Neil Dutta, Ira Jersey, Julia Pollak, and Claudia Sahm discuss the robust US job report with 303,000 added jobs, growth trends, Federal Reserve policy impacts, and immigrant contributions to the economy. They delve into market reactions, wage trends, and labor market dynamics, highlighting the significance of addressing structural job issues for economic productivity.
Inflation has caused a 36.5% increase in grocery list costs since 2019, prompting shoppers to cut $37 worth of items.
Young investors are turning to retailers like Costco for affordable gold bars as gold prices reach record highs.
Deep dives
Inflation Impact on Grocery Shopping
The Wall Street Journal analyzed Nielsen IQ data revealing that a grocery list that cost $100 in 2019 now costs 36.5% more due to inflation. Items like eggs and sports drinks have surged about 40%, prompting shoppers to remove $37 worth of items to stay within the same budget.
Gold Rush at Costco
As gold prices hit record highs, young investors are turning to retailers like Costco for gold bars. These gold bars, sold online and in select stores, are priced lower than at other retailers. The younger generation finds Costco's prices for precious metals attractive, with some limits placed on the quantity of bars individuals can purchase.
Four Seasons All-Inclusive Yacht Trips
The Four Seasons will debut a luxurious 95-suite yacht in 2026, offering seven nights in the Caribbean at prices ranging from $20,000 to $330,000 per suite. These all-inclusive trips highlight smaller passenger capacity, with only 222 guests accommodated, promising a more spacious and exclusive experience.
Photographing the Total Solar Eclipse
To capture the perfect selfie during a total solar eclipse, experts recommend wearing red or green outfits to stand out against the darkened sky. However, photographing eclipses can be risky due to harmful UV rays. It is crucial to wear solar eclipse glasses to protect the eyes and verify the authenticity of purchased glasses to prevent any damage.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyApril 5th, 2024 Featuring:
Neil Dutta, Partner and Head of US Economic Research at Renaissance Macro Research, and Ira Jersey, Bloomberg Intelligence Rates strategist, with reaction to the March jobs report
Julia Pollak, Chief Economist at ZipRecruiter, joins to break down the jobs numbers
Claudia Sahm, Bloomberg Opinion Contributor and CEO at Sahm Consulting, on the economic picture post jobs numbers and Opinion piece on part-time work
Bloomberg's Lisa Mateo with her Newspaper Headlines