1 00:00:02,560 --> 00:00:18,600 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:14,120 --> 00:00:15,120 Speaker 2: Single best idea? 3 00:00:15,200 --> 00:00:15,680 Speaker 3: What is it? 4 00:00:15,680 --> 00:00:18,800 Speaker 2: Well, it's four five six minutes. It's short because you're 5 00:00:18,800 --> 00:00:23,440 Speaker 2: listening to twenty thirty odd lots. I mean Joe Wisenthal 6 00:00:23,440 --> 00:00:26,520 Speaker 2: and Tracy Alloway. They go out to forty minute podcasts. 7 00:00:26,560 --> 00:00:29,680 Speaker 2: Something short and sweet. Two smart ideas for the day. 8 00:00:30,080 --> 00:00:35,040 Speaker 2: How about anawog of Bloomberg Economics. She has been spectacular 9 00:00:35,080 --> 00:00:40,120 Speaker 2: for eighteen months educating America about our odd labor economy. 10 00:00:40,440 --> 00:00:43,720 Speaker 2: There is the jobs report, and then on September nine, 11 00:00:43,800 --> 00:00:47,680 Speaker 2: a big annual revision, anawong on a big negative number. 12 00:00:48,040 --> 00:00:51,479 Speaker 4: I actually think that if the range is negative three 13 00:00:51,600 --> 00:00:54,959 Speaker 4: hundred and fifty k, or even on the negative four 14 00:00:55,080 --> 00:00:59,840 Speaker 4: hundred k, is actually smaller downward revisions than last year. 15 00:01:00,160 --> 00:01:04,480 Speaker 4: Recall that Tom last year we saw negative eight hundred 16 00:01:04,600 --> 00:01:09,119 Speaker 4: thousand downward revisions from BLS. So actually I think that 17 00:01:09,200 --> 00:01:12,640 Speaker 4: this would possibly move us toward. 18 00:01:13,160 --> 00:01:17,679 Speaker 3: Less than twenty five BIPs cut. Because Chris Waller also 19 00:01:17,959 --> 00:01:24,440 Speaker 3: in his recent speech, he flgged sixty thousand revisions per month, 20 00:01:24,760 --> 00:01:28,399 Speaker 3: so that about for the whole year, that's roughly is 21 00:01:28,440 --> 00:01:32,639 Speaker 3: about seven hundred thousand downward revisions. So you know, again 22 00:01:32,880 --> 00:01:37,480 Speaker 3: in the if the preliminary benchmark visions is larger than 23 00:01:38,120 --> 00:01:41,880 Speaker 3: negative five hundred thousand, I think that means that Waller 24 00:01:42,000 --> 00:01:46,280 Speaker 3: will have to revise down that smaller downward revision. 25 00:01:46,520 --> 00:01:50,240 Speaker 2: Huge radio head for Bloomberg analog of Chicago. There were 26 00:01:50,360 --> 00:01:53,560 Speaker 2: just spectacular economics. And of course her past employment with 27 00:01:54,360 --> 00:02:00,280 Speaker 2: BLS and Labor in Washington. Constance Hunter at International look 28 00:02:00,400 --> 00:02:04,120 Speaker 2: always some Constance Hunter. She's with the Economists Intelligence Unit 29 00:02:04,240 --> 00:02:08,960 Speaker 2: Macro Policy Advisors as well. Constance Hunter on this most 30 00:02:09,120 --> 00:02:11,040 Speaker 2: interesting September I mean. 31 00:02:10,960 --> 00:02:13,920 Speaker 5: We should cut to Empowell some slack, because he is 32 00:02:14,000 --> 00:02:20,200 Speaker 5: doing a very tremendously difficult job under very difficult servances circumstances, 33 00:02:20,400 --> 00:02:23,040 Speaker 5: and he is doing it exceptionally well. He is safeguarding 34 00:02:23,120 --> 00:02:28,720 Speaker 5: that dual mandate and keeping inflation expectations anchored while also 35 00:02:28,760 --> 00:02:32,040 Speaker 5: being sensitive to the fact that the underbelody of the 36 00:02:32,040 --> 00:02:34,960 Speaker 5: economy is slowing despite extraordinary resilience. 37 00:02:35,080 --> 00:02:39,720 Speaker 2: Constance Hunter is setting up the path to September seventeenth. 38 00:02:39,800 --> 00:02:43,519 Speaker 2: I really can't say enough about the quiet maybe of 39 00:02:43,600 --> 00:02:46,840 Speaker 2: the end of the summer, and now already with some 40 00:02:46,880 --> 00:02:50,640 Speaker 2: of this week's economic data ADP and with claims and 41 00:02:50,639 --> 00:02:52,840 Speaker 2: then onto the Jobs report tomorrow it's going to be 42 00:02:52,960 --> 00:02:58,040 Speaker 2: most exciting, and economics and how that rolls over into finance, investment, 43 00:02:58,440 --> 00:03:03,120 Speaker 2: and international relations. It's a podcast on Apple and Spotify. 44 00:03:03,800 --> 00:03:12,120 Speaker 2: On YouTube podcasts, It's single best idea.