Episode Details

Markets plummeted as oil prices soared and job market data painted a grim picture. The S&P 500, Dow, and Nasdaq all fell, with Brent crude surging to $92.79 a barrel and WTI jumping to $90.90. Fears of stagflation intensified due to a 92,000 drop in non-farm payrolls and a 4.4% unemployment rate. US airlines and BlackRock took a hit, while gold rose on rate cut hopes. Australian shares are set for a rough week, and global bond yields climbed on inflation bets.

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