Bloomberg Businessweek

US job growth surged in August and the unemployment rate held steady, suggesting the labor market has more momentum than previously thought. Nonfarm payrolls increased 162,000 last month and July’s job losses were revised away, according to Bureau of Labor Statistics data out Friday. The August increase topped all estimates in a Bloomberg survey. The unemployment rate remained at 4.1%.
Bloomberg's Tom Keene and Damian Sassower get reaction from:
Claudia Sahm, Chief Economist at New Century Advisors, brings us into the jobs report
Amy Wu Silverman, Head: Derivatives Strategy at RBC, reacts to today's jobs report
Kristina Campmany, Senior Portfolio Manager at Invesco, talks about the bond market's reaction to jobs
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American Ventures sold major stock holdings amid news coverage linking the Trumps to the investments, the analysis shows. In each of the deals, American Ventures earned a profit or is on track to do so. In each, outside investors saw shares decline. Eric and Donald Trump Jr. are passive investors in American Ventures, which has booked quick profits on stakes as buy-and-hold investors take losses. Guest hosts Christina Ruffini and Lisa Mateo speak with Bloomberg's Zachary Mider for more.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
This year’s US Open purse will reach $108 million, representing the largest player compensation package in the sport’s history.Winners of the singles main draw will take home $5.5 million, according to a statement Thursday from the United States Tennis Association. Competitors in the first-round will receive $140,000. Overall compensation for this year’s tournament is up 20% from last year, according to the USTA. Hosts Tim Stenovec and Molly Smith broadcast live from the Billie Jean King National Center
On today's episode:
Steve Flink, Tennis Hall of Fame Journalist and Author of “The Immortals of American Tennis”
Aleco Azqueta, Bacardi Global VP of Marketing
Christian Basnigh, Influencer & Creator of ‘Christian’s Court’
Anthony Sama, NYC Parks Department Flushing Meadow Park Administrator
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Every three months like clockwork, investors pull $40 billion or more from a BlackRock exchange-traded fund tracking the S&P 500 and deposit most of it into a near-identical Vanguard Group product. A few days later they reverse the trade, and the money flows back the other way. Bloomberg News' Zachary Mider and Denitsa Tsekova write about the trend in today's Big Take.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Chevron plans to invest $7 billion over the next five years to more than double crude production in Venezuela through its joint venture partnerships. The announcement comes after President Trump announced a deal to develop Venezuela's oil reserves, giving the Pentagon a stake in the profits. Bloomberg News Washington Correspondent Tyler Kendall spoke with US Energy Secretary Chris Wright and Chevron CEO Mike Wirth about the new deals.
On today's episode, Tim Stenovec and guest host Lisa Mateo speak with:
Tyler Kendall, Bloomberg News Washington Correspondent
Chris Kennedy, Bloomberg Economics Economic Statecraft Lead
Miguel Martin, Aurora Cannabis CEO
Daniel Schreiber, Lemonade Co-Founder and CEO
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