Guests on the podcast discuss the NY area quake, March jobs report, employment trends, market outlook, and hiring in the US. They cover topics like emergency responses to earthquakes, job growth trends, impacts of immigration on the labor force, equity market responses to high yields, and diversifying investment strategies beyond tech sectors.
Tremor near White House Station sparked FAA ground stop at JFK and Newark airports.
March jobs report shows positive growth exceeding expectations, contributing to labor market strength.
Municipal bond market resilient after earthquake, offering stable investment choice with attractive yields.
Deep dives
Mental Health Awareness in the Workplace
Insight, awareness, and empathy can help us better understand the challenges faced by coworkers dealing with invisible struggles like stress and burnout, caregiving, or feeling misunderstood. This understanding can lead to healthier individuals and companies.
NetSuite's Financial System Benefits
NetSuite by Oracle offers a cloud financial system that integrates accounting, financial management, inventory, and HR functions into one platform, reducing IT costs, maintenance costs, and errors. Over 37,000 companies have transitioned to NetSuite, which is currently introducing a flexible financing program.
Discussion on Recent Earthquake in New Jersey
The podcast episode delves into the 4.7 magnitude tremor near White House Station in New Jersey, reported by the US Geological Survey. Despite no reported damage in New Jersey and New York, FAA implemented a ground stop at JFK and Newark airports. The conversation reflects on the geological activity in New Jersey and the impact of earthquakes in the region.
Significance of Employment Data
The podcast highlights the positive job growth of 303,000 additional jobs last month, exceeding expectations. While the government sector contributed substantially, there's optimism about ongoing job growth and the strength of the labor market. Discussions on wage increases, margin outlook, and impacts on diverse sectors offer valuable insights for investors and analysts.
Response to Recent Natural Disasters
In the wake of natural disasters like earthquakes, the podcast assures municipal bond investors that default risks are low due to such occurrences. Municipal bonds are shown to outperform treasuries, providing a stable investment option. Municipal bond issuance, market demand, and trading dynamics are brought to attention, emphasizing the resilience and attractiveness of the municipal bond market.
Importance of Yield in Municipal Bonds
The discussion highlights the notable demand for municipal bonds, with investors showing enthusiasm for new issues and attractive yields compared to corporate bonds. Tax-equivalent yield benefits, spread compression in the corporate sector, and tax-related municipal bond selling are underscored as key factors influencing investment decisions. Insights on healthcare deals and recovery narratives offer intriguing avenues for potential investors.
Brandon Sapienza, Bloomberg Deputy Team Leader for US and International Breaking News, discusses breaking news of the NY area being hit by the biggest quake in 140 years. Joanie Bily, Chief Workforce Analyst at Employbridge, discusses the March jobs report and employment trends. Grace Lee, Senior Portfolio Manager for Columbia Threadneedle, discusses her outlook for the markets. Tom Gimbel, Founder and CEO at LaSalle Network, joins to discuss the March jobs report, and hiring in the US. Eric Kazatsky, Bloomberg Intelligence Senior Municipal Bond Strategist, joins to discuss the latest on the muni bond market.
