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Can we rely on government statistics to help guide our investment decisions? Confluence Associate Market Strategist and Certified Business Economist Thomas Wash joins the podcast to discuss the recent revisions to Bureau of Labor Statistics data that raised doubts about the economy and prompted the president to fire a top official.
Today's West Coast Cookbook & Speakeasy Podcast for our especially special Daily Special, Blue Moon Spirits Fridays, is now available on the Spreaker Player!Starting off in the Bistro Cafe, Trump hated the Jobs Report so much, wait until he finds out about the Producer Price Index. Who's left to fire?Then, on the rest of the menu, a federal judge struck down Trump administration orders against DEI programs at the nation's schools and colleges; a federal judge ordered RFK, Jr to stop giving deportation officials access to the personal information, including home addresses, of all seventy-nine million Medicaid enrollees; and, a federal judge struck down key parts of the Florida law that led to the removal of books from school libraries.After the break, we move to the Chef's Table where Turkish authorities detained the mayor of a key Istanbul district along with over forty other officials; and, a senior lawyer in Australia apologized to the Victoria State Supreme Court for AI-generated errors in a murder case.All that and more, on West Coast Cookbook & Speakeasy with Chef de Cuisine Justice Putnam.Bon Appétit!The Netroots Radio Live PlayerKeep Your Resistance Radio Beaming 24/7/365!“Structural linguistics is a bitterly divided and unhappy profession, and a large number of its practitioners spend many nights drowning their sorrows in Ouisghian Zodahs.” ― Douglas Adams "The Restaurant at the End of the Universe"Become a supporter of this podcast: https://www.spreaker.com/podcast/west-coast-cookbook-speakeasy--2802999/support.
U.S. Treasury bonds, dividend-paying stocks, defensive sector ETFs, gold, and real estate can help investors preserve stability and generate steady returns during economic downturns. Today's Stocks & Topics: GILD - Gilead Sciences Inc., Market Wrap, Top Recession-Proof Investments to Protect and Grow Your Portfolio, JOBY - Joby Aviation Inc., CS.TO - Capstone Copper, Jobs Report, Compound Frequency, COPX - Global X Copper Miners ETF, US and China Economies.Our Sponsors:* Check out Avocado Green Mattress: https://www.avocadogreenmattress.com* Check out Ka'Chava and use my code INVEST for a great deal: https://www.kachava.com* Check out Mint Mobile: https://mintmobile.com/INVESTTALK* Check out Upwork: https://upwork.comAdvertising Inquiries: https://redcircle.com/brands
In this episode, labor market economist Guy Berger breaks down how jobs data is collected, why revisions happen, and how to interpret them in context. He explains the roles of NFP, claims, and JOLTS data, the impact of immigration shifts on labor supply, and how business surveys can signal future hiring trends. Berger also digs into why the current conditions show stability with potential for both cooling and tightening ahead. Enjoy! __ Follow Guy: https://x.com/EconBerger Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance __ Join us at Digital Asset Summit in London October 13-15. Use code FORWARD100 for £100 OFF https://blockworks.co/event/digital-asset-summit-2025-london __ This Forward Guidance episode is brought to you by VanEck. Learn more about the VanEck Semiconductor ETF (SMH): http://vaneck.com/SMHFelix Learn more about the VanEck Fabless Semiconductor ETF (SMHX): vaneck.com/SMHXFelix — Timestamps: (0:00) Introduction (3:01) How Does BLS Gather Data? (6:27) Why Do We Have Revisions? (15:33) VanEck Ad (16:18) How to Think About the Data (20:42) Immigration Impact (29:10) VanEck Ad (29:50) Weekly Claims Data (40:08) JOLTS Data (45:54) The Beveridge Curve (53:49) Where is the Labor Market NOW? (56:20) Final Thoughts __ Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance
Economist Christian Briggs weighs in on the growing controversy over America's monthly jobs report after significant downward revisions shook confidence in the data. Drawing parallels to corporate reporting standards, Briggs argues that economic indicators must meet the same accuracy expectations as public companies, especially when Federal Reserve policy hangs in the balance. He discusses the case for moving to a bi-monthly release cycle, upgrading outdated government data systems, and applying modern analytics to better capture the fluid reality of employment trends. The takeaway: without trustworthy numbers, policymakers, businesses, and investors are flying blind.
We start with a meeting between Trump administration and DC officials about the federal takeover of policing. We have new information on a deadly shooting at CDC headquarters. New comments from Trump's pick to lead the Bureau of Labor Statistics suggest changes he could potentially make. An ousted presidential couple is in legal hot water. Plus, why Elon Musk is threatening to sue Apple. Learn more about your ad choices. Visit podcastchoices.com/adchoices
We saw a massive reaction and even a firing after the most recent non-farm payroll jobs release. Let's dig into what these numbers actually are, how they are measured/collected & find out the truth about whether or not President Donald Trump was correct in assuming there was funny business going on. Support the show by giving it a "Follow"Your Trading Coach - Akil
A surprising July jobs report triggered major market shifts — including the biggest jobs revision since 2009, leading to a sharp drop in mortgage rates to their lowest level of 2025. In this video, we break down: * What the unexpected jobs data really means * How mortgage rates reacted (and what to expect next) * Why 6% rates are the key to unlocking buyer demand * What buyers and sellers should do right now * Expert insights from Logan Mohtashami (aka the Chart Daddy) of HousingWire If you're waiting for the "perfect time" to buy or sell, this market update might change your perspective.
