Bloomberg Intelligence Stocks Rise as Jobs Surprise Spurs Treasury Losses
6 snips
Jun 6, 2025 
Max Chafkin, a Senior Reporter at Bloomberg Businessweek and Co-Host of the Elon Inc Podcast, dives into the dramatic fallout between Elon Musk and Donald Trump. He unpacks how their public spat unfolded amidst Musk's dwindling net worth and the impact on Tesla's stock. The discussion also touches on the implications for investor sentiment and speculates on Tesla's potential resilience without Musk. The intertwining of social media dynamics and market reactions provides a thrilling glimpse into the current financial landscape.
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Weakening Labor Market Insight
- The May jobs report shows a weakening labor market despite better-than-expected overall growth.
- Growth concentrates in restaurants and healthcare, while other sectors stay flat or decline.
Q3 Growth Pressures and Yields
- Tariffs will gradually pressure corporate payroll and growth in Q3 as firms assess costs and inventory decisions.
- Treasury borrowing will increase post debt ceiling lift, pushing yields higher with less demand support.
Trump-Musk Spat and SpaceX's Importance
- Elon Musk lost influence in his public spat with Donald Trump, damaging Tesla's stock and his net worth.
- Despite Musk's threats, US government reliance on SpaceX makes nationalization discussions possible.