AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Squawk on the Street
SOTS 2nd Hour: The Jobs Breakdown w/Chicago Fed President Goolsbee, Plus: Constellation Energy CEO 1/10/25
Jan 10, 2025
Austan Goolsbee, the President of the Chicago Fed, shares insights on sticky inflation and the implications for rate cuts, emphasizing the nuances of the current job market and consumer confidence. Joe Dominguez, CEO of Constellation Energy, discusses the major $19 billion acquisition of Calpine, highlighting its significance in a surging energy sector. They touch on the intertwining impact of rising treasury yields, challenges in productivity growth, and the ongoing wildfires affecting California.
49:07
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The recent jobs report showcased strong growth with 256,000 jobs added, reinforcing a stable labor market despite ongoing inflation concerns.
- The California wildfires present a significant humanitarian and economic crisis, with potential damages exceeding $20 billion and severe implications for housing.
Deep dives
Contemporary Challenges in the Stock Market
Current market conditions reveal significant pressure on stocks, particularly in the tech sector, which is facing a sell-off. The S&P 500 has dropped over 1%, while the Nasdaq experiences an even steeper decline of 1.8%. Rising treasury yields appear to correlate with a positive jobs report, which indicates a robust hiring environment but exacerbates concerns over inflation. The sell-off reflects investor apprehension about the impacts of these economic indicators on stock valuations.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode