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Strong Payrolls Fuel Fed Hike Bets | Bloomberg Businessweek Daily 9/4/2026
A stronger-than-anticipated increase in US jobs drove stocks and short-dated bonds lower, with traders boosting their bets the Federal Reserve will raise rates this month. While analysts expect the September Fed decision will hinge on next week’s inflation data, swap contracts priced in an over 50% chance of a hike. Anna Wong, Chief US Economist at Bloomberg Economics, and Constance Hunter, Chief Economist and Head of Research at Economist Enterprise, join to discuss. Plus, Bloomberg News White House & Washington Correspondent Jeff Mason discusses President Trump's reaction to the payrolls report and his announcement that he will allow ranchers to process their own beef. Finally, Poonam Goyal, Bloomberg Intelligence Senior Analyst for E-Commerce and Retail, breaks down Lululemon's weaker-than-expected earnings report, with shares of the athleisure company falling close to 19% to their lowest level since May 2018.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:17 Market Update: Stocks Fall After Jobs Data
00:04:27 August Jobs Report & Labor Market Strength
00:07:07 What the Jobs Report Means for the Fed
00:09:23 September Rate Decision Remains a Coin Toss
00:12:12 Immigration & Labor Supply
00:14:56 Reliability of U.S. Economic Data
00:17:50 CPI, PPI & the Inflation Outlook
00:19:01 Trump Moves to Let Ranchers Process Their Own Beef
00:21:31 Jobs Report, Inflation & Fed Independence
00:22:22 White House on Beef Prices & the Midterms
00:24:16 Trump Pressures the Fed to Lower Rates
00:25:11 Kevin Warsh Faces White House Pressure
00:27:07 Venezuela Oil Deal & U.S. Energy Prices
00:28:37 White House Sends Mixed Messages on Iran
00:31:27 Trump's Midterm Convention in Texas
00:34:19 Lululemon's Turnaround Challenge
00:35:29 Changing Fashion Trends Hit Lululemon
00:37:03 Lululemon Searches for Its Identity
00:39:14 Can New Leadership Rebuild the Brand?
00:41:02 Lululemon's China Growth Slows
00:43:05 Stock Movers: Lululemon & Adobe
00:45:38 FICO Falls on Credit Score Reform Push
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Published Sep 4, 2026