Bloomberg Surveillance cover image

Bloomberg Surveillance

Bloomberg Surveillance TV: October 14, 2024

Oct 14, 2024
Nela Richardson, Chief Economist at ADP, shares insights on the labor market, predicting a clouded October jobs report. Kate Moore, Head of Thematic Strategy at BlackRock, discusses solid but not spectacular revenue growth in Q3. Both guests highlight the cautious investor sentiment ahead of the U.S. elections, as the landscape shows mixed market signals. They also explore the impact of high interest rates on real estate, consumer resilience amid uncertainties, and how China’s economic struggles might affect the U.S. economy.
23:26

Podcast summary created with Snipd AI

Quick takeaways

  • Investors are adopting a wait-and-see approach until after the US election, affecting capital expenditures and hiring decisions.
  • Experts predict solid revenue growth despite economic uncertainties, emphasizing the need to monitor consumer spending as market indicators.

Deep dives

Introduction of Teen Accounts on Instagram

Instagram introduces new accounts specifically designed for teens, focusing on their safety and privacy. These accounts automatically enforce protections regarding who can contact them and what content they can access, ensuring that teens can connect with their peers and relevant interests securely. Additionally, it mandates that users under 16 require parental approval to change safety settings, fostering a protective online environment. This initiative aims to provide a safer space for younger users while allowing them to engage meaningfully with the platform.

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