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Julia Louis-Dreyfus lifts lid on ‘Seinfeld’ set ‘friction’: We did ‘butt heads’

NY Post
1 month 1 week ago
The 65-year-old actress looked back on her time filming the beloved show during Tuesday's episode of the "Friends Keep Secrets" podcast.
mliss1578

Julia Louis-Dreyfus lifts lid on ‘Seinfeld’ set ‘friction’: We did ‘butt heads’

NY Post
1 month 1 week ago
The 65-year-old actress looked back on her time filming the beloved show during Tuesday's episode of the "Friends Keep Secrets" podcast.
Riley Cardoza

Gen Z has lost this crucial driving skill that Boomers learned early – ‘It takes more brain power’

NY Post
1 month 1 week ago
Recent research shows that this once ubiquitous ability is increasingly being phased out.
Reda Wigle

Fall TV preview: ‘Brothers,’ ‘Pride and Prejudice’ and 12 other new must-watch shows

NY Post
1 month 1 week ago
Fall TV is filled with comedies, thrillers, and splashy period pieces, starring A-listers like Jon Hamm, Rose Byrne, and Matthew McConaughey.
mliss1578

Fall TV preview: ‘Brothers,’ ‘Pride and Prejudice’ and 12 other new must-watch shows

NY Post
1 month 1 week ago
Fall TV is filled with comedies, thrillers, and splashy period pieces, starring A-listers like Jon Hamm, Rose Byrne, and Matthew McConaughey.
Lauren Sarner

New In-N-Out opens Friday — part of Southern California’s $1B outdoor mega project bigger than Central Park

NY Post
1 month 1 week ago
Irvine is getting a fresh Double-Double — and the wait is finally over. In-N-Out is opening its eagerly awaited drive-thru in Irvine Friday, Sept. 4, bringing its burgers, fries and famously devoted following to the massive Great Park development. The new restaurant at 7900 Great Park Blvd. is part of the first phase of The...
Pierce Sharpe

USC football seeks better showing in Game 2: ‘Clean up some stuff’

NY Post
1 month 1 week ago
While the size of the crowd that shows up to watch No. 14 USC (1–0) face Fresno State (0–0) is largely out of the Trojans’ control, they can dictate whether the show on the field is more worthwhile.
Ben Bolch

2026 NFL predictions: De’Zhaun Stribling will run away with Offensive Rookie of the Year

NY Post
1 month 1 week ago
De’Zhaun Stribling has been of the trendiest standouts of the preseason heading into Week 1.
Dylan Svoboda

The tragic Times Square stabbing: Letters to the Editor — Sept. 5, 2026

NY Post
1 month 1 week ago
Post readers discuss the woman shot dead by cops in Times Square after stabbing two, including a new mom who died, and John Galliano dropping out of the Met Gala amid backlash over his antisemitism.
Post readers

Fanatics Sportsbook promo code NYPOST26: Get up to $1,000 matched in FanCash for US Open matches

NY Post
1 month 1 week ago
Get up to $1,000 matched in FanCash for the US Open using Fanatics Sportsbook promo code NYPOST26.
Malik Smith

Pablo Torre teases another billionaire bombshell after Clippers reckoning

NY Post
1 month 1 week ago
Pablo Torre is dropping clues about his next investigation — but not enough to reveal exactly where it is headed. The Pulitzer-winning journalist teased a new project Thursday with a simple post on X: “New investigation. Tomorrow.” The attached image supplied the intrigue. Pablo Torre teased a new investigation with a cryptic photo as questions...
Ryan Anderson

Jackson Olson gets quizzed on ‘DWTS,’ partner Emma Slater, Taylor Swift, Savannah Bananas, more | Shaken Not Stirred

NY Post
1 month 1 week ago
Jackson Olson is trading in his baseball cleats for dancing shoes… but before he hits the ballroom, we put his trivia skills to the test in “Shaken Not Stirred.” The Savannah Bananas star takes on questions about his childhood Yankees obsession, his journey to Yankee Stadium, his Disney fandom, and some of the biggest moments...
mliss1578