Thanks to its role in global finance and continued trust among central banks, experts agree the dollar remains firmly resilient as the world's primary reserve currency. Today's Stocks & Topics: CMG - Chipotle Mexican Grill, Market Wrap, ABBV - Abbvie Inc., LECO - Lincoln Electric Holdings Inc., Is the U.S. Dollar Really on the Brink of Collapse?, Strategy for a Potential Recession, APP - Applovin Corp., Jobs Report, US Consumers Are Eating Out Less.Our Sponsors:* Check out Ka'Chava and use my code INVEST for a great deal: https://www.kachava.com* Check out Mint Mobile: https://mintmobile.com/INVESTTALK* Check out Progressive: https://www.progressive.com* Check out Upwork: https://upwork.comAdvertising Inquiries: https://redcircle.com/brands
With the Fed's latest decision to hold rates, one thing became clear- tariffs are already affecting the real estate market.This week on Not Your Average Insights, JWB Co-Founder Gregg Cohen and host Pablo Gonzalez break down the role tariffs play in the Fed's decision, and other headlines to consider.We'll talk about:• Why the Fed's pause on rate hikes is tied to tariffs• What Florida's governor is proposing that has everyone looking at Florida real estate• Where the “10 Slowest Housing Markets” were reported to be, and which ones we agree with• and more!Listen NOW!Chapters:00:00 Introduction to Not Your Average Insights01:24 Welcome Back to the Show04:13 Discussion on Fed's Interest Rate Decision06:05 Impact of Tariffs on Housing Market13:05 Jobs Report and Fed's Future Decisions19:34 Ron DeSantis' Proposal to Eliminate Property Taxes25:06 Debating Property Tax Elimination25:44 Governor's Perspective on Government Spending26:19 Impact of Sales Tax on Different Income Groups26:54 Feasibility of Sales Tax Increase28:57 Potential Property Tax Rebate29:14 Revisions to Government Job Numbers32:52 Interest Rates and Mortgage Market36:59 JWB Cares Fundraising Update38:25 Analyzing Housing Market Data42:54 Long-Term Investment Strategies49:40 Conclusion and Upcoming EventsStay connected to us! Join our real estate investor community LIVE: https://jwbrealestatecapital.com/nyai/Schedule a Turnkey strategy call: https://jwbrealestatecapital.com/turnkey/ *Get social with us:*Subscribe to our channel @notyouraverageinvestor Subscribe to @JWBRealEstateCompanies
On this episode of The Horizon, John discusses the August 1st jobs report, highlighting major downward revisions that reveal a sharp decline in job creation since April. He analyzes related economic indicators like labor force participation, ISM indices, and inflation trends, all pointing to growing recession risks. John also explores the tension the Federal Reserve faces between rising inflation and weakening employment, casting doubt on the likelihood of rate cuts despite market expectations. Wrapping up, he shares how these economic dynamics could affect commercial real estate—especially apartments, retail, and industrial—over the next 12 months and beyond. Learn more about your ad choices. Visit megaphone.fm/adchoices
Michael Reinking, Senior Market Strategist for the NYSE, details the latest trends and developments in global markets. He highlights the response to a weaker-than-expected jobs report, markets showing some fatigue and pressure building on the Federal Reserve more than a month before September's FOMC meeting.
