets talk about it again. At the top, 2. 4 million. Thats the high estimate. Below, 100,000. The pace of the recovery is slowing. I wonder if we have seen more evident if we are seeing more evidence of that a little later this morning. Tom i thought of one of your good questions earlier, the idea of this shift to the new unem...

BLOOMBERG Bloomberg Surveillance July 12, 2024 - Vimarsana News

BLOOMBERG Bloomberg Surveillance July 12, 2024

Worldwide on Bloomberg Radio and Bloomberg Television. Weve been doing this for 19 years. Each year is different. Vice president pence will travel here to the memorial site, maybe with Vice President biden in attendance as well come on his way to pennsylvania. It is a most different september 11. Jonathan 8 46 eastern is the first moment of silence as we observe United Airlines flight 11 striking the north tower 19 years ago. Tom there are all sorts of remembrances, but no one on this team but Lisa Abramowicz understands this. To go back 19 years, really and ask ordinary moment for those of yo...

BLOOMBERG Bloomberg Markets Americas July 12, 2024 - Vimarsana News

BLOOMBERG Bloomberg Markets Americas July 12, 2024

Lets dig into the numbers. Paul is joining us right now, a professor of economics and a nobel laureate. And michael mckee. He broke down the payroll numbers early on. Eye,his really caught my the Unemployment Rate. Mike more people in the Household Survey got jobs, fewer people laid off, even though the labor reports rose during the month. Overall, as you mentioned, 1,370,000 jobs created, the forecast was for 1,350,000, so the economists got it right with their consensus forecast. In the biggest jobs categories, retailing at a 249,000, professional services 197,000, 147,000 in education, and ...

BLOOMBERG Bloomberg Markets Americas July 12, 2024 - Vimarsana News

BLOOMBERG Bloomberg Markets Americas July 12, 2024

Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number...