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Amy Scott

๐Ÿ‘ค Speaker
1543 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
The weak spot in this job market

So, Catherine, a wrinkle in this report is that President Trump actually posted a chart on his social media last night that included some data from this morning's jobs report before it was released.

Marketplace All-in-One
The weak spot in this job market

It's generally considered a no-no to share this data in advance, even though, you know, people in the executive branch are briefed on the data.

Marketplace All-in-One
The weak spot in this job market

How much of a breach is that?

Marketplace All-in-One
The weak spot in this job market

It's a huge breach.

Marketplace All-in-One
The weak spot in this job market

This is not just about violating norms or propriety, things like that.

Marketplace All-in-One
The weak spot in this job market

Somebody probably made a fair amount of money off of that early tweet.

Marketplace All-in-One
The weak spot in this job market

These numbers are kept under lock and key because they move markets.

Marketplace All-in-One
The weak spot in this job market

So this is about preventing some insiders from potentially scrutinizing that tweet and reading the tea leaves and noticing that the numbers that he posted, because he posted some year-over-year numbers that reflected the inclusion of the December figures.

Marketplace All-in-One
The weak spot in this job market

If you had scrutinized that and you had realized that, oh, no, he was not using publicly available data,

Marketplace All-in-One
The weak spot in this job market

Those numbers must imply some not yet released data.

Marketplace All-in-One
The weak spot in this job market

You could have made a lot of money.

Marketplace All-in-One
The weak spot in this job market

And those of us who have 401ks, who are more passive investors, you stood to lose a lot of money because there was somebody who had insider information.

Marketplace All-in-One
The weak spot in this job market

So this is a very big deal.

Marketplace All-in-One
The weak spot in this job market

I've been trying to explain this to people that it's not just like, oh, the wonks and, you know, others are are frustrated by all of this because there's this memo that says that they're not supposed to do it.

Marketplace All-in-One
The weak spot in this job market

No, this is there's real money on the line.

Marketplace All-in-One
The weak spot in this job market

This was a big, big deal.

Marketplace All-in-One
The weak spot in this job market

Heather, what are you hearing about this and what it means for the future of kind of the integrity of this data?

Marketplace All-in-One
The weak spot in this job market

And so, of course, the Fed will be thinking about this when it meets in a few weeks to talk about interest rate policy.