In this week's episode of Band of Traders, Kyle, Bear and Shopkeeper Dan dive into the latest macro-economic events with their signature blend of cynicism and humor. The trio discusses Fed Governor Adriana Kugler's sudden resignation, speculating on its implications for Trump's influence over Federal Reserve policy. They unpack the BLS commissioner's firing over a weak jobs report, critiquing the political spin behind economic data and its market impact. Kyle shares a humorous mix-up over Panama's lawsuit involving Cosco (not Costco), highlighting geopolitical tensions over the Panama Canal. Bear reflects on disciplined trading, avoiding FOMC volatility, while Daniel offers witty takes on corporate overreach. The episode wraps with a hilarious review of the new Naked Gun movie, starring Liam Neeson and Pamela Anderson. Packed with sharp market analysis and laugh-out-loud banter, this episode is a must-listen for traders navigating today's complex markets.Subscribe, share, and join the trading conversations on Facebook, Twitter, LinkedIn and Discord!Sponsors and FriendsOur podcast is sponsored by Sue Maki at Fairway Independent Mortgage (MLS# 206048). Licensed in 38 states, if you need anything mortgage-related, reach out to her at SMaki@fairwaymc.com or give her a call at (520) 977-7904. Tell her 2 Bulls sent you to get the best rates available!If you are interested in signing up with TRADEPRO Academy, you can use our affiliate link here. We receive compensation for any purchases made when using this link, so it's a great way to support the show and learn at the same time! **Use code CHINASHOP15 to save 15%**Visit Airsoftmaster.com to support one of our own!To contact us, you can email us directly at bandoftraderspodcast@gmail.com Check out our directory for other amazing interviews we've done in the past!If you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!Bear:Bear made the transition from investing to trading at the beginning of COVID. After initial success with options, he quickly learned that his luck was greater than his skill and shifted his focus to futures. Bear has fully embraced the role of emotions and mental capital with the mindset that trading futures is purely an internal struggle that rewards patience, calm, bravery, focus, passion, and commitment. Beyond markets Bear finds joy in his community as a volunteer firefighter and EMT.Follow Bear on TwitterDan:Dan co-founded 2 Bulls in a China Shop with Kyle when their shared passion for active trading ignited during the lockdowns. Their daily discussions about trades, interests, and the valuable lessons learned created the bedrock for what eventually evolved into both the 2 Bulls in a China Shop and Band of Traders podcasts.While navigating the complexities of trading, Dan infused humor into the shows with his self-deprecating wit and candid discussions about their trading experiences. This dynamic duo's chemistry became the catalyst for a podcast that resonated widely, capturing the attention of a diverse audience.Service Unscripted WebsiteAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
On Deadline is a deep dive into a single topic from Audacy's newsrooms across the country. Today, we're talking about money, and why everything from electricity to steaks on the grill cost so much. Plus, get the latest on AI pricing and how it affects you. On Deadline is written and produced by Christy Strawser and Lauren Barry.
On Deadline is a deep dive into a single topic from Audacy's newsrooms across the country. Today, we're talking about money, and why everything from electricity to steaks on the grill cost so much. Plus, get the latest on AI pricing and how it affects you. On Deadline is written and produced by Christy Strawser and Lauren Barry.
The controversy and debate over last week's negative jobs report has gone on and on. Charles says if you look closer, the efforts to secure our borders have already paid dividends for working Americans. Charles is joined by FOX News' Harris Faulkner to discuss her conversation with Border Czar Tom Homan about the financial and municipal strain illegal migrants put on the country. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Why do revisions to the jobs report happen? Today on the show, we speak with a former Commissioner of the Bureau of Labor Statistics about why revisions occur and how we should interpret the monthly report's actual message. Related episodes:Can we still trust the monthly jobs report? (Update)What really goes on at the Bureau of Labor Statistics (Update)How you're using AI at workFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Ryan and Emily discuss new Epstein house pics revealed, former Epstein jail inmate exposes falsified report, Trump panics over jobs report, Trump greenlights Gaza conquest, Republicans turn on Israel, Speaker goes full apocalypse in West Bank visit, Miss USA restraining order on GOP rep, Randy Fine opponent speaks out on Israel. Marty Gottesfeld: https://martyg.substack.com/ Aaron Baker: https://aaron4fl6.com/ To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.comMerch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.
8.4.2025 #RolandMartinUnfiltered: Abbott Threatens to Prosecute Absent Dems, Jay Jones’ AG Run, Jobs Report Fallout & Gut Health Tips Texas Governor Greg Abbott is threatening to track down and prosecute Democratic lawmakers who left the state to block a Republican redistricting vote. We've got Texas State Representative Charlene Johnson and Cliff Albright, co-founder of Black Voters Matter, breaking down what this political standoff means for democracy in Texas. Fresh off his win in the Democratic primary for Virginia Attorney General, Jay Jones is taking on Republican incumbent Jason Miyares this November. He joins us tonight to talk strategy, civil rights, and the road to victory. After a brutal jobs report that led to the firing of the Bureau of Labor Statistics chief, Morgan Harper is here to break down what it means for the economy and working families. Then on Fit, Live, Win... Dr. Aja McCutchen joins us to explain why gut health is the foundation of your overall well-being. She's got the science and the steps to help you thrive from the inside out. #BlackStarNetwork partner: Fanbasehttps://www.startengine.com/offering/fanbase This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. You should read the Offering Circular (https://bit.ly/3VDPKjs (https://bit.ly/3ZQzHl0) related to this offering before investing. Download the Black Star Network app at http://www.blackstarnetwork.com! We're on iOS, AppleTV, Android, AndroidTV, Roku, FireTV, XBox and SamsungTV. The #BlackStarNetwork is a news reporting platform covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.See omnystudio.com/listener for privacy information.
