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The Federal Reserve is more inclined to cut rates if the data is poor.

And in fact, it was the fact that these revisions in the

latest report were so poor that has induced the market to believe now that the Fed may cut in

September and then it may cut again in December. In fact, it's not in conceivable that it cuts

three times this year. Hello and welcome to the Barron Streetwise podcast. I'm Jack Howe, and the voice you just heard is Terry Wiseman.

He's a strategist at Macquarie Group and the author of a recent report titled,

How Do You Play the Data Integrity Mess? He's going to talk to us about the recent firing of the head of the Bureau of Labor Statistics and what it means for investors.

We'll also talk a little bit about Johnson and Johnson and hear from that company's chief

financial officer Joe Woke. And I'm going to say just a couple of words about Yeti.

And what I'm calling Peak Chug is a water bottle thing.

Listening in is our audio producer Alexis Moore.

Hi, Alexis.

Hey, Jack.

I'm back after a couple of weeks off through the magic of podcasting arts.

I know you kept the episodes flowing here,

so maybe people didn't know I was away.

I want to talk to you about cars.

Help me diagnose a problem.

I've already fixed it, but I'm driving the car,

...