We welcome you on the simulcast. Bloomberg radio and Bloomberg Television across this nation and worldwide. This due of news is just extraordinary. An important moment will be Lawrence Kudlow after the jobs report. But jon, i want to talk for a moment about the markets. Affected. Oeing come up 5 . Igit 13 on the s p 500 yeartodate, and the nasdaq 100, lisa has loaded the boat on the nasdaq, up 38 . This is a boom and great bull market. Jonathan record on the nasdaq, just off that on the s p 500. The market has ignored all of the bad stuff over the last month and held onto all of the good stuff. Does that change in 29 minutes . The payrolls report, the estimate for hunted 60,000 the estimate 460,000. Tom Kevin Cirilli talking about the enthusiasm to get something done. We will talk about that in the moment. I love what greg peters of pgim said in the opening credits, the idea that everybody is looking for every bit of yield. To me that has been undersold story this week about how other
What youre doing in vegas and across the country demonstrates everyday that skill workers are literally building our economic future. I could not be more thrilled to join you. Just a year ago, i delivered a speech in michigan which laid out the case for our administrations economic plan. At the time we had just witnessed an historic economic recovery from the depths of the pandemic downturn. The unprecedented pace of job creation had brought the u. S. Labor market back in that time. Yet we were still in the early stages of executing President Bidens longterm economic agenda. We had just completed the enactment of our trifecta of historic investments. The bipartisan infrastructure law, the chips and science act, and the Inflation Reduction Act. During that speech, i also talked about the principles that guide our agenda. I outlined the framework called modern supplyside economics, and economic philosophy which animates much of biden onyx bidenomics. Its about how governments can spur lo
Now, the treasury secretary speaks on the state at the u. S. Economy in front of the International Brotherhood of Electrical Workers Labor Union in las vegas. During her remarks, the secretary outlined the economies transition in the wake of the covid19 pandemic, and highlighted the clean Energy Aspects of the Inflation Reduction Act. This is nearly 30 minutes. What youre doing in vegas and across the country demonstrates everyday that skill workers are literally building our economic future. I could not be more thrilled to join you. Just a year ago, i delivered a speech in michigan which laid out the case for our administrations economic plan. At the time we had just witnessed an historic economic recovery from the depths of the pandemic downturn. The unprecedented pace of job creation had brought the u. S. Labor market back in that time. Yet we were still in the early stages of executing President Bidens longterm economic agenda. We had just completed the enactment of our trifecta of
U. S. Banks have in standardized models. We have ongoing discussions on this issue and i think are coming closer to reaching agreement on this final issue which would let us finalize parcel three. This is not a question about changiapplied to foreign banks. But we have imposed we chose to impose standards on u. S. Banks, particularly systemically important banks that exceed the global minimums that we are agreed in parcel, those are expected to be an intended to be minimum requirements in individual countries that see a need and benefit from having Higher Standards are fully expected to adopt Higher Standards and in some cases, particularly with the largest and most systemically important u. S. Based bankings organizations, we have done that in imposing Higher Standards and think it is appropriate and warranted by the safety and soundness benefit for our financial system. Time iseri your expired and mr. Paulson is recognized. Thank you for your service to the country and taking the tim