Brought to you by:
Top stories today:
- Fed minutes suggest โlikelyโ 25 bps rate cut in Sep.
- U.S. job market sees largest markdown since 2009
- Anthropicโs Claude crosses $1M gross app revenue in 16 weeks
- Crypto companies spend 48% of all corporate money in 2024 election
- U.S. consumer electronics startups see slowest fundraising in decade
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Fed minutes suggest โlikelyโ 25 bps rate cut in Sep.
โSeveralโ officials supported a 25-basis-point reduction in the target range.
โVast majorityโ favored โ[easing] policy at the next meeting.โ
2. U.S. job market sees largest markdown since 2009
818K fewer jobs in the 12 months ending in March.
Average employment growth: down from 242K from to 174K.
Final figures are due early next year.
Data was initially delayed, but 3 banks called BLS and get the numbers directly.
Trump accused the government of โfraudulently manipulating Job Statistics.โ
Leadership challenges are universal. Whether itโs seeking advice or needing support, the right answers arenโt always within reach.
Experience transformative growth with Sidebarโ93% of our members report significant professional impact, fueled by our exclusive network of leaders from FAANG companies, and innovative startups like Gusto and Canva.
Benefit from our precision matching to a curated group of peers and the expertise of world-class facilitators in every small group session.
Members say itโs like having a Personal Board of Directors.
*Sponsored.
