Episode Summary
October Jobs Report Beats Expectations with Unemployment Dropping to New Pandemic Low
DB-Nov 05,2021: We’re ringing in the holiday season with some good news: U.S. non-farm payrolls increased by 531,000 in October, beating the estimate of 450,000. Spreading more cheer, unemployment fell to 4.6%, a new pandemic low. As more people head back outside and hit the gym, a jewel of the pandemic, Peloton, suffers major blows to its stock today, falling nearly 35%. Jim Bianco, president of Bianco Research, joins to give his analysis of the Fed’s taper, the Bank Of England’s announcement to hold rates steady, the latest on inflation, the labor market, and today’s price action. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3BMVfj5
Subscribe
Hosts
Ash Bennington
@AshBennington
Maggie Lake
@maggielake
Raoul Pal
@RaoulGMI
Follow Us
We'll be tweeting new episodes, polls, questions, and show updates. Follow us and say hi!
@RealvisionReal Vision Essential
Essential insights for all investors
Our core membership, Real Vision ESSENTIAL, unlocks our most popular shows, introducing the key market themes we focus on and featuring hard-to-access guests like Kyle Bass, Jim Chanos, Jim Grant, Stan Druckenmiller and many more.
Become a member now and get analysis you won’t find anywhere else.
- Daily interviews, investment ideas and presentations
- The Real Vision Daily Briefing – after market close
- Quarterly two-week long investment themes
- Full, ad-free access to the archive
- Binge anytime, anywhere on mobile and OTT apps, and offline with downloadable video, audio and transcripts