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The Pour Over: Politically Neutral, Christ-First News

Strong Jobs Report, SCOTUS Disclosures, a Cricket Upset, & More | 06.10.24

The Pour Over: Politically Neutral, Christ-First News

The Pour Over

Christianity, Daily News, News, Religion & Spirituality

4.9 • 4.6K Ratings

🗓️ 10 June 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today we’re talking about May’s strong job growth, Supreme Court Justices’ financial disclosures, a roundup of major sports headlines, and other top news for Monday, June 10th. Stay informed while remaining focused on Christ with The Pour Over Today. Please support our TPO sponsors! Cru: give.cru.org/tpo Compassion International: compassion.com/TPO Men's Daily Bible: https://links.thepourover.org/MensDailyBiblePod Upside: https://links.thepourover.org/Upside Every Woman's Bible: everywomansbible.com

Transcript

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0:00.0

Today we're talking about May's strong job growth, Supreme Court Justice's financial

0:07.0

disclosures, a roundup of major sports headlines, and other top news for Monday, June

0:12.1

10th.

0:13.0

Stay informed while remaining focus on Christ but the power over today.

0:17.0

Here's the verse of the day.

0:19.0

He has saved us and called us to a holy life,

0:22.0

not because of anything we have done, but because of his own purpose

0:25.5

and grace. This grace was given us in Christ Jesus before the beginning of time.

0:31.9

2 Timothy 1-9. the beginning of time. Second Timothy one nine. Let's get started with some

0:36.2

espresso shots. Employers just keep on hiring. U.S. employers added 272,000 new jobs in May,

0:47.0

far exceeding the expectations of people who enjoy trying to predict these things a few days early,

0:52.0

aka economists.

0:54.6

Most of the added jobs were in health care,

0:57.0

68,000, government 43,000, and leisureity, 4,000.

1:03.0

Average hourly pay rose 0.4% month over month and 4.1% year over year.

1:10.0

Unfortunately, new jobs and wages weren't the only thing that was up.

1:14.0

Unemployment rose from 3.9% to 4%, ending its historic 27-month streak under 4%.

1:21.3

News of the unexpectedly strong job and wage growth

1:24.0

dampened hopes of the Federal Reserve cutting interest rates this summer.

1:28.0

Most investors still expect one, maybe two, rate cuts,

1:32.0

which would bring down the cost of mortgages, car loans, and

1:35.2

other debt this year.

...

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