Hassett Calls the Feb. Jobs Report Loss an 'Outlier'
White House National Economic Council Director Kevin Hassett says the February jobs report is an "outlier." He says bad weather impacted the numbers. Nonfarm payrolls fell by 92,000.
White House National Economic Council Director Kevin Hassett says the February jobs report is an "outlier." He says bad weather impacted the numbers. Nonfarm payrolls fell by 92,000.
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says that when faced with the tradeoff between a short-term inflation shock like the surge in oil prices and a more sustained downward movement in payrolls the Federal Reserve will err on the side of the latter. He speaks on "Bloomberg Surveillance."
Rick Rieder, CIO of global fixed income at BlackRock, says "the economy and employment are quite different conditions," as he reacts to the February jobs report and explains why he still sees 2.5% - 3% US economic growth in the first quarter.
Nonfarm payrolls dropped by 92,000, analysts expected a gain of 55,000. The unemployment rate climbed to 4.4%. Bloomberg's Michael McKee reports.
Adial Pharmaceuticals (NASDAQ:ADIL) reported a significant reduction in annual net losses for 2025, as the clinical-stage biotech firm secures FDA alignment and strategic partnerships to transition its lead alcohol-use disorder candidate into Phase 3 trials.
Federal Reserve Governor Christopher Waller discusses the potential inflationary impact of war with Iran, US payrolls, ongoing risks from tariffs, and his view of private credit markets.
The US-Israeli war has left at least 1,332 people dead in Iran so far, and dozens of others have been killed elsewhere in the region in retaliatory strikes. The Pentagon said six US troops have been killed, all in the first two days of fighting. President Donald Trump said the US continues to "totally demolish" Iranian forces, telling NBC he wanted to "clean out" Iran's leadership structure and he had names in mind to take over. Cathy Ashton - who was the EU's first high representative on foreign affairs from 2009-2014, and a key negotiator of the previous Iran nuclear deal known as the JC-POA Stephen Carroll and Lizzy Burden on Bloomberg radio to discuss the conflict and what might come next.
Federal Reserve Governor Christopher Waller discusses the potential inflationary impact of war with Iran, saying "this is why we never look at energy prices." Waller views the shock in oil prices as "more like a one-off event," than what was seen by markets in the 1970's.
Daan Struyven, global commodities research co-head at Goldman Sachs, discusses risks to oil supplies from the war with Iran and disruption at the Strait of Hormuz.
United Against Nuclear Iran's Director of IRGC Research, Kasra Aarabi joins Bloomberg's The Opening Trade to discuss succession in Iran, after Supreme Leader Ali Khamenei was killed in the US-Israeli war. Aarabi says Iran's "invisible" state, the office of the Supreme Leader along with the Islamic Revolutionary Guard Corps, are working behind the scenes to ensure there is no power vacuum in Iran. Aarabi says in order for ordinary Iranians to take charge of their country, this IRGC apparatus must be dismantled.
Stuart Kaiser, head of equity trading strategy at Citi, examines how equity markets have fared during the first days of the war with Iran.
Oil continues to surge with shipping through the Strait of Hormuz at a near-total halt as the war in the Middle East unleashes a wave of disruption across energy markets. Will Kennedy reports on Bloomberg Television.