Private payrolls growth slows to 152,000 in May, much less than expected, ADP says

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  • Опубліковано 4 чер 2024
  • CNBC’s Steve Liesman and ADP chief economist Nela Richardson join 'Squawk Box' to break down the May ADP employment report.

КОМЕНТАРІ • 70

  • @karenwilliams9653
    @karenwilliams9653 28 днів тому +308

    Don’t be fooled stocks are not the economy, I had 250k put aside waiting for the fed to stop raising rates. Now I want to get back into the markets, but the hike might continue and stocks will still climb, I’m confused on how to strategise and happy to discuss.

    • @zoebakker5211
      @zoebakker5211 28 днів тому +6

      The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.

    • @TonyRiley-qb7sw
      @TonyRiley-qb7sw 28 днів тому +8

      If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table

    • @richarddonald-gc9rb
      @richarddonald-gc9rb 28 днів тому +4

      Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days

    • @lisaMauer-sj5el
      @lisaMauer-sj5el 28 днів тому +1

      Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks

    • @richarddonald-gc9rb
      @richarddonald-gc9rb 28 днів тому +4

      I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi mrkt and fixed-income strategist in NY. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

  • @soniajames-tn4mp
    @soniajames-tn4mp Місяць тому +115

    Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

    • @rapp-in1mz
      @rapp-in1mz Місяць тому

      I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA!

    • @HenryKatty
      @HenryKatty Місяць тому

      Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

    • @soniajames-tn4mp
      @soniajames-tn4mp Місяць тому

      I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

    • @rapp-in1mz
      @rapp-in1mz Місяць тому

      "Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment..!

    • @soniajames-tn4mp
      @soniajames-tn4mp Місяць тому

      I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip"

  • @paulmarsilio7972
    @paulmarsilio7972 Місяць тому +12

    Steve Leisman has 100% mandate to cheerlead the economy - if only we knew his real thoughts on the slowing economy!

    • @LumenMichaelOne
      @LumenMichaelOne Місяць тому

      "if only we knew" ... Why?
      Why would you need to "only knew what his real thoughts are."? What would it possibly do for you? Do you think ANYBODY wants to know what your "real thoughts" are about anything?

    • @jordanslingluff287
      @jordanslingluff287 Місяць тому

      He's a Democrat and falls in line.

    • @Patrick-yh5yd
      @Patrick-yh5yd Місяць тому +1

      He said "LETS SEE WHAT HAPPENS"?

    • @erichvonmolder9310
      @erichvonmolder9310 Місяць тому

      @@LumenMichaelOne , Going down the rabbit hole of paranoia.

    • @michaeldeangelis9469
      @michaeldeangelis9469 Місяць тому +1

      Totally

  • @johnprinty6939
    @johnprinty6939 Місяць тому +6

    Inflation more important than avoiding recession. Recessions happen

  • @salomonquijada7144
    @salomonquijada7144 Місяць тому +7

    The spin is as funny as it is ridiculous

  • @YesCivic-R
    @YesCivic-R Місяць тому +2

    2 economies are happening, one goes up, the other goes down. When convergence together, like a musical chair, who will be left out?

  • @Vadim21989
    @Vadim21989 Місяць тому +4

    Per usual looking out for the asset holders, God forbid they lose value in their portfolio. How about you talk more about working Americans hurting in this economy and what can be done?!

  • @davewang2436
    @davewang2436 Місяць тому +5

    Is it another way to call FED to cut rates?

  • @Long_Tail_of_Finance
    @Long_Tail_of_Finance Місяць тому +1

    We're seeing that, at least in real estate, it cannot handle 5.25% fed funds.

  • @GaetanoCostanza
    @GaetanoCostanza Місяць тому +2

    What about thr D day comeration in Normandy today

  • @F510C
    @F510C Місяць тому +1

    I think we do need a recession, people are still over spending on cars, vacation and homes. When almost no one is going on vacation and cars are selling at invoice with 1.9 APR then you need we hit low point.

