35 min listen
The Labor Market, & The Venezuela Factor 10/7/22
FromSquawk Pod
ratings:
Length:
27 minutes
Released:
Oct 7, 2022
Format:
Podcast episode
Description
The Labor Department has reported that 263,000 jobs were added in September, and the unemployment rate fell to 3.5%. The numbers will likely encourage the Federal Reserve to stay the course, on their aggressive rate hike policy to curb inflation. In the aftermath of the OPEC+ decision to cut oil output by 2 million barrels a day, the U.S. is exploring an ease of its sanctions on Venezuela in an effort to both boost oil flows, ease domestic energy market pressures, and push Russia and Saudi Arabia out of South America. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera breaks down President Biden’s geopolitical strategy. Plus, President Biden has pardoned thousands of people convicted of marijuana possession, global investors remain concerned that Credit Suisse is having liquidity issues, and Elon Musk is working to avoid a trial with Twitter. In this episode: Tsedal Neely @tsedalMichelle Caruso-Cabrera @MCaruso_CabreraBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
Released:
Oct 7, 2022
Format:
Podcast episode
Titles in the series (100)
Goldman’s Former Head Lloyd Blankfein: Poverty & GDP Are Also Health Issues: Lloyd Blankfein, former Goldman Sachs CEO and famed risk manager, discusses reopening economies to spare Americans further economic--and possibly physical--damage, and he shares lessons learned from the last financial crisis. United States Secretary of State Mike Pompeo explains Covid diplomacy as the U.S. looks to China for help in ending the global pandemic. by Squawk Pod