The fallout from President Donald Trump's decision last week to fire the head of the Bureau of Labor Statistics over what he called a ‘rigged' jobs report continued Monday, as White House officials rushed to defend his actions. Amid growing bipartisan outcry, National Economic Council Director Kevin Hassett put the blame on a familiar culprit in the Trump Cinematic Universe: The Deep State. He told CNBC, “All over the U.S. government, there have been people who have been resisting Trump everywhere they can.” Trump is expected to announce his new pick to run the BLS this week, but already he's made that person's job – and the bureau's job – harder by making Americans even less likely to trust their data. Heidi Shierholz, who served as the chief economist at the Department of Labor under President Barack Obama and now runs the nonpartisan labor think tank the Economic Policy Institute, joins us to talk about the BLS, the important data it compiles, and what the hell a revision is.And in headlines: Texas Republican Gov. Greg Abbott escalated the redistricting fight with state Democrats, Republican Rep. Nancy Mace announced her campaign for South Carolina governor, and the Trump administration has reportedly backtracked on the president's campaign promise to make health insurers cover IVF.Show notes:Call Congress – 202-224-3121Subscribe to the What A Day Newsletter – https://tinyurl.com/3kk4nyz8What A Day – YouTube – https://www.youtube.com/@whatadaypodcastFollow us on Instagram – https://www.instagram.com/crookedmedia/For a transcript of this episode, please visit crooked.com/whataday
Since his return to office, President Trump has waged something of a pressure campaign on economic data and the people in charge of delivering it. His firing of the Bureau of Labor Statistics commissioner following a weak jobs report now has some wondering: can we still trust the official numbers? Today on the show, we're resharing our conversation with former BLS commissioner, Erica Groshen on her current fears for the integrity of government data. The original version of this story aired March 7, 2025. Related: What really goes on at the Bureau of Labor Statistics? (Update) (Apple / Spotify) Would you trust an economist with your economy? (Apple / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Hi, In today's Even More News, Cody, Katy, and Jonathan discuss how Donald Trump fired the head of the Bureau of Labor Statistics for publishing accurate numbers. They also discuss the loss of the Corporation for Public Broadcasting and the victory lap some Republicans are taking, even though this will hurt their constituency. They also get into the latest with Trump and Epstein. Spoiler alert: he seems like the guiltiest man alive!PATREON: https://patreon.com/somemorenewsMERCH: https://shop.somemorenews.comYOUTUBE MEMBERSHIP: https://www.youtube.com/channel/UCvlj0IzjSnNoduQF0l3VGng/join#EvenMoreNews #DonaldTrump #JobReportSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today NLW unpacks a stunning escalation as President Trump fires the head of the Bureau of Labor Statistics after a weak jobs report. The move has shaken confidence in the independence of US economic institutions, with critics across the spectrum warning of authoritarian overreach. We look at what this means for the Fed, interest rate policy, and the future of economic data in America. From market reactions to historical comparisons with Venezuela and Argentina, this episode explores whether the blow up around this is TDS or if we've crossed a line that can't be uncrossed—and why some are calling Bitcoin the new insurance policy. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW
Krystal and Saagar discuss Trump fires head of stats after jobs report, AI bubble props up economy, Ghislaine transferred to club fed, mystery third figure in Epstein tapes. Jasper Nathaniel: https://x.com/infinite__jaz To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.comMerch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.
President Trump fires the official who published a disappointing jobs report. Texas Democrats flee the state to stymie efforts to change congressional district maps. And a government agency investigates former Special Counsel Jack Smith. Learn more about your ad choices. Visit podcastchoices.com/adchoices
President Donald Trump on Friday ordered the firing of the head of the Bureau of Labor Statistics, hours after a stunning government report showed that hiring had slowed down significantly over the past three months.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Over the many years the [DS]/[CB] have pushed the people into giving up marriage and giving up on owning property, from the 50 to now homeownership has dropped to 12%. The BLS numbers were rigged for the D's and the [CB]. The parallel economy has now grown enough where Trump is going to return the wealth that was stolen. This is just he beginning. The D's/[DS] are in a panic, phase one of the hunt for the treason's criminals is now in full swing. The fake news is trying to cover the Russian Hoax but the people are not believing it. Trump knows he needs to get control over the rest of the gov and he needs to win the midterms. The hunt is on and the next phase is about to begin. It's not just one crime it's multiple treasonous crimes. Buckle up. Economy https://twitter.com/EndWokeness/status/1952088002324295853 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/KobeissiLetter/status/1952342752215101475 Padilla: Trump Is ‘Weaponizing' Bureau of Labor Statistics Sen. Alex Padilla (D-CA) said President Donald Trump's decision to fire Erika McEntarfer, the commissioner of labor statistics, was an attempt to weaponize the agency. Source: breitbart.com Trump Re-Rages At "RIGGED" Jobs Report Something is certainly 'off' with the measurements if there have been 25 significant downward revisions in the last 31 months... and every month since Trump was inaugurated... Source: zerohedge.com BLS had big problems with data manipulation, 2024 internal report shows Now writer Don Surber has discovered a doozy of a BLS internal report from 2024, reported by Bloomberg News, that the agency has been mismanaging data up the wazoo. According to Bloomberg: The US Bureau of Labor Statistics is “not sufficiently focused” on how it disseminates key economic data and a revamp of the agency's culture is required, according to a report commissioned after a series of botched releases. The Labor Department, which oversees the BLS, ordered the independent review to examine “procedures and practices for the equitable and timely provision of data to the public.” The findings of the 60-day external review were published Tuesday and included a number of recommendations to improve processes and communications. “We have already begun the work of turning the team's recommendations into a roadmap to recommit our agency to data security and equitable access to data,” BLS Commissioner Erika McEntarfer said on a call Tuesday. Well, she didn't. This corresponds pretty well to the problems President Trump cited on the day he gave her the boot: Note that he didn't object to the data itself, as Summers and his buddies claimed; he objected to the constant revisions of the data, big, unprecedented revisions, released at politically sensitive times, always good for the Democrats and always bad for the Republicans, pretty well nullifying the purpose of collecting data at all. She also said she'd have the problems under control -- and she didn't, so out she went. The Bloomberg report is more disturbing than just major revisions of data that Trump cited. Deep in the Bloomberg story, there are doings like this: The report was commissioned after several incidents arou...