  • @johnchieze530
    @johnchieze530 Місяць тому

    may jobs # on friday will come in hot again. stox will rise moderatly while spot gold/silver will absolutely tank

  • @Pottsburg
    @Pottsburg Місяць тому

    Leisman has been toeing the line for Biden since day one.

  • @Alpacabowl98
    @Alpacabowl98 Місяць тому +1

    what happened to our friends eye?

  • @radearpurba3589
    @radearpurba3589 Місяць тому

    I think this year we will see truth information about some brilliant policies from the leaders of state decision that have been made 2 years ago. And my question is Who is the smart people have made those policies ?
    1. 2% of Inflation target
    2. 2% of country's GDP for Ukraine and NATO
    🤔🤫🤝💌💰💰🤤🤤🍰🍦👨🏼‍💻🙏🏻

  • @lesliehatun2044
    @lesliehatun2044 Місяць тому

    The economy is steady with the exception of manufacturing. America grows cotton but doesn't manufacture underwear. It's summer ☀️ and the construction of homes and infrastructure is up. If the economy can get to a 5% interest rate or 4% for home buyers, those of us with less income can buy. Why do we have to have a semi decline in our economy first to lower rates? Forcing the economy towards a recession doesn't work. The companies overcharging Americans are the problem.

    • @SaltwaterRebellion
      @SaltwaterRebellion Місяць тому +2

      You are delusional! Haha Construction is down over 40% across the country as of last month and manufacturing has been steadily laying off for the last 18 months! I don't know where you're getting your stats and confidence here, but it's a fantasy, bud.

  • @christiancoronado
    @christiancoronado Місяць тому

    Leisman is not Powell, thank God!

  • @LumenMichaelOne
    @LumenMichaelOne Місяць тому

    4:08 ... Ooh joewee - joewee -joewee ... 🤦
    Joewee ... 🗣 ... "Squaaaaawk!"
    😑

  • @goldstandardaviation1667
    @goldstandardaviation1667 Місяць тому

    My small business is booming.

  • @gymdoc7549
    @gymdoc7549 Місяць тому

    Rate cuts coming 🎊 ❤🎉

  • @mattm9961
    @mattm9961 Місяць тому

    These people are professional liars

  • @BrandonClark-StocksPassports
    @BrandonClark-StocksPassports Місяць тому +4

    Fed will cut rates in July

  • @erichvonmolder9310
    @erichvonmolder9310 Місяць тому +1

    Is it realistic to get 2% inflation without causing a recession, who knows. Maybe 2% inflation is a pipe dream, which affects Powell's (FEDs) credibility. The pandemic changed a lot of things that cannot be put on a business report.

  • @greensandbeansgaming1358
    @greensandbeansgaming1358 Місяць тому +3

    Roll back the employment incomes to before the days of fight for $15, roll back the China tariffs, roll back property prices because property tax is in everything, even that sandwich from the grocery store, then you might see inflation go down.

    • @meriliu8688
      @meriliu8688 Місяць тому +1

      Do you think the price would roll back too? 😂

    • @stevep927
      @stevep927 Місяць тому

      Biden just announced two weeks ago he is increasing Chinese tariffs not to mention Chinese tariffs don't cause less jobs in the US

    • @erichvonmolder9310
      @erichvonmolder9310 Місяць тому

      @@meriliu8688 , That is true.

    • @erichvonmolder9310
      @erichvonmolder9310 Місяць тому

      How would one roll back incomes? There is a limited aging work force and people want stuff, you got to pay them to keep them. It also appears China tariffs are here to stay, so that won't go away. Tell the top people at these corporations to take a pay cut, why should regular people take a pay cut? What's fair is fair.

    • @greensandbeansgaming1358
      @greensandbeansgaming1358 Місяць тому

      @meriliu8688 The competition for customers would bring it back down.

  • @aconsideredmoment
    @aconsideredmoment Місяць тому +1

    CNBC can do much better than Joe K.

  • @gregorykruszynski5886
    @gregorykruszynski5886 Місяць тому +3

    So the slow economy is slowing down, some news