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Rebel Capitalist News

News: Jobs Report Shocks Wall Street (What Will Fed Do Now?)

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 7 February 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitalists hope you're well so the jobs numbers just came out this morning and blew away expectations.

0:10.0

Let's get right into this story from CB,

0:12.6

C NBC and check it out headline.

0:16.9

Nope, no, I'll shoot, I didn't mean to show you that one.

0:19.4

That's the next story.

0:21.4

That's the wam Wam Waw story.

0:24.0

So we'll start with the Woo-Woh story.

0:27.0

Job's report shows increase of 517,000 in January, crushing estimates as unemployment rate hit 53 year low.

0:40.2

You have to go all the way back to 1969 and like the title of the video said I want to go through these two articles and then ask the question

0:49.7

What does the Fed do now? Are they going to pause in light of this new information? Are they going to quote

0:56.5

unquote pivot in 2023? Or does this mean they'll take rates higher and higher and higher and go up to who knows 5.25 5.5%

1:07.2

we've got to think through these possibilities so anyway let's get back to this article

1:11.6

key talking points.

1:13.5

January jobs showed non-farm payroll increased by 517 far higher than the

1:20.1

187,000. the one hundred and eighty seven thousand one hundred eighty seven thousand market estimate

1:26.7

and that is an incredible number they estimated a hundred and eighty seven000 and they got 517.

1:35.8

Makes you wonder who are these people

1:37.4

that are doing the estimations.

1:40.0

Or if they're kind of maybe cooking the books there on the jobs numbers.

1:44.8

I think there's some things that would suggest that could be happening.

1:48.9

I'm not implying that it is.

1:50.6

But when you look at the headline number compared to the household survey, it's it is a little

...

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