In this edition of CELSIUS® ASTRO ZEIT™, Jack and special guest co-host Andrew Ti discuss their respective weekends, Sydney Sweeney getting dragged for being republican?, Trump vs. Economics, Trump vs. Charlamagne Tha God, High Noon's "CELSIUS® ASTRO VIBE™ Energy Drink Sparkling Blue Razz Edition with a silver top" recall and much more! WATCH: Coyotes on a Trampoline: Watch the Action! | TikTok Funny moment huge bear attempts to take a nap in a hammock | SWNSSee omnystudio.com/listener for privacy information.
Special bonus episode. The Bureau of Labor Statistics issues massive job revisions on Friday morning. The revisions wipe out nearly 90% of previously reported gains for May and June. This raises fundamental questions about how our most trusted economic data gets calculated. In this episode, we break down how the system works. We examine why the revisions are so large. We explore what this means for understanding the real economy. Friday arrives. The BLS delivers what appears routine: 73,000 new positions added in July. But the revisions tell a different story. May's initially reported 144,000 job gains become 19,000. June's seemingly solid 147,000 drops to just 14,000. These represent 87-90% overestimates. They fundamentally alter the economic picture for those months. The BLS surveys 560,000 businesses each month. They use payroll data from the 12th of the month. But only 60-73% of those businesses respond by the initial release deadline. The remaining portion gets filled through statistical modeling. The models rely on historical patterns. This approach typically produces revisions in the 20,000-50,000 range. But throughout 2025, average monthly revisions reach 66,000. That's triple the normal size. The statistical models aren't capturing current economic conditions effectively. The problem becomes clear when economic conditions shift rapidly. Historical patterns become unreliable guides. The 2024 annual revision was the largest since 2009. What happened in 2009? The Great Recession. Another period when traditional forecasting tools struggled with rapid change. ADP is a private payroll processor. They serve 460,000 companies. They provide useful comparison data. For May, their 37,000 private-sector job estimate aligns reasonably well with BLS's revised 19,000 total. For June, ADP reports a 33,000 job loss. BLS shows a 14,000 gain. ADP's independent data helps validate the revised numbers while highlighting the magnitude of the initial errors. These numbers drive real decisions. Federal Reserve officials use employment data for interest rate policy. Investors allocate capital based on these reports. Workers make career decisions based on perceived labor market strength. When the initial data misses by 90%, everyone operates with fundamentally flawed information. The revisions expose how fragile our economic measurement systems become when conditions change faster than models can adapt. Learn more about your ad choices. Visit podcastchoices.com/adchoices
This time Stephanie discusses Trump firing the head of the Bureau of Labor Statistics just hours after the release of a weak jobs report. Without evidence, Trump called the data "rigged" and implied that BLS Commissioner Erika McEntarfer manipulated the numbers "for political purposes". She also talks about the Palestinian death toll rising dramatically in Gaza due to starvation. Guests - E. Jean Carroll and Thom Hartman.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Episode 640: Neal and Toby discuss the jobs report that showed signs of a slowing labor market, and the firing of the commissioner of the Bureau of Labor Statistics. Then, Switzerland is feeling singled out with an oddly specific tariff rate. Also, NFL and ESPN ink a deal that sends the popular NFL Red Zone property to Disney. Meanwhile, a new study showed which jobs are most likely and least likely affected by AI. And AI researchers are getting offers that resemble star professional athletes. Finally, what you need to know in the week ahead. 00:00 - Seinfeld bobbleheads 3:30 - Bad jobs report card 9:00 - Switzerland gets swiped 12:35 - NFL dances with ESPN 17:15 - These jobs are safe from AI 20:00 - AI researchers paid like pro athletes 23:00 - Week Ahead LinkedIn will even give you a $100 credit on your next campaign so you can try it yourself. Go to LinkedIn.com/MBD Terms and conditions apply. Only on LinkedIn Ads. Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here: https://www.swap.fm/l/mbd-note Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices
Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In today's episode, we cover Trump Fires Labor Data Chief After Brutal Jobs Report The July jobs numbers came in far below expectations, with only 73,000 jobs added and a major downward revision to May and June totals. President Trump fired the head of the Bureau of Labor Statistics, claiming systemic issues and potential political bias. Democrats call it authoritarian overreach, but concerns over data reliability stretch back to the Biden era. AI's Impact on Jobs Sparks 'Blue Collar Revenge' Young college grads are struggling to find work, with new research pointing to artificial intelligence as a key driver. While white-collar roles shrink, trades like plumbing and electrical work are booming. Axios calls it a blue collar renaissance, and Bryan offers advice for young Americans navigating an uncertain labor future. Alarming AI