cover of episode Closing Bell Overtime: Former PIMCO Chief Economist Paul McCulley On Weak Jobs Report; Goldman’s Tech Playbook 11/1/24

Closing Bell Overtime: Former PIMCO Chief Economist Paul McCulley On Weak Jobs Report; Goldman’s Tech Playbook 11/1/24

2024/11/1
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Closing Bell
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People
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Eric Sheridan
J
Joe Anderson
K
Kate Rooney
P
Paul McCulley
R
Ryan Detrick
S
Scott Wren
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Tim Chen
W
Whose A Asco
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Scott Wren：尽管股市近期上涨，但仍需谨慎，因为美联储降息幅度和通胀走势仍存在不确定性，未来可能会有更好的买入机会。他看好金融、工业和通信服务板块。 Whose A Asco：十月份的就业数据令人失望，但剔除天气和罢工因素后，就业增长放缓，同时生产力提高。强劲的销售增长和良好的盈利预期为美联储提供了解决通胀问题的空间。市场对通胀的误判以及政府债务上限、预算和选举等因素，给市场带来不确定性，但基本面仍然良好。 Scott Wren：盈利增长可能受到限制，因为GDP增长低于预期。权力平衡对市场有利，而一方的全面胜利则会带来风险。消费者信心上升，可能与汽油价格下降有关，但消费者行为与信心指标并不总是相符。

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Shownotes Transcript

Former PIMCO Chief Economist Paul McCulley talks what’s next for the Fed after the weak October jobs report—and why he says there should be 150 basis points more of cuts. Goldman Sachs managing director Eric Sheridan gives his tech playbook after six of the Magnificent 7 have reported earnings and what trends he is watching in next weeks reports. Plus, Cleveland-Cliffs CEO Lourenco Goncalves on the company’s just-closed acquisition of Canada-based Stelco, the 2024 election impact on the steel industry, and why he calls the United States “sick” due to tariffs and imports.