Bonds fell and the dollar rose as stronger-than-forecast employment growth soothed concern the US economy is poised to slow, stanching speculation the Federal Reserve will need to cut interest rates any time soon. Stocks hit fresh all-time highs. 

Treasury two-year yields surged 10 basis points to 3.88%. Swap traders saw almost no chance of a July Fed cut, compared with a roughly 25% probability seen before the data. The chance of a move in September ebbed to about 70%. The S&P 500 climbed 0.8%. After the close of trading in a shortened pre-holiday session, the House passed President Donald Trump’s tax bill. 

On a special pre-holiday edition of The Close, hosts Romaine Bostick and Matt Miller speak with: 

- Bloomberg Opinion columnist Jonathan Levin 

- Liz Ann Sonders, Charles Schwab managing director and chief investment strategist

- Patrick de Haan, head of petroleum analysis at GasBuddy 

- Michael Balboni, former New York State Director of Homeland Security 

- Scott Bessent, US Treasury Secretary

Bonds fell and the dollar rose as stronger-than-forecast employment growth soothed concern the US economy is poised to slow, stanching speculation the Federal Reserve will need to cut interest rates any time soon. Stocks hit fresh all-time highs.&nbsp;
Treasury two-year yields surged 10 basis points to 3.88%. Swap traders saw almost no chance of a July Fed cut, compared with a roughly 25% probability seen before the data. The chance of a move in September ebbed to about 70%. The S&amp;P 500 climbed 0.8%. After the close of trading in a shortened pre-holiday session, the House passed President Donald Trump&rsquo;s tax bill.&nbsp;
On a special pre-holiday edition of The Close, hosts Romaine Bostick and Matt Miller speak with:&nbsp;
- Bloomberg Opinion columnist Jonathan Levin&nbsp;
- Liz Ann Sonders, Charles Schwab managing director and chief investment strategist
- Patrick de Haan, head of petroleum analysis at GasBuddy&nbsp;
- Michael Balboni, former New York State Director of Homeland Security&nbsp;
- Scott Bessent, US Treasury Secretary

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Pre-Fourth of July Special: Stock Jump on Jobs Surprise, Trump's Tax Bill Passes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/04c3cbbf-4c6b-40dd-8c87-b30f015b17e9/transcript

US Department of Transportation Secretary Sean Duffy last week unveiled the country's first ever "Advanced Air Mobility (AAM) National Strategy," setting up a roadmap to help accelerate American aviation innovation and transform our skies. AAM is a rapidly-emerging aerospace sector focused on safely and efficiently integrating highly automated aircraft into US airspace. It involves a range of innovations — particularly new aircraft types that typically operate below 5,000 feet — to transport people and packages more efficiently than ever before. 
Another key component of this initiative is infrastructure, and that's where Lisa Wright comes in. The Founder and CEO of Landings is focused on her firm's plan to develop a network of rural vertiports that expand access to advanced air mobility across the US. She explains how her firm's potential has quickly grown as the conversation moves from one-off vertiport projects to multi-site networks. She believes that stakeholders now see the strategic advantage of building coordinated, regional vertiport systems that can support cargo, emergency services, and eventually passenger movement — not just isolated landing pads. Lisa speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

US Department of Transportation Secretary Sean Duffy last week unveiled the country's first ever "Advanced Air Mobility (AAM) National Strategy," setting up a roadmap to help accelerate American aviation innovation and transform our skies. AAM is a rapidly-emerging aerospace sector focused on safely and efficiently integrating highly automated aircraft into US airspace. It involves a range of innovations &mdash; particularly new aircraft types that typically operate below 5,000 feet &mdash; to transport people and packages more efficiently than ever before. Another key component of this initiative is infrastructure, and that's where Lisa Wright comes in. The Founder and CEO of Landings is focused on her firm's plan to develop a network of rural vertiports that expand access to advanced air mobility across the US. She explains how her firm's potential has quickly grown as the conversation moves from one-off vertiport projects to multi-site networks. She believes that stakeholders now see the strategic advantage of building coordinated, regional vertiport systems that can support cargo, emergency services, and eventually passenger movement &mdash; not just isolated landing pads. Lisa speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

A National Strategy for Advanced Air Mobility

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/540ddfa1-48ee-4c27-b151-b3bc017b0cb3/transcript

