A stronger-than-anticipated increase in US jobs drove stocks and short-dated bonds lower, with traders boosting their bets the Federal Reserve will raise rates this month. While analysts expect the September Fed decision will hinge on next week’s inflation data, swap contracts priced in an over 50% chance of a hike. Anna Wong, Chief US Economist at Bloomberg Economics, and Constance Hunter, Chief Economist and Head of Research at Economist Enterprise, join to discuss. Plus, Bloomberg News White House & Washington Correspondent Jeff Mason discusses President Trump's reaction to the payrolls report and his announcement that he will allow ranchers to process their own beef.  Finally, Poonam Goyal, Bloomberg Intelligence Senior Analyst for E-Commerce and Retail, breaks down Lululemon's weaker-than-expected earnings report, with shares of the athleisure company falling close to 19% to their lowest level since May 2018. Chapters 00:00:00 Bloomberg Businessweek Daily 00:02:17 Market Update: Stocks Fall After Jobs Data 00:04:27 August Jobs Report & Labor Market Strength 00:07:07 What the Jobs Report Means for the Fed 00:09:23 September Rate Decision Remains a Coin Toss 00:12:12 Immigration & Labor Supply 00:14:56 Reliability of U.S. Economic Data 00:17:50 CPI, PPI & the Inflation Outlook 00:19:01 Trump Moves to Let Ranchers Process Their Own Beef 00:21:31 Jobs Report, Inflation & Fed Independence 00:22:22 White House on Beef Prices & the Midterms 00:24:16 Trump Pressures the Fed to Lower Rates 00:25:11 Kevin Warsh Faces White House Pressure 00:27:07 Venezuela Oil Deal & U.S. Energy Prices 00:28:37 White House Sends Mixed Messages on Iran 00:31:27 Trump's Midterm Convention in Texas 00:34:19 Lululemon's Turnaround Challenge 00:35:29 Changing Fashion Trends Hit Lululemon 00:37:03 Lululemon Searches for Its Identity 00:39:14 Can New Leadership Rebuild the Brand? 00:41:02 Lululemon's China Growth Slows 00:43:05 Stock Movers: Lululemon & Adobe 00:45:38 FICO Falls on Credit Score Reform Push -------- 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