Labor Market Weakening, Fed Uncertainty, and Evolving Financial Markets

Key Quotes

"the best b2b marketing gets wasted on the wrong people in what possible world do i need this seven pound bag of wasabi peas that social media is obsessed with showing me to reach the right professionals use linkedin ads linkedin has grown to a network of over 130 million decision makers you can target your buyers by job title industry and more spend 250 on your first campaign and linkedin will even give you a 250 credit on your next one just go to linkedin com mbd that's linkedin com mbd terms and conditions apply only on linkedin ads"

The speaker highlights LinkedIn Ads as a superior B2B marketing tool. This quote demonstrates that LinkedIn's extensive network of decision-makers allows for precise targeting based on job title and industry, making marketing efforts more effective than general social media advertising. The mention of a promotional credit further suggests an incentive for businesses to utilize the platform.

"let's say you're watching a tv show and you'd want to avoid spoilers maybe you'll stay off the internet for a bit or avoid talking to friends who are ahead of you but there's another place you may want to stay away from google earth fans of the hit apple show pluribus are confronting the fact that google earth's historical imagery reveals a major plot point in episode seven if you zoom in on the fake neighborhood outside of albuquerque that was used for the set i'm not going to tell you what it is of course but toby this has got me spooked i'm still in the middle of lord of the rings and i'm totally going to stop my google maps street view tour of oskiliath"

This quote illustrates an unexpected way spoilers can be revealed through digital mapping services. The speaker expresses concern that Google Earth's historical imagery, when applied to specific filming locations, can inadvertently expose plot points from television shows. This anecdote serves as a cautionary tale about the pervasive nature of information in the digital age and how even seemingly innocuous tools can impact entertainment experiences.

"employers added 64 000 jobs last month but officials also revealed a revised october report that showed the us economy lost 105 000 jobs a month prior the biggest red flag other than failing to hold the door open for you is that the unemployment rate rose to 4 6 that is up from 4 4 the month prior and the highest level since september 2021 when the country was still emerging from the pandemic a steady rise in unemployment suggests the labor market is seeing a structural weakening aka the exact kind of move that the fed is hyper attuned to as it indicates a broader slowdown not a one off blip"

The speaker is presenting a concerning jobs report that indicates potential economic weakening. This quote details a significant drop in job additions from the previous month and a rise in the unemployment rate to its highest point since late 2021. The speaker emphasizes that this trend suggests a structural issue in the labor market, which is a key indicator that the Federal Reserve closely monitors for signs of a broader economic slowdown.

"then again you also look at private payrolls so we talked about the fact that d o j eliminated 162 000 government jobs but let's look at private payrolls they have risen by an average of 75 000 per month for the last three months so that maybe suggests stronger underlying job creation than the headline number of job losses may suggest so there's some glass half full statistics that maybe show that this is maybe more of a confusing or muddy job report than the headline numbers suggest"

This quote offers a more optimistic interpretation of the jobs report by focusing on private sector employment. The speaker contrasts the government job losses with the consistent growth in private payrolls, suggesting that the overall picture might be stronger than the headline numbers indicate. This perspective suggests that the job market may be more resilient than initially portrayed, with private industry driving job creation.

"nasdaq wants you to pull an all nighter the second largest us exchange asked the sec for permission to beef up its trading hours by adding an additional session from 9 pm to 4 am bringing the total amount of time you can make ill fated bets on beyond meat to 23 hours the pros of such an approach include letting your cousin in brussels day trade during his waking hours as it would invite market participants outside the us to play ball us stocks dominate global portfolios so investors in asia to europe who currently react after the fact to big events like earnings or fed decisions could capitalize on information more quickly"

The speaker is discussing Nasdaq's proposal to extend its trading hours significantly. This quote explains that Nasdaq is seeking permission to add an overnight trading session, which would allow for 23 hours of trading per weekday. The speaker highlights the potential benefits, such as increased accessibility for international investors who could trade during their local waking hours and react more quickly to market-moving news.

"uber and doordash are throwing a christmas time hail mary to try and block a new tipping law coming to new york city next year the food delivery companies sued the big apple over a measure that will change the way tipping looks on their apps the law coming into effect in january forces them to prompt customers to tip their delivery person up front instead of after the transaction and the default tip will be a minimum of 10 the companies say this infringes on their first amendment rights to free speech by requiring them to relay a government mandated message to their customers they argue that people are suffering from so much tipping fatigue they'll stop ordering food delivery due to pre checkout sticker shock"

This quote details the legal challenge Uber and DoorDash have mounted against a new tipping law in New York City. The speaker explains that the law requires these companies to prompt customers for tips upfront, with a minimum of 10%, rather than after the transaction. The companies argue this infringes on their free speech rights and could lead to customers reducing orders due to perceived "sticker shock" at checkout.