Bank of America Economist on What’s Next for the Labor Market | WSJ's Take On the Week

On WSJ’s Take On the Week, co-host Telis Demos and guest co-host Miriam Gottfried dive into the impending 25 percent tariffs that are set to be placed on global automotive imports to the U.S. Then, we explore what the bond market tells us and what a decrease in the U.S. Treasury yields means for investors. Plus, is the IPO market buzzing? Provider of specialized cloud-computing services, CoreWeave, is the latest company to debut for trading. With companies like StubHub, eToro, and Klarna also announcing public offerings, does this mean more deals are on the horizon?

Later on the show, Telis and Miriam discuss what we can expect from the forthcoming jobs report and how it will offer a big clue to where the economy is heading with Aditya Bhave, a senior U.S. economist for Bank of America's investment banking arm BofA Securities. Bhave shares his take on why concerns of stagflation may be "overstated" and why there’s no margin for error on the Federal Reserve’s inflation mandate.

Chapters:
0:00 Introduction of this week’s guest
1:10 President Trump’s tariff policy
4:45 CoreWeave goes public
6:05 Recession
8:45 Aditya Bhave joins the show
11:15 Aditya shares his take on if the Fed cuts rates
13:05 Are we entering stagflation?
15:30 Trump polices and the job market
17:00 Impact of latest immigration policies
19:10 Part-time and gig workers role in the economy
20:15 Inflation vs. rising wages
22:50 The unemployment rate

This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.

Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at [email protected].

To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com