Fed Decision and Tech Earnings

SpaceX's hiring practices require candidates to demonstrate exceptional abilities and a strong commitment to the company's culture, which is heavily influenced by CEO Elon Musk. According to Bloomberg Businessweek, prospective employees must showcase their past achievements and prioritize hands-on experience over advanced degrees. The rigorous selection process emphasizes loyalty to Musk and the space exploration vision he promotes. Candidates are also informed that the job demands stamina, including the willingness to work extended hours and weekends. A significant incentive for employees is access to equity, either through share options or restricted stock units.

In economic discussions, experts debate the Federal Reserve's approach to interest rates amid varying inflationary pressures. Constance Hunter from the Economist Intelligence Unit highlights two schools of thought: one advocating for a single rate hike followed by potential cuts, and another pushing for immediate increases. The conversation touches on the complexities of inflation, influenced by factors such as energy prices and the impact of artificial intelligence on demand. Additionally, concerns arise over the Fed's ability to manage inflation expectations and the broader implications of rising rates on economic activity.

The job market faces unprecedented challenges, particularly with major companies like Microsoft announcing significant layoffs. Analysts suggest that while the workforce is shrinking, the economy continues to create jobs, albeit in different sectors. The discussion also addresses the potential long-term effects of AI on employment and productivity, with experts expressing cautious optimism about the ability of the economy to adapt and recover from these shifts. The overarching theme emphasizes the need for policies that address income and capital distribution as the labor market evolves.

The latest in finance, economics and investment. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney Wednesday, October 28th, 2026 Featuring: 1) Constance Hunter, Chief Economist at EIU, joins for a Fed preview and talks about where we are in the rate hiking cycle. 2) Dominic Konstam, Head: Macro Strategy at Mizuho, discusses the Fed's rate hike predicament post-today's meeting. 3) David Schassler, Head: Multi-Asset Solutions at VanEck Funds, talks gold, commodities, and outlook for the AI trade ahead of tech earnings. 4) Ed Ludlow, host of Bloomberg Tech, gives us a preview of this week's big tech earnings. See omnystudio.com/listener for privacy information.