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
Wall Street traders parsing a batch of economic reports in a session marked by a slowdown in transactions drove stocks to all-time highs. Short-dated bonds underperformed. The dollar fell.
In a narrow tech-led advance, the S&P 500 rose for a fourth straight day. Volume was below the average of the past three months ahead of the Christmas holiday. The index rebounded even after data did little to encourage bets the Federal Reserve will cut rates in the near term.
Treasury two-year yields - more sensitive to imminent Fed moves - remained above 3.5%. That was after data showed the economy expanded at the fastest pace in two years. A drop in consumer confidence spurred only a mild bounce in bonds from session lows. The S&P 500 topped 6,900. Its equal-weighted version - which gives Dollar Tree Inc. as much clout as Apple Inc. - edged lower. A gauge of big techs climbed about 1% while smaller firms underperformed. 
Today's show features:
Bloomberg Equities Reporter Alexandra Semenova on her story explaining why some investors are fearful of overly optimistic expectations from equity analysts
David Schassler, Head of Multi-Asset Solutions at VanEck Funds, on investing trends to watch as we close out the year
Travis McCready, Head of Industries, Leasing Advisory, at JLL, on the structural forces poised to shape real estate decisions and investment demand for the life sciences sector in 2026
Bloomberg News Chief Correspondent for Global Aviation Siddharth Philip on expectations for record holiday air travel expectations among US carriers

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Wall Street traders parsing a batch of economic reports in a session marked by a slowdown in transactions drove stocks to all-time highs. Short-dated bonds underperformed. The dollar fell. In a narrow tech-led advance, the S&amp;P 500 rose for a fourth straight day. Volume was below the average of the past three months ahead of the Christmas holiday. The index rebounded even after data did little to encourage bets the Federal Reserve will cut rates in the near term. Treasury two-year yields - more sensitive to imminent Fed moves - remained above 3.5%. That was after data showed the economy expanded at the fastest pace in two years. A drop in consumer confidence spurred only a mild bounce in bonds from session lows. The S&amp;P 500 topped 6,900. Its equal-weighted version - which gives Dollar Tree Inc. as much clout as Apple Inc. - edged lower. A gauge of big techs climbed about 1% while smaller firms underperformed. Today's show features:
<ul>
<li>Bloomberg Equities Reporter Alexandra Semenova on her story explaining why some investors are fearful of overly optimistic expectations from equity analysts</li>
<li>David Schassler, Head of Multi-Asset Solutions at VanEck Funds, on investing trends to watch as we close out the year</li>
<li>Travis McCready, Head of Industries, Leasing Advisory, at JLL, on the structural forces poised to shape real estate decisions and investment demand for the life sciences sector in 2026</li>
<li>Bloomberg News Chief Correspondent for Global Aviation Siddharth Philip on expectations for record holiday air travel expectations among US carriers</li>
</ul>

S&P 500 Closes at Record High in Tech-Led Advance

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2fd8be29-dfdb-4a7e-b492-b3bc0179d9dd/transcript

Palmetto is a consumer home energy marketplace aimed at accelerating the transition to a clean energy future. Through a data-driven platform, Palmetto empowers homeowners to understand their energy use, discover personalized savings opportunities, and seamlessly purchase, finance, and manage home electrification and clean energy products and services.
Neil Chatterjee, Palmetto’s Chief Government Affairs Officer, brings more than two decades of experience shaping US energy policy experience. A longtime bipartisan negotiator and former Commissioner and Chairman of the Federal Energy Regulatory Commission (FERC), Neil plays a key role in guiding Palmetto’s policy strategy at a pivotal moment in the clean energy transition. He discusses the most pressing issues across the energy space, particularly when it comes to affordability for consumers, with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Palmetto is a consumer home energy marketplace aimed at accelerating the transition to a clean energy future. Through a data-driven platform, Palmetto empowers homeowners to understand their energy use, discover personalized savings opportunities, and seamlessly purchase, finance, and manage home electrification and clean energy products and services. Neil Chatterjee, Palmetto&rsquo;s Chief Government Affairs Officer, brings more than two decades of experience shaping US energy policy experience. A longtime bipartisan negotiator and former Commissioner and Chairman of the Federal Energy Regulatory Commission (FERC), Neil plays a key role in guiding Palmetto&rsquo;s policy strategy at a pivotal moment in the clean energy transition. He discusses the most pressing issues across the energy space, particularly when it comes to affordability for consumers, with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

The Future of Women's Health Begins at MIT

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/db951058-f01b-4165-9382-b3bb017b1488/transcript

Pre-Fourth of July Special: Stock Jump on Jobs Surprise, Trump's Tax Bill Passes

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