Wall Street Week

This week, global and business leaders gathered in New Delhi for the Bloomberg New Economy Forum to discuss how the world is redrawing supply chains and investment plans in the face of geopolitical risks. And, in her new book former Canadian deputy prime minister Chrystia Freeland and Former Treasury Secretary Yellen say that the US needs stronger economic ties with its allies. Plus, can storage technologies rescue battery factories built in the hopes of stronger EV adoption? Later, as inflation picks up in the US, the heartland feels the effects more severely.
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This week, Ford, JPMorgan and the state of Michigan team up to help domestic manufacturers turn new technology into factories and supply chains. And, hyperscalers and data centers are borrowing hundreds of billions of dollars to finance AI infrastructure, transforming the corporate bond market. Plus, can baby bonds actually narrow America’s wealth gap? Later, Alberta’s Grassy Mountain project has become a test of whether Canada can expand resource exports without reigniting old environmental conflicts.
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This week, National Economic Council Director Kevin Hassett says AI’s productivity boost may be much larger than official economic data currently indicate. And, AI companies are largely in agreement that the technology needs guardrails, but the ethical implications of AI could also create new opportunities for liberal arts education. Plus, America is rebuilding a critical minerals supply chain after decades of Chinese dominance. Later, America’s shrinking college-age population is forcing universities to compete for fewer students.
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The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs.
Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists.
The unemployment rate rose to 4.2%, partly reflecting a growing workforce.
Bloomberg’s Tom Keene and Paul Sweeney get reaction from:
Claudia Sahm, Chief Economist at New Century Advisors
Rebecca Patterson, Senior Fellow at Council on Foreign Relations
Kristina Campmany, Senior Portfolio Manager at Invesco
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This week, Council on Foreign Relations President Michael Froman breaks down China's export machine, why twenty years of US pressure hasn't worked, and what happens next. And, can a $100 billion Micron factory transform Syracuse from a Rust Belt cautionary tale into a potential model for American reindustrialization? Plus, a bridge named for a hockey legend was meant to strengthen the supply chain between the US and Canada, but the neighbors can’t agree on their trade relationship. Later, with 760,000 care aide openings expected every year in the US and a $400 billion long-term care bill, humanoid robots are an early bet on technology filling the care gap.
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