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The John Batchelor Show

#SmallBusinessAmerica: Slow Down arrives agai. n @GeneMarks @Guardian @PhillyInquirer

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 4 November 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary


#SmallBusinessAmerica: Slow Down arrives agai. n @GeneMarks @Guardian @PhillyInquirer
https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/october/

1900 SF

Transcript

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0:00.0

This is a CVS. I am the world. I'm John Bachelor.

0:08.0

SHAR. U.S. hiring slowdown signals cooling economy ahead.

0:13.6

Wall Street Journal headline, brilliant headline, every word matters.

0:17.6

Subhead, jobs report shows employers added fewest jobs since June while the unemployment rate

0:22.4

rose. There were also revisions down in the

0:25.1

last two months of job hiring. I welcome Jean Marks. He's a small business

0:30.1

columnist for the Guardian newspaper UK and US Edition, as well as the hometown newspaper of

0:35.2

Philadelphia Inquire.

0:37.0

Jean and I thank the Phillies for another great season and look forward to next year. Gene, the slowdown is welcome by those who have been watching

0:47.0

for signals that the Federal Reserve's hikes

0:50.0

since the spring of 22

0:52.0

are finally challenging the inflation that we're all feeling and succeeding.

0:58.6

The idea was not to force a recession but to come close soft landing and cool the inflation

1:06.4

numbers and allow the Federal Reserve to moderate the interest rates they

1:11.0

15-year or 22-year whatever high of interest rates, they 15 year or 22 year, whatever, high of interest rates.

1:15.0

In general, observing your small business customers and the dialogues you have with small business,

1:21.0

is it working? Are they slowing down or the

1:24.0

orders thinner are they laying people off jean could even if you well nobody's

1:28.8

really laying people off among my small business clients john it is It is a, you know, I'm seeing more with my clients

1:36.0

a general tapering off of orders and activity.

1:39.8

And I don't see them with the big demand, the big motivation too higher.

1:45.1

I mean, it was really a year or two years ago where everywhere I went, I would talk to my clients

...

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