Ep. 21: There Will Be Blood - Oil, Jobs And Pizza Delivering Reindeer

Offbeat Wall Street

English - December 02, 2016 22:00 - 12 minutes - 10.9 MB - ★★★★★ - 2 ratings
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Previous Episode: Ep. 20: Bulworth - Shocking Election, Surprise Market Response

Next Episode: Ep. 22: European Vacation - The ECB, The Fed And Donut Whoppers For Hanukkah

This week, we focus on oil and jobs. But then we lose focus and talk about cord-cutting, an uber for laundry and pizza delivering reindeer.

The serios stuff first:

For the first time in about 8 years, OPEC has reached a deal to cut production. The move pushed oil prices up last week. We take a look at some of the details of the move.

Meanwhile, the government released its latest jobs report. The numbers were pretty ho-hum, but strong enough to keep the door open to a Federal Reserve rate hike later this month. We dig into the employment stats and look at what they mean for interest rates.

We also check in with the Fed. They released their latest econ overview last week. We've got details on that and take a look beyond the next Fed meeting.