Keep pulling the thread on Bloomberg Economics.
The U.S. economy added 172,000 nonfarm payroll jobs in May, more than double the consensus expectation of 80,000 jobs.
Stuart Paul of Bloomberg Economics believes that rising long-term interest rates are tightening financial conditions, which does some of the Federal Reserve's work for it and allows the central bank to be more patient on policy.
President Trump appointed Bill Pulte as the acting Director of National Intelligence, a position that does not require Senate confirmation.
President Trump told The Wall Street Journal that he wants acting Director of National Intelligence Bill Pulte to fire people and reduce the size of the U.S. intelligence community.
A procedural vote in the U.S. Senate to advance an extension of Section 702 of the Foreign Intelligence Surveillance Act (FISA) failed due to bipartisan concerns that acting DNI Bill Pulte could abuse the powers.
Jeannie Shandzaino believes President Trump's intention for appointing Bill Pulte as acting DNI is to oversee the midterm elections and help the president "cry foul and interference" if the Republican party does not win.
The U.S. Senate passed a reconciliation plan by a vote of 52-47, which includes over $70 billion for ICE and Customs and Border Protection.
Elon Musk has reserved approximately 30% of the upcoming SpaceX IPO's float for retail investors.
Christopher Smart argued in a New York Times op-ed that the world is learning to live without seaborne exports from the Persian Gulf.
Christopher Smart predicts that the world will no longer rely on the Persian Gulf for 20% of its oil supply and will increasingly look to other producers.
The U.S. unemployment rate held steady at 4.3% in May.
Stuart Paul of Bloomberg Economics asserts that current U.S. hiring is concentrated in only two industries: healthcare and leisure & hospitality.