@luminousqusar
December 04, Thursday
Top-Level Voices:
U.S. November ADP "small non-farm" employment data showed private-sector jobs fell by 32,000 in November, the largest decline since March 2023 and far worse than the market expectation of a 10,000 increase.
Overall Sentiment:
According to Politico, the U.S. Commerce Secretary has recently met multiple times with executives from robotics companies and expressed "full support" for accelerating the industry's development. Insiders revealed that the Trump administration is considering issuing an executive order on robotics next year. Stimulated by this news, U.S. stocks continued to rise, with Tesla leading the gains.
The Trump administration is also discussing that if Kevin Hassett is appointed as the next Fed Chair, the vacant position of White House National Economic Council Director might be taken concurrently by Scott Bessent.
U.S. stocks continue to climb under the sustained push from the Trump administration.
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