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Bloomberg Surveillance

Single Best Idea with Tom Keene: Julia Pollak & Claudia Sahm

Bloomberg Surveillance

Bloomberg

Investing, Business News, News, Business

3.81.2K Ratings

🗓️ 5 April 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Julia Pollak and Claudia Sahm

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Get your is an original podcast from Charles Schwab.

0:13.0

Listen today at Schwab.com slash market update

0:16.4

podcast or wherever you get your podcasts.

0:19.6

Bloomberg Audio Studios.

0:24.0

Podcasts, Radio News.

0:27.0

Single best idea into a jobs report. This was the adverb jobs report and that it came out and I saw market economists just simply staring at a boom American labor economy.

0:47.5

There's no other way to put it. I don't have the data in front of me, but in the 2030-40 market economist reports we get from say 840 out to 9 o'clock maybe 9-10

0:58.2

It was extraordinary to see astonishing the headline from Bloomberg a roaring roar the economy's

1:05.5

roaring the labor economy is roaring and yet so much of the pushback I got and

1:10.5

particularly out on live chat on YouTube, search Bloomberg Podcasts,

1:14.0

live chat people are saying, maybe not.

1:17.0

Leading the way Torsten Sloc at Apollo this morning,

1:20.0

showing a difference in labor growth of foreign employees versus native

1:26.1

employees and just plain and simple it's a stark contrast my answer is to speak to different people and yes there's market

1:34.9

economists and Wall Street economists and all that. And then if you go to

1:38.8

somebody like zip a recruiter and they're doing it differently they're looking incredibly granular digital

1:45.8

trends and Julia Pollack's there she's legit economist at zip recruiter and she

1:51.9

summarized a report saying it was more than constructive.

1:55.8

Let's listen.

1:56.8

I think the Fed Reserve will be pretty happy to see this data.

1:59.8

I mean, their dual mandate after all is to keep the labor market strong and prices under

2:05.6

control and this report seems to say we can do both we can walk and shoe gum we

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