Jackson Olson gets quizzed on ‘DWTS,’ partner Emma Slater, Taylor Swift, Savannah Bananas, more | Shaken Not Stirred

NY Post
1 month 1 week ago
Jackson Olson is trading in his baseball cleats for dancing shoes… but before he hits the ballroom, we put his trivia skills to the test in “Shaken Not Stirred.” The Savannah Bananas star takes on questions about his childhood Yankees obsession, his journey to Yankee Stadium, his Disney fandom, and some of the biggest moments...
Page Six Video

'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Here's What Wall Street Thinks...

Zero Rss
1 month 1 week ago
'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Here's What Wall Street Thinks...

A four standard deviation beat for non-farm payrolls this morning (good news) is triggering ugly reactions (bad news) across markets with rate-hike odds for September ripping back up near recent highs (despite no signs of inflationary wage growth - in fact it is slowing)...

Audrey Childe-Freeman, Bloomberg Intelligence’s chief FX strategist:

“The strength in the latest NFP report will validate Sept. Fed rate-rise talks and most likely give the dollar a short-term-yield-driven lift.”

“But that’s priced, and unless the Fed signals the beginning of an aggressive tightening cycle, the Fed-driven dollar upside may be contained into 4Q.”

That in turn is hammering the short-end of the yield curve...

As Academy Securities' Peter Tchir notes: The President seems highly likely to complain later today that the bond market is stupid – because he already argued this week (or last week, or both) that good data should be good for bond yields. It is good for credit spreads but is not going to help on bond yields.

And weighing on stocks...

Based on JPMorgan's matrix, we should see a drop in the S&P of between 0.5% and 1.25%...

Significantly more than the options market implied (+/-0.52%)...

The dollar jumped...

Which in turn dragged gold down...

Christopher Hodge at Natixis reckons the doves will have to prove their case when the Fed meets later this month.

“Most policymakers seemed sanguine about the labor market so inflation will clearly still be the primary driver of near term policy. A softer print today could have given some wiggle room on what was considered to the an acceptable core CPI print, but clearly we didn’t get that. Instead, the onus will continue to be on the doves to get a disinflationary print that justifies another hold – we are putting that bogey at about 20bps. Absent that, the Fed will likely hike in September.”

Jeffrey Rosenberg, a portfolio manager at BlackRock Inc., says on Bloomberg TV that the biggest issue here for the Fed isn’t the job market but the extent of “pass through” of energy prices to broader inflation. 

He still sees the Fed’s Sept. 16 decision as entirely dependent on the CPI report. If that shows continuing progress in inflation coming down, then he sees the Fed holding.

Vail Hartman at BMO Capital Markets reflects what’s emerging as the consensus view on this report:

Today’s data lends support to the hawkish camp, but stops shy of making a definitive case for a rate hike on September 16.

Olu Sonola, Head of US Economics at Fitch Ratings comes out swinging:

“This is an unequivocally strong report, which gives the Fed ample room to maintain that the labor market is stable and the economy remains at full employment. The Fed may want markets to “play the ball, not the referee.”

But a hot CPI print next week could be the whistle that pushes the Fed to move the policy rate higher.”

All of which makes us wonder if the knee-jerk response is an over-reaction since we note what Fed Chairman Warsh said last week: “I believe the labor markets are consistent with full employment,” he said, which is why policymakers have largely priced in healthy employment.

The bigger focus remains inflation.

Today's numbers are still second fiddle to what we get next week - both producer and consumer prices, which will be used to compute the PCE numbers. While today’s strong jobs reading surely supports the case for a hike, wage gains don’t suggest any inflation pressures so it’s not like the labor market is a smoking gun for a hike.

'Give disinflation a chance', was the message from Waller yesterday (who basically corroborated Williams). The center of the committee has not shifted - it is still data-dependent.

He might hold in September unless inflation comes in hot, and he made clear that NFP matters less than CPI next week.

