Weak jobs report spooks market
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Published 2024-08-02
CIO and managing partner at Wynsource Partners; Karen Finerman, Metropolitan Capital CEO; and Carter Worth, Worth Charting founder and CEO, join 'Fast Money' to discuss the market after stocks fell sharply Friday due to a weaker-than-expected July jobs report, sparking recession fears.
All Comments (21)
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I want to live in the CNBC bubble too. Consumer debt and delinquencies on the rise may be news to these clowns, but every other YouTube channel has been talking about it for months by now.
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This is what Wall Street wanted.
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carter is 100% correct. soft landing was always a joke
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Just say that the Ression is here
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Nvidia after 10 to one split has dropped now sell now lose money. The ordinary people bought in ripped off. It is a disaster people afraid to admit.
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The girl in blue is genuine as hell.
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Hey Lovelies! I have a side hustle I do just a couple of hours a day as a retiree And I absolutely love it because it's no selling, no inventory, no bugging family or friends, and no shipping! There's really nothing out there like it, and I'm happy to send you more info if you are interested! 🥳💖😀
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Sellers are profit taking. Markets are up
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Unemployment will blow through 5%.
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Keep saying companies have great earnings/cashflow but that's not the future. Earnings and estimates will come down when the economy slows, price multiples will have to contract back to avg of 15, not 30-45 today
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The ai layoffs here no real products last resort cut people give illusion of profits. Intel the start Amazon next. Good talk Melissa and team.
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Why do they hire reporters to monologue who can't put a coherent sentence together? Starting 1:50
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Well thanks experts , I would have been better off using a dart board to choose positions than listening to your advice for the last 4 years .
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The problem is not unemployment just a bit higher here, the problem is the trend starting to increase rapidly plus previous month was revised down
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Stocks losing 30% in a day😳
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Recession is coming! Thats what happened today! 😂 this economy has been a dog for a bit.
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Powell not fired?
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Unemployment had to go up [to just 4%] for inflation to come down and interest rates to get cut. Why doesn't anybody understand that?
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People often get confused with the Fed cutting rates. Cutting rates is meant to stimulate the economy. But it’s typically done when detiorating conditions are already noticed which can often spook the market.
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As gas bag said, "if andrew left is guilty, then anyone who guest speaks is also guilty". Get ready for the greatest market crash in history
