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Torsten Slok of Apollo Global Management asserts there is zero evidence of job losses occurring because of AI.
The initial buildout phase of AI infrastructure is expected to be inflationary due to rising costs for semiconductors, energy, data center construction labor, and equipment.
Peter Cherb Academy predicts that 10-year Treasury yields are more likely to reach 5% before they fall to 4%.
The biggest threat to the AI data center expansion in the US is political risk from politicians capitalizing on negative public sentiment regarding electricity usage or job displacement.
According to a note from Ed Alhussaini of Columbia Threadneedle, markets have repriced the Federal Reserve's terminal rate by just under 100 basis points over the past two months.
NVIDIA CEO Jensen Huang believes that concerns regarding the impact of AI on the workforce are overstated.
Torsten Slok of Apollo Global Management predicts that the Nonfarm Payrolls report for May could significantly exceed the expected figure of around 90,000 jobs.
According to Census Bureau data, the number of new businesses created each week is increasing dramatically.
Data from Stripe indicates that the number of solo founders starting new businesses is rising sharply.
ADP's weekly jobs report has shown gains of 30,000 to 40,000 jobs every week for the last eight weeks.
The unemployment rate for people aged 20 to 24 has decreased over the last six months.
Peter Cherb Academy predicts that the theme of 'higher for longer' energy prices will increasingly be priced into markets, pushing inflation expectations and bond yields higher.