Event risk has effectively migrated from payrolls to CPI.

Seema Shah, Chief Global Strategist at Principal Asset Management doesn’t see these numbers having a major impact on the Fed debate:

“For the Fed, there is little here to challenge the view that inflation remains the primary concern. Markets may edge up their expectations for a September hike following today’s release, but next week’s CPI report is still likely to be the key swing factor for policy.”

Academy Securities' Peter Tchir summarizes The Fed's position as follows:

Those looking to hike rates will have a stronger argument to hike (or at least one argument against hiking that they no longer need to contend with).

Those looking to hold steady, will be able to argue that the volatility in payrolls means we shouldn’t overreact (garbage in, garbage out).

  • I do like the argument that looking at “annual” numbers can be misleading on the inflation side. If you take the last 12 months, we have 3.3%. If you take the last quarter and annualize it, we drop to 3% and if you take the last two months and annualize it, we are at 2.4% (maybe some of the lags and the garbage in/garbage out, are finally coming out of the data). Truflation “core” is down to 1.3%.

  • With plenty of “chatter” that the President is looking at exits for Iran we shouldn’t be hiking because of higher energy costs (it is difficult to see how hiking solves that problem at all).

    • (good for lower oil prices) and the reality the U.S. attacked Iran, but it was limited in scope to hitting launchers, that were set to send more mines into the Strait. That is consistent with the U.S. attempts to keep the Strait clear (which is something CENTCOM has stated).

Those looking to hold/cut, well, I’d like to have some of whatever they are having, because it has to be some pretty good “stuff” 😊

Seriously, cannot imagine anyone in the cut camp for this meeting, given even an optimistic take on inflation.

The front end will continue to march to the beat of the data and the tone of the Fed. I think you buy 2’s whenever WIRP get to close to 2 hikes for end of January meeting, and for now, reduce risk, whenever WIRP for October gets to under 0.5% (good trading ranges for now, until we get more clarity).

I remain in the no HIKE camp for the year (and likely CUTS before HIKES), but the data remains volatile.

The news media will run with the "JOB JOBS JOBS" story, but the real news is next week’s inflation print, and a melt-up setup that still has to survive Hormuz (heating oil, diesel record highs).

To summarize, the jobs market appears strong but next week’s data will determine what the Fed does.

Tyler Durden Fri, 09/04/2026 - 08:56
Tyler Durden

Where Nicole Kidman stands with Michael Reinstein 1 year after Keith Urban split

NY Post
1 month 1 week ago
Kidman cozied up to Reinstein, a private equity investor, during an Italian getaway in July, six months after she finalized her divorce from Urban.
mliss1578

Where Nicole Kidman stands with Michael Reinstein 1 year after Keith Urban split

NY Post
1 month 1 week ago
Kidman cozied up to Reinstein, a private equity investor, during an Italian getaway in July, six months after she finalized her divorce from Urban.
Eric Todisco

Rutgers hosts sad fireworks show after embarrassing football loss to UMass

NY Post
1 month 1 week ago
Rutgers embarrassed itself on the field Thursday night, but nothing was worse than the world’s saddest fireworks show.
Erich Richter

Indiana farm sparks controversy over Charlie Kirk corn maze tribute: ‘Not a political organization’

NY Post
1 month 1 week ago
Goebel Farms pointed out that the late Kirk was a "polarizing public figure" but stood by their maze.
Fox News

US employers add 162K jobs in August — surprisingly strong pace after tepid summer

NY Post
1 month 1 week ago
US employers added 162,000 jobs in August, above estimates of just 53,000 jobs and a loss of 23,000 the previous month, the Bureau of Labor Statistics said Friday.
Taylor Herzlich

‘Live with Kelly and Mark’ EP Michael Gelman Praises The Small But Mighty Production Team Behind The #1 Entertainment Talk Show: “We’re Always Updating And Improving”

NY Post
1 month 1 week ago
Live with Kelly and Mark Season 39 kicks off on Tuesday, Sept. 8.
mliss1578

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