HealthEquity and its subsidiaries administer HSAs and other consumer-directed benefits for more than 17 million accounts in partnership with employers, benefits advisors, and health and retirement plan providers who share our mission to save and improve lives by empowering healthcare consumers.

Scott Cutler, the company's CEO, discusses the challenges and successes of his first eight months on the job, and how his firm uses technology and data to help deal with healthcare affordability issues in America. Scott speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US stocks have been on a tear, setting more than 20 all-time highs this year, but the Federal Reserve’s next move threatens to curb investors’ zeal, JPMorgan Chase & Co.’s trading desk warns.

“This current bull market feels unstoppable with new support forming as former tent poles weaken,” according to Andrew Tyler, the bank’s head of global market intelligence. If the Fed follows through on a widely expected interest-rate cut at its Sept. 17 meeting, that “could turn into a ‘Sell the News’ event as investors pullback.”

JPMorgan’s trading desk maintained their lower conviction tactical bullish call while pointing to a number of risk factors including inflation, employment and the trade war in a note Monday. They also noted retail investors typically scale back their participation in September, while less corporates have been buying back their own shares.

The S&P 500 Index has climbed more than 30% from its April lows reached when President Donald Trump made his opening salvos in the global trade war. The stock market has so far proved resilient. But with the impact of tariffs just being felt and a recent weak jobs readout, investors are on edge ahead of an expected rate cut in typically the worst month of the year for the US equity market.

Today's show features:
Lauren Goodwin, Chief Market Strategist at New York Life Investments, on the US economic outlook and her expectations for US monetary policy
Jaime Magyera, Head of US Wealth Advisory and Head of Retirement at BlackRock
Priya Misra, Core Plus Bond ETF Portfolio Manager at JPMorgan, on the slowing US labor market and the Federal Reserve’s next move
Matt Middleton, Founder and CEO of Future Proof, on the 2025 Future Proof summit

See omnystudio.com/listener for privacy information.

The August jobs report showed the labor market is worsening for younger Americans. The youth unemployment rate jumped to 10.5% in August, the highest since late 2016 save for the pandemic period. The rate has risen by 150 basis points since the start of the year in a possible sign of things to come. Young workers with limited experience tend to take lower-wage jobs and difficulty finding that kind of employment may indicate more stress in the overall labor market.

Dan Shapero, Chief Operating Officer of LinkedIn, examines the key labor force trends playing out on the networking platform. Dan speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

See omnystudio.com/listener for privacy information.