Bloomberg The Open 07/08/2022 The Jobs Report

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Jonathan Ferro highlights the market-moving news you need to know heading into the opening bell on Wall Street. US stocks dropped as a strong labor report cleared the path for the Federal Reserve to remain aggressive in its fight against inflation. BlackRock’s Rick Rieder and Mohamed El-Erian of Bloomberg Opinion lay out why 75bps is the new 50. US Secretary of Labor Marty Walsh reacted to the jobs report. Plus, SocGen’s Subadra Rajapppa and PGIM’s Michael Collins set up the outlook for yields.
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