Squawk Pod 5 Things to Know Before the Opening Bell 10/1/2025
Oct 1, 2025
This discussion dives into the government's impact on employment data with the potential absence of the key jobs report. The withdrawal of economist E.J. Antoni's nomination pulses through financial circles, while Tesla raises lease prices post-tax credit expiration. Boeing's anticipated $120 million contract for bomb replacements in Iran marks a significant military contract. Meanwhile, Disney's tough stance leads to the removal of its characters from Character AI's platform, raising eyebrows in the tech and entertainment sectors.
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Jobs Report Likely Missing; Alternatives Matter
- The official September jobs report likely won't be released because of the D.C. government shutdown.
- Markets will lean on third-party data like ADP private payrolls to gauge employment instead.
Use ADP Data As A Temporary Employment Proxy
- Check ADP's private payrolls release for a proxy of September job gains.
- Treat third-party reports as more influential while official BLS numbers may be delayed.
BLS Nomination Pulled, Leadership Uncertain
- The White House withdrew E.J. Antoni's nomination to lead the Bureau of Labor Statistics.
- That creates more uncertainty about BLS leadership after prior public accusations about data handling.