On "What's Moving Your Money with Spencer Hakimian," Spencer reacts to the dreadful August Jobs Report, what it means for the U.S. economy, and what the Federal Reserve will do next week.<br /><br />0:00 - Introduction: An Awful Jobs Report & The Coming Rate Cut<br />0:38 - The August Jobs Report: The Worst Since the Pandemic<br />1:44 - Why the Rising Unemployment Rate is a Big Problem<br />2:48 - The Fed is Cutting Rates, But It Won't Fix the Problem<br />4:42 - The Obvious Solution We Won't Take<br />5:21 - Market Reaction: A 'Classic Recession Trade'<br />6:40 - Why Gold is Rallying (and Why Diversification Matters)<br />7:59 - Q3 Earnings Preview: Expect 'Ugly' Guidance for Q4<br />9:02 - The 'K-Shaped' Economy: AI vs. Everyone Else<br /><br />Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br /><br />Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br /><br />https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br /><br />Stay Connected<br />Forbes newsletters: https://newsletters.editorial.forbes.com<br />Forbes on Facebook: http://fb.com/forbes<br />Forbes Video on Twitter: http://www.twitter.com/forbes<br />Forbes Video on Instagram: http://instagram.com/forbes<br />More From Forbes: http://forbes.com<br /><br />Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
