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The Dow Jones Industrial Average (DJIA) gained ground on Tuesday after a tumultuous late start to the new trading week for US equity markets.

Meta removed a Facebook group page that was allegedly used to “dox and target” U.S. ICE agents in Chicago after being contacted by Department of Justice.

The asset manager’s fee growth was the star of the show, thanks to its push into areas beyond stocks and bonds.

There’s a sharp divide between what Gen Z values and what hiring managers are actually looking for, according to new research. CEO and Harvard-trained career expert Suzy Welch shares her advice for an “unemployable” generation.

OpenAI is building a full AI ecosystem, as Apple did for smartphones and Microsoft did for PCs.

New JPMorgan data shows how different Americans in different income brackets perceive the economy.

Bank of England (BoE) Governor Andrew Bailey spoke at a fireside chat at the Institute of International Finance Annual Membership Meeting in Washington, DC. In the speech, Bailey claimed that today’s labor market data backs his view of a softening labor market.

There is an interesting article in The Telegraph that cites some western executives who have toured Chinese factories recently.

They also quoted a statistic that I think might be the most-important one in the world: China added 295K robots last year, the US added 34,000.

Fortescue Metals Group President Andrew Forrest:

“I can take you to factories [in China] now, where you’ll basically
be alongside a big conveyor and the machines come out of the floor and
begin to assemble parts,” he says.

“And you’re walking alongside
this conveyor, and after about 800, 900 metres, a truck drives out.
There are no people – everything is robotic.”

Greg Jackson, the boss of British energy
supplier Octopus.

“We visited a dark factory producing some astronomical number of
mobile phones”

“The process was so heavily automated that there
were no workers on the manufacturing side, just a small number who were
there to ensure the plant was working.

“You get this sense of a
change, where China’s competitiveness has gone from being about
government subsidies and low wages to a tremendous number of highly
skilled, educated engineers who are innovating like mad.”

Ford CEO Jim Farley from July:

“It’s the most humbling thing I’ve ever seen.”

“Their cost and the quality of their vehicles is far superior to what I see in the West.”

“We are in a global competition with China, and it’s not just EVs. And if we lose this, we do not have a future at Ford.”

There is a good chance the battle is already lost

This article was written by Adam Button at investinglive.com.

• There is stretched pricing in equity market related to AI
• We are not seeing a lot of impact yet on prices from tariffs
• UK businesses tell me they are delaying investment decisions due to uncertainty

Cable is down 16 pips today to 1.3316 and hasn’t moved on these comments.

This article was written by Adam Button at investinglive.com.

CNBC’s Steve Liesman had an interesting comment following Powell’s appearance at NABE:

“There is one interesting question that I was listening to in the Q&A. That September jobs report was done and I will just say there’s a little scuttlebutt here in the hallways about, ‘does Powell have the jobs report?’. Does the Fed have the jobs report? We don’t know that, he didn’t really let on but we kinda think he maybe, sorta does have it.”

Powell may be dropping hints at what was in it:

• Data since the July meeting shows labor market has softened considerably
• Breakeven rate of job growth has come down a great deal
• The labor market has demonstrated significant downside risk

So it was bad?

This article was written by Adam Button at investinglive.com.