Tech Stocks Lead Selloff Amid Strong Jobs Report | Bloomberg Businessweek Daily 6/5/2026

About this video

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