06-03-2023: NFP Shocks Economists, VW Brings Back the Bus

Jun 3, 2023

01:04:11

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This week in the China Shop, a blowout jobs report shocks economists, but they still predict no rate hike in June, and a shutdown of the west coast ports has Dan worried about the health of the supply chain. In Stock News, VW brings back an electric version of the beloved bus and it looks like Ryan Cohen gets the last laugh as Buy Buy Baby draw interest during BBBY's bankruptcy. Over in the Crypto Corner, Republicans try to define crypto roles for US regulators and Musk gets accused of insider trading... Its the last week of the month and time to find out if Dan's decision to risk it all paid off in May's bet results...

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Links:

May Jobs Report Summary

Jobs Report Shocks Economists

One Day T-bill Auction?

West Coast Ports Shut After Union Workers Walk Off

Volkswagen Brings Back the VW Bus

Dollar Stores Hurting as Consumers Get More Cautious

TGT Loses $4B in Less Than a Week

Buy Buy Baby Draws Sale Interest Amid BBBY Bankruptcy

US Regulator Warns Not to Store Cash in Payment Apps