Steve Sosnick of Interactive Brokers opens with the cleanest read anyone has given of the worst tech day since 2020: a group of investors who stopped worrying about return on capital and started worrying about return of it, and everybody crowded onto the same side of the boat at once. Then the October jobs report lands live on air at more than double the estimate, with unemployment ticking down to 4.1%. Diane Swonk of KPMG on why a strong print still does not feel strong, and Lyft’s David Risher on why self-driving cars are a gift rather than a threat.
Featuring
Steve Sosnick, Chief Strategist, Interactive Brokers
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Adam Shapiro, Yahoo Finance
Diane Swonk, Chief Economist, KPMG US
David Risher, Chief Executive Officer, Lyft
Timestamps
0:00 Shellshocked, and what actually caused it
5:01 The jobs report lands live
8:14 Inflation is the most regressive tax there is
17:48 Hedge funds are defending a high-water mark
23:36 Can this market absorb the Anthropic IPO
29:30 Break
34:54 Day three on data centers, and what would fix it
42:52 The Cybertruck and the thrown hammer
46:29 A beat is not enough any more
51:35 Lyft’s CEO on self-driving as a gift
#JobsReport #StockMarket #Lyft #The830 #YahooFinance
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