Bloomberg Audio Studios, podcasts, radio news. The single best idea is a newsflow has been and on this Friday is extraordinary. At any given point you look at, say the Bloomberg launch pad, which is a layout of equities, bonds, currencies and commodities and blinking at a high rate of speed as the market reacts to all this newsflow. You find one statistic, But you can't do that. You have to look at two, three, four five statistics and synthesize in
the correlations or lack of correlations. So when I say, oils edging up ninety one ready to print ninety two up twenty six percent off of the friday before the beginning of the war, that's just one statistic. How did that do against fixed income bonds a ten year yield? How did that do against the stock market? Did the stock market bounce off oil? Did the stock market bounce off currency? With a blended dollar index? Getting right back to that strong dollar era, all those people certain of
week dollar really having a difficult week. Then all of this market comes back to market talk, comes back to economics. We had Claudias samwe Us today New Century Advisors. She saw a job's report that moved away from the optimism of thirty one days ago.
Clearly, these numbers from February are not in like you know, checking the box on signs of stabilization in the labor market, right, we're losing jobs and I don't ready ticked up. This is not a good sign. This actually sits pretty consistently, especially the last three months, with what we saw all of last year. The US economy last year created almost no jobs on net right, and at the same time because zuomer spending increased, business investment incre GDP rose for
the year on on trend right. It may we can talk about concentration, we can talk about what sectors it's in, but we have already been for a year in a jobless expansion. So unfortunately, what the February data, with this latest labor market data suggests is the still where we're at.
Claudia some new century advised. There's a lot of good voices today and wonderful set of conversations John Ferro and Michael McKee having good conversations with Governor Waller, with President Gouldsby of the Booth School Chicago, and of course John Ferroll speaking with Kevin Hasse to the White House trying to glean forward here with oil again, butterstup against ninety two. We spoke to Eric Vanastron of Lizard. Let's listen, the
market is trying to look through it. Even though these oil price moves look big, the stock market moves this week feel painful in the grand scheme of things. US equities are just at the bottom of the range they've been since October. Oil still off its heights from since the since the Ukrainian invasion. But I think that that relative sanguinity, that relative calm is out of line with the level of fundamental risks in the backdrop here. And that's why I think paying close attention to traffic in
the Gulf is going to be very important. Eric Phenostrian with us. Don't forget Bloomberg this weekend. They have a full schedule on Saturday. On Sunday beginning at seven am. On podcasts, We're out at Apple, We're out at Spotify, at YouTube podcasts. Its single best idea