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Friends! We begin the show with an extra-special interview I’m really excited for you all to hear - Ms. Rachel. We discuss her advocacy for children in Gaza and how she’s processing criticism. But also potty training! Was eager to have a full 3-dimensional chat with her. 📻

an incredibly important chart. study it. take 3.68 minutes. chart of the day.

We interviewed the Ms. Rachel on the show yesterday. Full interview here. Take a listen. wbur.org/hereandnow/202…

PERSONAL NEWS: After ~20 years as an economic journalist, I'm making an exciting switch. I started this week as chief economist Navy Federal Credit Union Navy Federal has a deep history of serving military members, veterans (including my father), and the middle class. I'm honored to join

CBO is out with its final cost estimate of the tax-and-spending bill passed by the House. - Revenue ⬇️ by $3.7 trillion over 10 years - Spending ⬇️ by $1.3 trillion - Debt ⬆️ by $2.4 trillion over 10 years - Uninsured pop. ⬆️ by 10.9 million in 2034 Full analysis:

This isn't good: "BLS is reducing sample in areas across the country. In April, BLS suspended CPI data collection entirely in Lincoln, NE, and Provo, UT. In June, BLS suspended collection entirely in Buffalo, NY." bls.gov/cpi/notices/20…

The slow decline of economic data... The Bureau of Labor Statistics said it's cutting some of its CPI data collections citing lack of resources: bls.gov/cpi/notices/20…

I love this essay in The New Yorker by the great Adelle Waldman … on Jane Austen’s least loved novel 📕 newyorker.com/culture/the-we…?

Caution sign: New jobless claims are ticking up. The numbers are still low, but there's an upward trend. This is key to watch. The main reason the US economy has been so resilient is 159.5 million people are still employed and getting paychecks. If that goes down, a downward

lol tesla investors are so funny. They bid the stock up because trump and Elon were close, bid it down because they were too close, bid it back up because Elon left the White House and—

Amazing. It's DOGE EAT DOGE in this administration. Tesla shares down 11% now.

This is becoming like a Medea level break-up

Women are just too emotional to hold a position with that much power, they said.

Elon Musk lasted 12 Scaramuccis. After some consideration and slightly rounding up which we do in order to be generous.

This is an "abundance of caution" economy. Companies outside healthcare and restaurants are hesitant to hire. Temporary help jobs are being slashed Professional/biz services aren't hiring Manufacturing is cutting jobs Even retail is shedding jobs The big picture: 2021:

One big caveat in the May jobs report = a big decline (-625,000) in the labor force. It appears many people suddenly left work and the labor force entirely. That's a bit odd. We'll have to see what the coming months show.

The big picture takeaway on May jobs report: 1) A recession does not look imminent 2) But...hiring has slowed down. 3) Only healthcare and hospitality are hiring much now 4) -49,200 federal gov't jobs shed since December 5) -95,000 down in job revisions for March & April This

Is Elon right about the Big Beautiful Bill and the debt? (Is it really so bad if the debt gets bigger?) my latest for Marketplace #ElonMusk #BigBeautifulBill #TrumpVsElon #Economy

Bars are complaining that young customers aren’t leaving tabs open like they used to, according to a recent New York Times story. Max Chafkin ([email protected]) and Stacey Vanek Smith explore this curious Gen Z behavior and whether it really has something to do with commitment issues

the bill that sparked the elon/trump feud? Stacey Vanek Smith and i made a whole podcast about it. bloomberg.com/news/articles/…