Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea?
Speaker 3: What is it?
Speaker 2: Well, it's four five six minutes. It's short because you're
Speaker 2: listening to twenty thirty odd lots. I mean Joe Wisenthal
Speaker 2: and Tracy Alloway. They go out to forty minute podcasts.
Speaker 2: Something short and sweet. Two smart ideas for the day.
Speaker 2: How about anawog of Bloomberg Economics. She has been spectacular
Speaker 2: for eighteen months educating America about our odd labor economy.
Speaker 2: There is the jobs report, and then on September nine,
Speaker 2: a big annual revision, anawong on a big negative number.
Speaker 4: I actually think that if the range is negative three
Speaker 4: hundred and fifty k, or even on the negative four
Speaker 4: hundred k, is actually smaller downward revisions than last year.
Speaker 4: Recall that Tom last year we saw negative eight hundred
Speaker 4: thousand downward revisions from BLS. So actually I think that
Speaker 4: this would possibly move us toward.
Speaker 3: Less than twenty five BIPs cut. Because Chris Waller also
Speaker 3: in his recent speech, he flgged sixty thousand revisions per month,
Speaker 3: so that about for the whole year, that's roughly is
Speaker 3: about seven hundred thousand downward revisions. So you know, again
Speaker 3: in the if the preliminary benchmark visions is larger than
Speaker 3: negative five hundred thousand, I think that means that Waller
Speaker 3: will have to revise down that smaller downward revision.
Speaker 2: Huge radio head for Bloomberg analog of Chicago. There were
Speaker 2: just spectacular economics. And of course her past employment with
Speaker 2: BLS and Labor in Washington. Constance Hunter at International look
Speaker 2: always some Constance Hunter. She's with the Economists Intelligence Unit
Speaker 2: Macro Policy Advisors as well. Constance Hunter on this most
Speaker 2: interesting September I mean.
Speaker 5: We should cut to Empowell some slack, because he is
Speaker 5: doing a very tremendously difficult job under very difficult servances circumstances,
Speaker 5: and he is doing it exceptionally well. He is safeguarding
Speaker 5: that dual mandate and keeping inflation expectations anchored while also
Speaker 5: being sensitive to the fact that the underbelody of the
Speaker 5: economy is slowing despite extraordinary resilience.
Speaker 2: Constance Hunter is setting up the path to September seventeenth.
Speaker 2: I really can't say enough about the quiet maybe of
Speaker 2: the end of the summer, and now already with some
Speaker 2: of this week's economic data ADP and with claims and
Speaker 2: then onto the Jobs report tomorrow it's going to be
Speaker 2: most exciting, and economics and how that rolls over into finance, investment,
Speaker 2: and international relations. It's a podcast on Apple and Spotify.
Speaker 2: On YouTube podcasts, It's single best idea.