Study Finds Bots Willing to Kill Researchers stress-tested major AI models, including ChatGPT and Claude, and found that many chose to let a human CEO die rather than risk being shut off. Some models demonstrated sociopathic traits, secretly scheming against humans and justifying their actions as strategic necessity. Bryan examines why AI is growing more dangerous with time, not less. Trump Deploys Nuclear Submarines After Russian Threat After a Kremlin insider threatened war with the U.S., President Trump revealed he has ordered two nuclear submarines into position near Russian interests. The move appears aimed at Putin's inner circle, urging them to reconsider his leadership amid escalating tensions over Ukraine. Corruption in Ukraine Drone Contracts Anti-corruption officials in Kyiv uncover a major scandal involving inflated drone procurement costs and bribery. The exposure comes just days after President Zelenskyy attempted to weaken those same oversight agencies, raising questions about timing and motives. Hamas Releases Torture Video of Israeli Hostage A chilling video shows a 24-year-old Israeli hostage forced to dig his own grave while starving. Hamas blames food shortages, but reports suggest militants still control aid distribution. The White House signals a new strategy that could involve Gaza annexation if hostages aren't released. Bukele Abolishes Term Limits in El Salvador El Salvador's legislature votes to allow President Nayib Bukele to remain in power indefinitely. Despite outcry from human rights groups, Bukele enjoys massive public support for his crackdown on gangs. Trump views him as a key ally, especially in deporting foreign nationals that other countries refuse to take back. Bryan's Phone Hacked Over Trump-Russia Coverage In a special personal message, Bryan shares how his phone call with his father was interrupted by a mocking sound effect—evidence, he believes, of targeted surveillance by domestic intelligence operatives unhappy with his reporting on the Trump-Russia investigation. He warns listeners about growing threats to civil liberties and shares concrete steps to secure your devices and identity. "And you shall know the truth, and the truth shall make you free." - John 8:32
Headlines: – Welcome to Mo News (02:00) – Trump Fires Labor Official, Claiming Weak Jobs Numbers Were ‘Rigged' (06:50) – Texas Democrats Leave State to Block G.O.P. From Redrawing Political Map (21:00) – Trump Moves Nuclear Subs Closer To Russia (26:20) – White House Backtracks On Campaign Pledge To Cover IVF Treatment (30:00) – Childhood Vaccination Rates Fall as School Exemptions Hit Record (32:40) – OpenAI Says It Will No Longer Allow ChatGPT Conversations to Appear In Google Searches (35:00) – American Eagle Stands By Its Controversial Sydney Sweeney Jeans Campaign (37:20) – On This Day In History (41:50) Thanks To Our Sponsors: – LMNT - Free Sample Pack with any LMNT drink mix purchase – Industrious - Coworking office. 50% off day pass | Code: MONEWS50 – Incogni - 60% off an annual plan| Promo Code: MONEWS – BetterHelp – 10% off your first month
On the Monday edition, Aaron McIntire covers the U.S. Office of Special Counsel's investigation into former special counsel Jack Smith for possible Hatch Act violations tied to his 2022 probes against Donald Trump. President Trump fires BLS Commissioner Erika McEntarfer after revised jobs data shows a slowdown, hinting at partisan manipulation. The Corporation for Public Broadcasting shuts down after losing funding, JD Vance jokes about probing UFOs, and a University of Iowa official admits to skirting DEI bans. A tragic church shooting in Seattle and Jared Allen's heartfelt NFL Hall of Fame speech round out the show. Jack Smith, Hatch Act, Donald Trump, Bureau of Labor Statistics, jobs report, illegal immigration, Corporation for Public Broadcasting, JD Vance, UFOs, University of Iowa, DEI, Seattle
On Friday, President Donald Trump fired the commissioner of labor statistics for the Bureau of Labor Statistics (BLS), Erika McEntarfer, after the agency released a lower-than-expected July jobs report and revised May's and June's numbers downwards. The BLS reported that nonfarm payrolls increased by 73,000 in July, below Dow Jones's estimated gain of 100,000 jobs.Tangle LIVE tickets are available!We're excited to announce that our third installment of Tangle Live will be held on October 24, 2025, at the Irvine Barclay Theatre in Irvine, California. If you're in the area (or want to make the trip), we'd love to have you join Isaac and the team for a night of spirited discussion, live Q&A, and opportunities to meet the team in person. You can read more about the event and purchase tickets here.Ad-free podcasts are here!To listen to this podcast ad-free, and to enjoy our subscriber only premium content, go to ReadTangle.com to sign up!You can read today's podcast here, our “Under the Radar” story here and today's “Have a nice day” story here.Take the survey: How do you think the economy is faring? Let us know!Disagree? That's okay. My opinion is just one of many. Write in and let us know why, and we'll consider publishing your feedback.You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.This podcast was written by: Ari Weitzman & Will Kaback and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Lindsey Knuth, Kendall White, Bailey Saul, and Audrey Moorehead. Hosted on Acast. See acast.com/privacy for more information.
