From Bloomberg Markets and Finance.
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." The July jobs report came in much weaker than expected, but the downward revisions to June came in as an even greater shock. These slower job growth numbers are boosting bets for the Fed to cut rates. Cleveland Fed President Beth Hammack tells Open Interest that she thinks the labor market is overall healthy and she is confident in the Fed’s rate decision this week, meanwhile BlackRock’s Rick Rieder says he expects a rate cut in September. Greg Ebel, President & CEO of Enbridge, joins Open Interest to discuss booming demands in the energy industry.
Chapters:
00:00:05 – Open Interest Starts
00:02:32 – July Jobs Results, June Revisions
00:12:36 – Slower Job Growth Boosts Fed Rate-Cut Bets | Beth Hammack, Cleveland Fed President
00:23:39 – Fed Should Have Cut Rates, Says Rieder | Rick Rieder, BlackRock Chief Investment Officer of Global Fixed Income
00:31:33 – Labor Market Still Net Positive, Says Chavez-DeRemer | Lori Chavez-Deremer, US Labor Secretary
00:55:53 – Labor Market Losing Steam, Says Bostjancic | Kathy Bostjancic, Nationwide Mutual Insurance Chief Economist
01:03:33 – HIGH INTEREST
01:04:41 – Amazon Profit Outlook
01:07:13 – Apple Earnings Beat Estimates | Craig Moffett, MoffettNathanson Founding Partner And Senior Research Analyst
01:13:24 – Strong Demand in Energy | Greg Ebel, Enbridge CEO
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