Job Growth Rises while Labor Force Shrinks, Mike Novogratz; “We are not going to get a soft landing.” 5/06/22

April’s job growth was strong and wage gains were solid, yet for some reason fewer Americans were working or looking for jobs than in March. Saira Malik, chief investment officer for Nuveen, Nela Richardson, chief economist at ADP, Austan Goolsbee, former CEA chairman and Booth School of Business professor, and Georgetown University’s Nada Eissa react to the better-than-expected April jobs report. Peloton is targeting potential investors, including industry players and private equity firms, to take a stake in its business of around 15% to 20% according to The Wall Street Journal. Galaxy Digital CEO Mike Novogratz discussed the recent market sell-off, and the future of crypto. Plus, Boeing exits Chicago and Spotify makes a $50 Million investment after shares hit a record low.

In this episode:
Mike Novogratz, @novogratz
Nela Richardson, @NelaRichardson
Austan Goolsbee, @Austan_Goolsbee
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie