President Joe Biden touted the higher-than-expected jobs numbers as a sign that Bidenomics is working, but he had a take on why polls show Americans are still deeply unhappy about the state of the economy despite the rosy stats. It has to do with media coverage. “You all are not the happiest people in the world, what you report, and I mean this sincerely,” Biden told reporters at the White House. “You get more legs when you report something that is negative.”
“I write with deep concern regarding your failure to end the ongoing strike,” Fiona Ma said in letters dated August 30 to Disney chief executive Bob Iger, Comcast CEO Brian Roberts, Paramount Global CEO Bob Bakish (pictured), Warner Bros. Discovery CEO David Zaslav, Netflix co-CEOs Ted Sarandos and Greg Peters, Apple CEO Tim Cook and Amazon CEO Andy Jassy.
The S&P 500 ended 0.1% lower after having been down as much as 1.2% earlier in the day. The Nasdaq composite also trimmed its deficit, falling 0.2%, while the Dow Jones Industrial Average eked out a 0.1% gain. The indexes all notched gains for the week.
