says that despite the weaker-than-expected report,"things are looking good for the soft landing scenario that the Fed has been aiming for."This is Yahoo Finance's flagship show the Morning Brief Stock Futures.You're looking at gains across the major indices with the S and P up two 10 of a percent of 5, 10 of a percent that comes after private payrolls growth showed signs of slowing in the month of May.
Uh A few interesting nuggets within this report and one of them is where job changers, those who are looking to perhaps make a hop, get a higher pay grade and perhaps be able to outpace inflation there.Essentially in the median change in annual pay there.So that one of the interesting nuggets that uh we were able to pull out from this report and that is what so many of the guests have come on.
Ad P has not been very useful in forecasting the monthly payroll prints, which is what will really move the market overall. And then on the other end you get a pulse on the consumer and where they might actually be spending into and companies on the manufacturing side saying, ok, we're actually going to perhaps not be as aggressive in our own production as we have needed to in the past because of where consumers are prioritizing their purchases.
This is, is this softness in the data, the sign of something nefarious or is it just the softening that we were all kind of hoping for, to cool off the economy just enough for the fed to get its goldilocks wishes to come true.So things are looking good for the soft landing scenario that the FED has been aiming for.
But there's a real question as to whether those rate cuts will start in time to make it a soft landing rather than something of a, you know, more serious downturn. And so that has built up a commercial business and could be the reason why Google is looking at her or brought her on board. So she was really shoved into this role mid pandemic at a time where Lily was really top of mind for treatments.And then, uh, at the same time, that's when the GOP one boom really started.
Uh, but it's still something that's available and they say they'll have it to billions of people by the end of the year, that's gonna take a lot of resources.And that's certainly something really important to watch when it comes to the Capex piece in particular. Uh This is uh also part of an A I uh server that's, that's, you know, instead of having to deal with hyper scalar companies can purchase a kind of GP TE server for their own use on Prem on Prem just means on premises because everything in tech needs a fancy phrase uh on premises just means that your data stays local.
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