The health of the US economy depends on the perspective

Payrolls processing company ADP’s job sheet and “Beige Book” in the US Federal Reserve, the United States will appear slow down the economy. The number of private sector works created in May was 37,000, the Dow Jones forecast rose about three times. The Fed report noted that “economic activity has been reduced since the previous report,” April 23.

The ADP report does not always adapt to the work sheet of the Labor Department to be released on Friday. For example, the first one stated that Private companies added 107,000 Workplaces in January 2024 but the last one was placed Earnings in 353,000 Farm salaries for the same period.

Meanwhile, the Fed’s “Beige Book” report on the basis of Phrases “Bank and Branch Directors” and “Interviews and online surveys.” Thus, when ensuring a useful image of economic feelings, as fed, it is a “quality” report because it cannot accept economic information.

According to Albert Einstein The theory of atheismThe speed of the traveling of an object depends on the observer’s position. Wednesday news can give an opinion on the economy, but the observers can also bend with the vantage point.

Dow Snaps Sequential Gains
US shares were mixed on Wednesday. This S & P 500 It was flat and Nasdaq composite Added 0.32%. But Dow Jones Industry Medium The four-day-winning strip ended 0.22%. Pan-European Stoxx 600 index Rose 0.47% As the EU trade chief, he said that there are negotiations with the United States ‘Progresses in the right direction. ‘Separately, Bulgaria became Wednesday Approved to join the euro area.

‘Extremely heavy’ to agree with China: Trump
US President Donald Trump Wednesday spoke about the truth that it was “extremely heavy” Agree with Chinese counterpart Xi Jinping. Monday, the official of a large White House CNBC explained that Trump and XI were likely to speak this week. Washington and Beijing are blamed each other Because of a trade agreement in Switzerland on May 12.

Reduce the labor market in the United States
Trump named Federal Reserve Chair Jerome Powell “Lower the lace“Payrolls processed company adp reported The lowest level of the private sector for years. Salaries increased from 60,000 to below 60,000 in April, and 110,000 rose from 47,000 to 110,000. From March 2023, it was the lowest monthly work from the number of ADP.

Fed ‘Beige’ ‘US Economy Replay Reports
This The US economy has signed a contract over the past six weeks The employer slowed and consumers and businesses are concerned about the price increase in the tariff-related price, a Federal reserve Let me know on Wednesday. Periodically “Beige” Summary of terms, Central Bank noted that “economic activity has decreased since the previous report” April 23.

Circle prices are higher than IPO expected
Circle Internet Group, the issuer of the USD coin, which is one of the largest stablecoins in the world, Preliminary presentation offered $ 31 per share per share Late Wednesday condition. This is $ 27 to $ 28 and the company’s total market value of the company is $ 6.8 billion. New York Basics, its founder and some original shareholders Will earn $ 1.05 billion 34 million share suggestions.

(Pro) the financial sector slows shares
The financial sector, which is a potential winner of the Trump management, is starting to cool. Although the group is still above the S & P year, the space was closed in recent weeks, Wolfe research analyst wrote Rob Ginsberg stressed one side of the sector This is the “most”.

AI, Trade and $ 24 Socks: Inside Opening SxSW in London

Every year in the south by Southwest or SXSW, it is a festival in Austin every year, which brings together great names in music, film, art and technology. The organizers brought the event to London this week.

This may be a recognized event in the United States, but this definitely did not reach the same level of recognition in the UK.

“What is it?” A SXSW wanted a passing pedestrian with a London sign.

CNBC’s Arjun Kharpal looked at what happened inside.