Latest news with #nonfarmpayrolls
Bloomberg
4 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Jobs and Musk
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJune 6th, 2025 Featuring: 1) Claudia Sahm, Chief Economist at New Century Advisors, Amy Wu Silverman, Head of Derivatives Strategy for RBC Capital Markets, and Kristina Campmany, Senior Portfolio Manager with Invesco, react to the May nonfarm payrolls report. Data released earlier this week signaled a softening labor market, which reinforced expectations that the Federal Reserve will cut interest rates at least twice this year. 2) Dan Ives, Global Head of Technology at Wedbush Securities, discusses the feud between Elon Musk and President Trump and how it's affecting Tesla stock, Musk's other companies, and his personal wealth. After Tesla shares tanked 14% and Musk's personal wealth dropped by $34 billion, Musk signaled a willingness to cool tensions with Trump, responding to a user's advice to "cool off and take a step back for a couple days" with "Good advice." 3) Callie Cox, Chief Market Strategist at Ritholtz Wealth Management, brings us into the market open and discusses how the jobs report is affecting markets. US yields Thursday rebounded from session lows after an unexpected increase in new jobless claims, with traders pricing in an earlier start to Federal Reserve interest-rate cuts. 4) Jennifer Harris, former Special Assistant to the President and Senior Director for International Economics on the National Security Council and the National Economic Council, on her Foreign Affairs article "The Post-Neoliberal Imperative" and the realignment of a "new centrism" in American politics.
Bloomberg
4 days ago
- Business
- Bloomberg
US Payrolls Gain of 139,000 in May Points to Gradual Moderation
By Updated on Save US job growth moderated in May and the prior months were revised lower, indicating employers are cautious about growth prospects as they weigh the Trump administration's economic policy. Nonfarm payrolls increased 139,000 last month after a combined 95,000 downward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. The unemployment rate held at 4.2%.
Yahoo
15-05-2025
- Business
- Yahoo
Target Corporation (TGT) – 'Walmart's Coming On – Target Better Stay Relevant,' Warns Cramer
We recently published a list of . In this article, we are going to take a look at where Target Corporation (NYSE:TGT) stands against other stocks that Jim Cramer recently discussed. In a recent appearance on CNBC's Squawk on the Street, Jim Cramer discussed recent employment data which covered nonfarm payrolls, the unemployment rate, and other details. The figures revealed that nonfarm payrolls grew by 177,000 in April which handily beat economists' forecast of 133,000. Additionally, despite worries about a growth slowdown, recessionary fears, and high interest rates, April's unemployment rate sat unchanged at 4.2%. Cramer gushed about the data and shared that it was the only data that mattered when it came to considering whether there would be a recession. He commented: 'Really strong numbers and it's one of those this right now the President has that, uh, Truth Social squib, about the Fed should cut. I think the difficulty is a positive difficulty. These are really good numbers and it's not like they're red hot in terms of inflation. I like the fact that a lot of them we haven't seen layoffs yet, from severance, remember from government, that was minus 9,000. The healthcare's up, it's just a good number! I mean, it's a number you expect and like to see when we're, you know kind of worried about a recession! It's a take the recession off the table number!' While the CNBC host admitted that some regions of the economy were weak, he nevertheless remained optimistic: 'We're supposed to have a pullback. We're just not getting it. Look there are spots that are weak but they tend to be aligned with outfits that aren't doing that well. . . I like these numbers, they make me feel like that the President should have said, uh, it's going to make it so that we might not have to cut rates but hang in there. Maybe things will not be so good so. I mean what does he, don't box yourself Mr. President. . .' Another theme that Cramer has discussed quite a lot in his morning show this year is the rally in the European stock market. In an April appearance, he remarked 'I think a lot of people say you know what, I keep sending money over there, and I win. So I'm gonna keep sending money over there. Those economies are being juiced by a wartime. . you know they're spending a lot.' This time around, he pointed out that the US was back. 'You know everyone's still talking about the big European rally, said Cramer. He added: 'Hello? It's been a US rally! Let's stop it already. That European rally it occurred, dynamite, I'm going over to Europe, I'll check it out myself.' Cramer then continued to gush about the jobs report. In fact, he called the reports the North Star of investing: 'I hate to be so simpleminded, but I've done, for one of my books I did this thing about what is the one statistic that you need to know. Over the past forty years. And the statistic is, this Friday. Once a month, you need to know this number. And if this number is true, and you have good employment growth, then you can just take it to the next three weeks. . . .take anything negative off the table because this is the number that is the North Star.' To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on May 2nd. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders In Q4 2024: 56 Target Corporation (NYSE:TGT) is one of the biggest discount store operators in America. Despite the fact that such retailers typically do well in periods of economic uncertainty, the shares are down by 28% year-to-date. Target Corporation (NYSE:TGT) has struggled due to falling sales and competition from larger retailers such as Walmart. Cramer's previous comments about the firm have remarked that it could be hurt by tariffs. Here are his latest thoughts: 'No there are issues with what's going to happen and it's another reason, uh and I'm a small business champion, but another reason to buy Amazon. Because Amazon has, they have scale. Walmart has scale. When you talk to Amazon they say listen, we got, Walmart's coming on. Overall, TGT ranks 2nd on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of TGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TGT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
