- May be a political crisis in some euro states
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Consumer staples lag S&P 500 (-8.3% vs 20.1%). PG shines w/ 25.6% margin; CAG & POST face shrinking sales & low returns.
Layoffs surge, hiring freezes bite; Dow stumbles 500 pts. Tech stocks slide, bonds rally on job cut fears.
TDOC faces sales headwinds at 4.9x EV/EBITDA, KAI trades at 27.5x P/E, while BY shines with 12.3% net income growth at 1x P/B.
FTDR's 6.8% sales growth & 13x P/E raise flags; NWBI's 4.2% revenue growth & 0.9x P/B lag peers; BOOT's 13.7% growth & 25.9x P/E eyed.
October job cuts hit 22-yr high (153K!) on cost cuts & AI fears. Recession vibes rising for traders.
US private payrolls rose 42K in Oct, beating forecasts. Annual pay up 4.5%. Fed sees modest growth, not enough to shift narrative.
Oct layoffs hit 153K+, up 175% YoY! Tech & retail lead cuts amid AI adoption & spending slowdown. Fed watches closely.
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