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14min chapter
Day Two at Schwab Impact in Philadelphia
Bloomberg Businessweek
Turn down in job environment and impact on US market
The chapter discusses the possibility of a turn down in the job environment and the potential impact on the US market. They mention valuations that brace for a more difficult environment and highlight leading indicators of a softening labor market. The CEO of Whirlpool shares insights on the current state of employees and raises. They also discuss credit conditions, tightening lending standards, and the increase in layoff announcements compared to hiring discussions.
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