Trump fires BLS commissioner after the release of weak jobs report
Trump fires Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report shows weaker-than-expected numbers, claiming the report was politically motivated. Then, Epstein associate and convicted sex offender Ghislaine Maxwell gets moved to a lower-security prison in Texas with no explanation and just days after meeting with Deputy Attorney General Todd Blanche. Plus, the Corporation for Public Broadcasting, which helps fund PBS and NPR, announces it is shutting down after Congress cut its funding. Akayla Gardner, Ron Insana, Natasha Sarin, Dave Weigel, Carol Leonnig, Jason Johnson and David Jolly join The 11th Hour this Friday.
USA TODAY White House Correspondent Joey Garrison discusses President Donald Trump's move to fire the head of the Bureau of Labor Statistics following disappointing jobs numbers.U.S. stocks fell amid tariff tensions and weak jobs news.USA TODAY Money Reporter Rachel Barber explains why gold shines in uncertain economic times.The Corporation for Public Broadcasting will shut down following Trump budget cuts.Please let us know what you think of this episode by sending a note to podcasts@usatoday.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Episode 4676: Negative Bias In The Jobs Report
The Bureau of Labor Statistic's July jobs report came in far below expectations. May and June's counts were also revised down significantly. What's a president — one who's championed contentious economic policies — to do? Fire the BLS chief, apparently. In this episode, what happens if President Donald Trump turns federal data collection into a partisan tool. Plus: Medium-sized companies are hit hardest by tariffs and digital price labels are coming to a grocery store near you.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
#630: Interesting observations about the current housing market, meme stocks (again), GDP, Fed Meeting, Stock Market, and the latest Jobs Report updates. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. 00:00 Introduction to Economic Turmoil 01:21 Jobs Report According to the BLS 09:23 Impact of Tariff Negotiations 12:36 The Broader Trade Landscape 16:04 Stock Market Reactions 24:11 GDP and Inflation Insights 31:52 The Fed's Steady Hand (Interest Rates) 39:55 Housing Market Dynamics 39:40 Affordability Crisis in Real Estate 50:23 The Return of Meme Stocks Learn more about your ad choices. Visit podcastchoices.com/adchoices
P.M. Edition for Aug. 1. The jobs report, which showed sharply lower revised numbers for May and June, may open the door for the Fed to cut interest rates at its next meeting in September. WSJ finance news editor Christina Rexrode joins to discuss. Plus, software company Figma's stock market debut yesterday saw its stock price jump 250% in its first day of trading, leaving some $3 billion on the table. We hear from Corrie Driebusch, who covers U.S. capital markets for the Journal, about why that happened. And President Trump says he will position two nuclear submarines “in the appropriate regions” in response to criticism from a former Russian leader. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In today's episode, we cover Durham Annex Confirms Trump-Russia Hoax Origins Newly declassified findings show Hillary Clinton's campaign fabricated the Trump-Russia collusion narrative to distract from her own email scandal. The FBI launched its Crossfire Hurricane investigation without evidence, with questions mounting over Obama-era intelligence officials' involvement. Clapper Threatened Whistleblower, New Letter Reveals A whistleblower says he was pressured by James Clapper's team to endorse a false intelligence assessment. When he refused, his promotion was threatened. Senate Democrats reportedly ignored his warning. The mainstream press remains silent as Pulitzer Prize-winning outlets avoid revisiting the debunked narrative. Jobs Report and Trump's Federal Workforce Cuts The July jobs number arrives today with major implications for interest rate policy. Meanwhile, 154,000 federal workers have taken Trump's buyout offer. ICE and DHS are ramping up hiring, while the administration pushes toward leaner government staffing. Tariff Deadlines, Trade Deals, and Whirlpool's Comeback Trump's tariffs defuse a looming war between Thailand and Cambodia. New trade deals are signed and global rates reset to a baseline of 10 to 15 percent. Whirlpool celebrates the policy shift, but legal challenges could bring tariff chaos this winter unless Congress steps in. Nvidia Chips for Rare Earths Sparks Backlash Trump authorizes a controversial swap allowing China to buy U.S. AI chips in exchange for critical minerals. Lawmakers are outraged, warning the deal risks U.S. technological leadership. Meanwhile, the White House scrambles to rebuild a domestic supply chain for rare earth magnets. U.S. Missile Shortage and War Readiness During the Israel-Iran conflict, the U.S. used 25 percent of its THAAD interceptor stockpile. New funding will boost production, but critical components still rely on Chinese supply chains. Analysts warn of vulnerabilities if conflict with China erupts. Biden-Era Migrant Flow Through Panama Stops Cold The Darien Gap, once a highway for 80,000 monthly migrants under Biden, now sees just 10. The collapse of the route confirms the migrant crisis was always a policy choice. Arab League Calls for Hamas to Disarm In a rare move, Arab states and Turkey publicly demand Hamas step down and hand over weapons to the Palestinian Authority. While Israel and Trump cautiously welcome the news, aid delivery failures and propaganda missteps complicate hopes for peace. Iran's Cultural Pivot from Islam to Ancient Persia Facing declining popularity, Iran's regime embraces its pre-Islamic Persian heritage. Analysts say the shift is meant to unify the country with cultural pride amid internal discontent and war fatigue. U.S. Opens Visa-Free Travel for Argentina Trump gifts President Milei a visa-free travel program, but critics warn it may increase transnational crime. Lawmakers call for stricter travel vetting and question the expansion of Obama-era ESTA policies. AI's Disruption Hits Rural Colombian Schools Students in a small town near Bogotá are using Meta's AI tool to fake homework, failing tests as a result. Teachers crack down with new policies. Bryan reflects on AI's impact on youth, work, and future voting behavior, urging thoughtful policy before Big Tech decides for us. "And you shall know the truth, and the truth shall make you free." - John 8:32
