Bloomberg Audio Studios, podcasts, radio news, single best idea on an extraordinary Thursday, David Gura emailed me, oh tennis last night. It was after the Detroit Tigers had won. I remember that clearly. But Gurra emailed me and he said, the newsflow is just extraordinary. And then when we were in the surveillance beauty rest it got more extraordinary. And we greeted Thursday, not even know where to begin, at seven am. Action out of China, the Swiss National Bank cutting interest
rates to defend their currency from too much appreciation. News out of Germany as well, and just all that was going on, and it all centers back to the US economy with GDP statistics today with PC edamor and we'll have that coverage for We were fortunate to have Drew Matis with us, with met life, with decades of experience here somewhat cautious on a certitude of a soft landing, cautious on the path to lower inflation. And I did what I would have done with Maury Harrison Drew Mattis
years ago at UBS. What's a single chart that matters. Here's Drew Mattis on the nexus of job openings with the unemployment rate.
What I consider to be the most interesting chart right now is the linkage between the job openings, unemployment ratio, and where wages go six months from that time. And when I look at that, we're actually hitting a part of that curve. If you draw it and put all the little dots and then you draw your little curve there, we're on the part of the curve that's the steepest.
And so a small change in that job opening is unemployment ratio, which is what we're seeing because unemployment's gone higher and job openings that come down means a pretty rapid deceleration in the rate of wage growth, and that should be good news for the FED. If there were about inflation, it does point to inflation going lower over time. That's why I'm not really worried about inflation in six months. But that doesn't mean inflation tomorrow. Couldn't be bad news for everybody.
Drue Madis at MetLife the story on the Mayor of New York and of course is a movable story by the time you hear single best idea of this story could be changed in many different ways, but the mayor of New York City Mayor Adams indicted last night in an unseiling of the indictment expected on this Thursday. As well. We are so advantaged to have great Bloomberg News coverage, Patricia Hurtado, I would shout out to particularly on this read Bloomberg News for detailed coverage of this tension of
a number of investigations. We are also advantage that Miles Miller is with us. He has served the Fire Department of New York in communications. He has done so much within local cover with NBC. Miles Miller are managing editor at Bloomberg Television. His perspective on Mayor Adam's future.
Well, they've got to figure out who is their commander, right. Mayor Adams came in with a mandate that he was a general and he was leading his troops, and so they're wondering what does this mean about our commissioner, What does this mean about promotions? What does this mean for us? So city operations will continue, and there is obviously a lot of secession if he is to step down. But for the people that day to day people who work in city government, their worries are what does this mean
for me? And will I continue to be work in the ways that like cops, can I continue to drive down crime? Will we still have the support of whomever is in office or you know, will we still have the support of the of the mayor if he's facing these charges.
Miles Miller on the coverage of the indictment of Mayor Adams of New York City and exceptionally busy Thursday, Friday, no letup as well with important inflation statistics. We're out. You can watch us rather I'll get the words out. You can watch us on YouTube. Subscribe to Bloomberg podcast that builds each in every day here to the end of the year. On Apple CarPlay, Android Auto, and of course it's serious XM as well in your commute across
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