Tech Stocks Lead Selloff Amid Strong Jobs Report | Bloomberg Businessweek Daily 6/5/2026
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Today, Mike Mckee and Ira Jersey break down a strong May jobs report, as the US ads 172,000 jobs in the last month. Then, Goldman Sachs partner John Flood joins Natalia Kniazhevich to discuss the market outlook as tech stocks lead a major selloff. Plus, Dan Arnold, SVP of national operations at Protos Security, and Bloomberg's Vanessa Perdomo-Maglione talk security challenges of the upcoming World Cup and how US cities are preparing to deal with millions of fans flooding into town. Chapters: 00:00:00 - Bloomberg Businessweek Daily 00:01:41 - World Cup Poses Unique Security Challenges for US Cities 00:05:00 - US Hiring Surged in May, Boosting Fed Rates Hike Bets 00:06:42 - US Employers Added 172,000 Jobs in May 00:13:45 - Us May Unemployment Rate 4.3%; Est, 4.3% 00:14:38 - Short-End Rates Demand to Stay Robust with Fed on Sidelines 00:21:16 - Meta Weighs Raising Tens of Billions in New Shares Sale: FT 00:24:50 - S&P 500 Pain Deepens as Tech Bets Lose Momentum 00:28:24 - US Hiring Surged in May, Boosting Fed Rates Hike Bets 00:30:14 - Stocks and Bonds Fall as Jobs Fuel Fed-Hike Bets 00:35:15 - World Cup Poses Unique Challenges for US Cities 00:38:53 - Millions of Soccer Fans to Flood into US Cities Amid World Cup 00:39:53 - Security Logistics at Forefront of World Cup Planning 00:41:46 - Mamdani, Hochul Outline World Cup Travel Plans -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
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