Tech Stocks Lead Selloff Amid Strong Jobs Report | Bloomberg Businessweek Daily 6/5/2026

Today, Mike Mckee and Ira Jersey break down a strong May jobs report, as the US ads 172,000 jobs in the last month. Then, Goldman Sachs partner John Flood joins Natalia Kniazhevich to discuss the market outlook as tech stocks lead a major selloff. Plus, Dan Arnold, SVP of national operations at Protos Security, and Bloomberg’s Vanessa Perdomo-Maglione talk security challenges of the upcoming World Cup and how US cities are preparing to deal with millions of fans flooding into town.

Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:01:41 – World Cup Poses Unique Security Challenges for US Cities
00:05:00 – US Hiring Surged in May, Boosting Fed Rates Hike Bets
00:06:42 – US Employers Added 172,000 Jobs in May
00:13:45 – Us May Unemployment Rate 4.3%; Est, 4.3%
00:14:38 – Short-End Rates Demand to Stay Robust with Fed on Sidelines
00:21:16 – Meta Weighs Raising Tens of Billions in New Shares Sale: FT
00:24:50 – S&P 500 Pain Deepens as Tech Bets Lose Momentum
00:28:24 – US Hiring Surged in May, Boosting Fed Rates Hike Bets
00:30:14 – Stocks and Bonds Fall as Jobs Fuel Fed-Hike Bets
00:35:15 – World Cup Poses Unique Challenges for US Cities
00:38:53 – Millions of Soccer Fans to Flood into US Cities Amid World Cup
00:39:53 – Security Logistics at Forefront of World Cup Planning
00:41:46 – Mamdani, Hochul Outline World Cup Travel Plans
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