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On The Tape

Labor Pains and Opportunities with Peter Boockvar and an Interview with ZipRecruiter CEO Ian Siegel

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 10 October 2022

⏱️ 49 minutes

🧾️ Download transcript

Summary

Guy and Dan are joined by Peter Boockvar of Bleakley Advisors to discuss to the Jobs Report (1:05), risks to the stock market (7:13), and earnings season (11:55). Later, Peter talks to Ian Siegel, co-founder and CEO of ZipRecruiter about the founding of ZipRecruiter (19:10), the rapid growth of the company (25:30), the journey to a direct listing IPO (36:50) and some predictions on where his industry goes next (42:35). With ZipRecruiter having a front-row seat of the push and pull between employers, employees and wages, Peter and Ian also discuss the changes brought on by the pandemic, what changes could be permanent, and debate where employee leverage, wages, and the economy may go next. Check out our show notes and transcript here ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0

Welcome to a bonus episode of the On the Tape podcast.

0:05.0

Dan Nathan, we're joined by Peter Bookvar.

0:07.7

You know him.

0:08.8

He's a stud.

0:10.0

Peter spoke to Ian Siegel, the co-founder and CEO of ZipRecruiter,

0:15.3

$2 billion company, about a billion dollars in revenue.

0:18.4

They clearly are front and center in terms of what's going on.

0:22.1

Peter, welcome back to On the Tape.

0:24.6

Thank you, Guy.

0:25.3

Thank you, Dan.

0:25.9

Always fun getting on with you guys.

0:27.5

Peter, before we get into it, obviously on Friday, we saw a job number that, listen,

0:32.4

if you're a citizen of this country, it's great news.

0:34.9

Unemployment rate continues to go lower a trend in the right

0:37.7

direction theoretically. But in terms of your Federal Reserve official, it's doing exactly the

0:42.2

opposite of what you wanted to do. The market reacted in kind, and they find themselves in this

0:47.0

real predicament that things are starting to go a little pear shape, but the numbers that they

0:51.0

need to sort of acquiesce and go their direction or doing anything but.

0:55.2

I mean, you can just sense almost every day over the past couple weeks,

0:59.2

the market's just sort of begging and hoping and wishing with their fingers crossed

1:03.4

that they would get some sort of hint from all this Fed speak that they would give a little wink

1:10.2

that maybe they would slow the pace down

...

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