Reaction to the May Jobs Report
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 5 June 2026
⏱️ 38 minutes
🧾️ Download transcript
Summary
The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyFriday, June 5, 2026
Featuring:
1) Claudia Sahm, Chief Economist at New Century Advisors, Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research, and Kristina Campmany, Senior Portfolio Manager at Invesco, react to the May jobs report.
2) Frances Donald, Chief Economist at RBC, on jobs, inflation, and the two-tiered US economy.
3) David Sowerby, Managing Director and Portfolio Manager at Ancora, brings us into the market open and discusses his market call and stocks he likes.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:47.6 | Podcasts, Radio News. |
| 0:57.6 | This is the Bloomberg Surveillance Podcast. |
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| 1:11.9 | John's day, folks, we'll be getting our coverage here. We are thrilled to bring you, Claudia Somm, |
| 1:13.7 | chief economist, New Century Advisors, |
| 1:16.4 | as we go into the report, it's a jump condition, |
| 1:19.1 | five basis points, 452 on the 10 year, |
| 1:23.3 | 5.01 on a 30-year bond. |
| 1:26.6 | Based to what Priya Misra said, you know, X number of minutes ago, |
| 1:30.2 | like you're one-third of the way to her tension. |
| 1:32.7 | Exactly. |
| 1:33.7 | And on the short end, Tom, which is kind of reflects where maybe the Fed's thinking about, |
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