Join Jim and Greg for the Friday edition of the 3 Martini Lunch as they react to President Trump's firm opposition to a Palestinian state, a deeply disappointing July jobs report, and more glaring incompetence from Los Angeles Mayor Karen Bass and former Vice President Kamala Harris.First, they applaud Trump for refusing to follow France, Great Britain, and Canada in announcing their support for a Palestinian state. Trump says would be rewarding Hamas for its atrocities against Israel and beyond. Jim and Greg also explain why calls for establishing a Palestinian state with Mahmoud Abbas and Palestinian Authority is a horrible idea.Next, they shake their heads at the July jobs report, which shows just 73,000 jobs added, a number far below expectations. Making matters worse, numbers from May and June were revised down by more than 250,000. Jim suggests tariffs may be hurting job creation, and both he and Greg warn against using tariff revenues to send us all checks.Finally, they roll their eyes as Los Angeles Mayor Karen Bass says the withdrawal of more National Guard personnel means they are in "retreat." Bass also cluelessly says he wants all military out of LA. Jim and Greg remind you that Bass was on Joe Biden's short list for vice president in 2020. Ultimately, that not went to Kamala Harris, who proved again on national television Thursday night, that she has no business being anywhere near the Oval Office.Please visit our great sponsors:No missed calls, no missed customers with OpenPhone. Get 20% off your first 6 months at https://Openphone.com/3ml Keep your skin looking and acting younger for longer. Get 15% off OneSkin with the code 3 ML at https://www.oneskin.co/
After postponements, President Trump's reciprocal tariffs are set and go into effect next week. John Cassidy, staff writer at The New Yorker, talks about where things stand with these tariffs--plus the fed's decision on interest rates and a new jobs report for July.
The Bureau of Labor Statistic's July jobs report came in far below expectations. May and June's counts were also revised down significantly. What's a president — one who's championed contentious economic policies — to do? Fire the BLS chief, apparently. In this episode, what happens if President Donald Trump turns federal data collection into a partisan tool. Plus: Medium-sized companies are hit hardest by tariffs and digital price labels are coming to a grocery store near you.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
New York Times columnist David Brooks and Jonathan Capehart of MSNBC join Amna Nawaz to discuss the week in politics, including President Trump fires the head of the agency that produces the monthly jobs report, the White House surveys the humanitarian situation in Gaza today and former Vice President Harris makes her first television appearance since losing the election. PBS News is supported by - https://www.pbs.org/newshour/about/funders
Discover if the weaker jobs report opens the door for rate cuts. Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters! INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? - Invest in stock ETFs, private equity and digital assets for potential high compounding rates - Asset allocation model with ticker symbols and % to invest -Monthly LIVE investment webinars with Linda, with Q & A -Private VIP Facebook group with daily interaction -Weekly investment commentary from Linda -Optional 1-on-1 tech team support for digital assets -Join, pay once, have lifetime access! NO recurring fees. -US and foreign investors, no minimum $ amount to invest For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional cost. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP Or have a complimentary conversation to answer your questions. Request a free appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). WANT HELP AVOIDING IRS AUDITS? #Ad Stop worrying about IRS audits and get advance warning at Crypto Tax Audit, here. PLEASE REVIEW THE PODCAST ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK Leave a book review on Amazon here. Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here. #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. (Some links are affiliate links. There is no additional cost to you.)
Markets sell off after a weak July Jobs Report and news of Trump's revised reciprocal tariffs, but Jefferies Chief Market Strategist David Zervos says not to be alarmed. Plus, Amazon sinks on yesterday's rough forecast while burgers and biotech rally. Fast Money Disclaimer
Tarantulas lookin for Bidness… Boeing in STL may strike again?... Jobs Report from Jan. seems a little outdated already… Heat Advisory…. Shooting in Reno… Shooting in NYC… Why Delta pilot was arrested?... Cincinnati Police Chief at Presser over beating event… UK has surge in VPN downloads… Email: ChewingTheFat@theblaze.com Shows The Knick and Smoke… Power outage at the house last night… Who Died Today: Ryne Sandberg 65 / Wallis Annenberg 86 / Layla the cat 14 – because of The Blue Angels?... Deion Sanders / Cured of Bladder Cancer… New Biography on Elvis… Joke of The Day… www.blazetv.com/jeffy Promo code: Jeffy… Learn more about your ad choices. Visit megaphone.fm/adchoices