Strong jobs, a broken AI trade, and a panel that thinks both are fine | Market Hang

The October payroll print came in at 165,000 against forecasts near 59,000. An economist on the panel says that is more than the labor market needs, that unemployment in the low fours is full employment, and that inflation is still running ahead of wages. He argues AI will not show up in the productivity data for another three to five years, and that this week's correction was healthy. He has two data centers going up within an hour of his house in Austin, and says the backlash is overstated. A Politico reporter on what a divided Congress can pass. The panel also takes on congressional stock trading and prediction markets. Market Hang is live weekdays 12:30-1:30pm ET on Yahoo Finance. Timestamps 0:00 The tape at 8:29, and a September bet nobody wants replayed 1:13 What it actually takes to stabilize the labor market 2:23 Full employment, and the inflation that outruns it 3:30 The jobs number was a surprise, and the economy is still holding up 4:57 Are fewer jobs better for the market now 7:05 The tech sector over-hired, and is still right-sizing 9:14 An economist on what the tech industry has been promising 10:19 Nobody on this panel was selling yesterday 11:28 The biggest growth story of three years closed down on the year 12:36 The weighted average cost of capital is back 14:39 Can a ten trillion dollar estimate possibly land 16:02 A railroad boom, one third larger 18:00 The announcements that carried on regardless 19:31 Rotating capital out of one concentrated trade 20:40 An industry asked to be regulated and the government declined 23:00 How this could end 25:38 Two data centers an hour from my house 26:45 What the locals actually want 28:55 Is there a way to make money from more regulation 30:24 Can a divided Congress pass anything 31:30 The budget route, and a very broad coalition 32:40 Does the president care more about legacy than 2028 35:30 The two issues the exit polls put on top 37:20 Are the politicians even watching the market 38:46 Is it in the market's interest that corruption gets dealt with 40:25 The rule that was proposed in 2012 and never passed 41:35 Can anything sweeping actually get done 43:11 The biggest political realignment since 1974 44:31 Does the rulebook apply at a certain level of wealth 47:03 Should forecasters worry about prediction markets 49:30 A backlash that is already building 51:50 What the platforms knew, and when 53:02 Does the AI listing happen by the end of the year 55:38 One panelist thinks it happens, and lands nowhere near #JobsReport #AISelloff #PredictionMarkets #MarketHang #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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