Good morning, good morning. This is bloomberg surveillance. Your equity market of the s p positive. 5 . Upside surprise on cpi, upside surprise on ppi arguably pushing back rate calls even more. Bank of america talking about goldy shops saying we have gone from goldilocks to stagflation. Lisa right now it is hard to see stagflation priced in. We have gotten two straight hot inflation reads at the same time retail sales are causing concern it may be the consumer getting too stretched. Jonathan it has been weird when you think about the equity market reaction. We were down about one third of 1 on the s p 500 yesterday on hot ppi. Even that we have had the reaction in bond yields up equities have been pretty steady. Lisa ultimately if the fed cuts rates more because of this idea of stagflation, the idea of weaker growth, that will be positive for equities. A resilient economy will be positive for equities. If it is stagflation shock that will be a massive problem. A lot of people are not
Joe biden even intervene to make transport strikes illegal. Joining me now is labor journalist, hamilton nolan, north of the have a power and equality in the struggles episode of labor. Hamilton himself played a key role in unionizing the workforce at gould media. You joins me now from new york. How old is it that you so much for coming on . I understand that your book, it made the usa today best seller list. What drove you to right and how come it struck such a cord, seemingly in the United States and in the election . Yeah. And uh, well, i have been a labor journalist for a long time and i, as you mentioned, got the opportunity to help organize my own workplace, a golf or media in 2015. I got a chance to see the Labor Movement of both from the outside of the journalist and from the inside as somebody participating in my own union. And you know, as a backdrop, to this book, 50 years of rising in a quality in the United States of america, particularly since the reagan era has let us to
As you mentioned, got the opportunity to help organize my own workplace at golf for media in 2015. I got a chance to see the live, remove that uh, both from the outside of the journalist and from the inside as somebody participating in my own union. And you know, as a backdrop, to this book, 50 years of rising an equality in the United States of america, particularly since the reagan era has let us to a point when people have gotten fed up. And Public Opinion polls tell us today that unions are as popular as they have been in 60 years in the United States of america. So i think that we may have finally hit a Tipping Point when people are ready to reclaim the work or power that has been lost of them over the past generations. Yeah, it was the old, even of the Academy Awards to hear people talk about the successful Writers Strike over there. But at the same time, what exactly happened with joe biden in the transport work as a he see you next to the lord to stop the strike or . Yeah, jo l
Tactics. Come with such small penalties that companies are really economically incentivized to crack down on unions and pursue Union Busting so that thats the 1st obstacle that workers have to encounter. And the other obstacle really is, is again, the weakness of organized labor itself, all of those decades of decline had made it very hard for workers to do simple and basic things like get in contact with the union. Are organizer, find the union that is willing to put the resources behind them to pursue a successful organizing campaign, to fight against employers that already investing. So on both sides, workers are, workers are dealing with obstacles, both of the company being able to step on their necks and then trying to find the union that, that is willing to help them out and back them in their struggle. The a, f, l. C. I o in the book, you call them a media greenhouse loving for its known around the world. That organization is something that is promoted death, squads and torture,
[000 00 00;00] the, [000 00 00;00] the, im action or can say welcome back to going undergrad, broke us. They go around the world from you a, i had them novembers election so called mainstream corporate propaganda me during the United States will Center Analysis on personality and identity instead of clause. It wasnt always so once it was the working classes and organized labor that terrified us. It leads and threatened that controlled. But as new liberal inequality is risen over the decades, the worker is back last year as well. Over half a 1000000 work is across industries from automotive to aviation, to entertainment, hitting the picket lines in nearly 400 strikes in the us genocide, joe biden even intervene to make transport strikes illegal. Joining me now is labor journalist, hamilton nolan, north of the how much power and equality and the struggle for the soul of labor. Hamilton himself played a key role in unionizing. The workforce at goal cut media. You joins me now from new yor