WEBVTT - Single Best Idea with Tom Keene: Anna Wong & Constance Hunter

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Single best idea?

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<v Speaker 3>What is it?

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<v Speaker 2>Well, it's four five six minutes. It's short because you're

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<v Speaker 2>listening to twenty thirty odd lots. I mean Joe Wisenthal

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<v Speaker 2>and Tracy Alloway. They go out to forty minute podcasts.

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<v Speaker 2>Something short and sweet. Two smart ideas for the day.

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<v Speaker 2>How about anawog of Bloomberg Economics. She has been spectacular

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<v Speaker 2>for eighteen months educating America about our odd labor economy.

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<v Speaker 2>There is the jobs report, and then on September nine,

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<v Speaker 2>a big annual revision, anawong on a big negative number.

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<v Speaker 4>I actually think that if the range is negative three

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<v Speaker 4>hundred and fifty k, or even on the negative four

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<v Speaker 4>hundred k, is actually smaller downward revisions than last year.

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<v Speaker 4>Recall that Tom last year we saw negative eight hundred

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<v Speaker 4>thousand downward revisions from BLS. So actually I think that

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<v Speaker 4>this would possibly move us toward.

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<v Speaker 3>Less than twenty five BIPs cut. Because Chris Waller also

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<v Speaker 3>in his recent speech, he flgged sixty thousand revisions per month,

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<v Speaker 3>so that about for the whole year, that's roughly is

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<v Speaker 3>about seven hundred thousand downward revisions. So you know, again

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<v Speaker 3>in the if the preliminary benchmark visions is larger than

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<v Speaker 3>negative five hundred thousand, I think that means that Waller

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<v Speaker 3>will have to revise down that smaller downward revision.

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<v Speaker 2>Huge radio head for Bloomberg analog of Chicago. There were

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<v Speaker 2>just spectacular economics. And of course her past employment with

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<v Speaker 2>BLS and Labor in Washington. Constance Hunter at International look

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<v Speaker 2>always some Constance Hunter. She's with the Economists Intelligence Unit

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<v Speaker 2>Macro Policy Advisors as well. Constance Hunter on this most

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<v Speaker 2>interesting September I mean.

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<v Speaker 5>We should cut to Empowell some slack, because he is

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<v Speaker 5>doing a very tremendously difficult job under very difficult servances circumstances,

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<v Speaker 5>and he is doing it exceptionally well. He is safeguarding

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<v Speaker 5>that dual mandate and keeping inflation expectations anchored while also

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<v Speaker 5>being sensitive to the fact that the underbelody of the

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<v Speaker 5>economy is slowing despite extraordinary resilience.

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<v Speaker 2>Constance Hunter is setting up the path to September seventeenth.

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<v Speaker 2>I really can't say enough about the quiet maybe of

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<v Speaker 2>the end of the summer, and now already with some

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<v Speaker 2>of this week's economic data ADP and with claims and

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<v Speaker 2>then onto the Jobs report tomorrow it's going to be

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<v Speaker 2>most exciting, and economics and how that rolls over into finance, investment,

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<v Speaker 2>and international relations. It's a podcast on Apple and Spotify.

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<v Speaker 2>On YouTube podcasts, It's single best idea.