This is Scott Becker with the Becker Private Equity and Business Podcast. Today's topic is the job market tanks and nine more stories we're following today. Let me start with the job market. Private payrolls, new jobs added down in the month of November, much lower than expected. To say that it totally tanked, maybe an overstatement, but much lower than expected, we'll probably also see the unemployment rate tick up a little bit. Second, the amount of job openings has fallen significantly to 8.7 million. This is down from a high of 12-13 million a couple of years ago of jobs that were open. You've got a labor market that is softening meaning it's easier for employers to hire. You'll see wage inflation grow a little bit slower. And again, it's a backdrop. You do have all these union efforts, and we'll see what happens with that. Here's what's going on in the market and a lot more based on some of these things. First, the markets were mixed yesterday, then they have to up a little bit. They have to be down a little bit. Second, based on the job openings and less jobs being created, the markets are up significantly this morning, and they're up because what happens is when the labor market softens, there's more belief that the Fed will stop raising rates, and at some point, we'll have to bring rates back down to create, to infuse energy into the economy.

We've got that going on. One of the headlines in the wall, it was, Job openings hint at cooling economy. Another headline was, US jobs created in November were much lower than expected. The fourth story that I'm following this morning is, watching the leaders of Harvard, and I'm a Harvard graduate, so bear with me, I know it's usually it takes somebody at least three minutes to tell you they're Harvard graduates, so excuse my pretension, but Harvard, Penn, MIT, their leaders were called in front of a Congress committee yesterday and asked about the chance of genocide to Jews and calling for Jewish genocide on college campuses, and whether this is against their codes of conduct. Essentially, what you heard from these leaders was they couldn't unabashedly condemn calls for genocide of Jews. Now, imagine they said someone was calling on campus for genocide of Blacks or genocide of gays or any other community, you would, of course, have to condemn that. They ought to condemn outwardly without categorization, without question, condemnation or genocide for Jews. But it's amazing either how overwhere these people are, or how much they lack common sense, or how the world vision has been so flawed that they think so badly of Jews or Israel that they can see people call for the genocide of Jews and think that that somehow is okay.

It's really an amazing thing. The other thing at some point we've got to look at is, and I know this is an uncomfortable topic, is the amount of exchange students that are coming here that are so anti-West. It seems to me it's those, not all exchange students, obviously a ton of great exchange students, but there are some that are coming here with such an intifada mindset, such an anti-West mindset, that they have no business being in our country. We also got countries like Qatar that harbor and sponsor terrorists, donating so much money to big universities that it seems like a crazy spot to be in. In any event, at some point fighting anti-Semitism is really hard if you're teaching in a nursery school in some of these peer risk run countries from the very get-go that Jews are horrible. It reminds me of for thousands of years the Catholic Church taught that Jews were Christ killers or killers of God. Essentially, in the 1960s, the Catholic Church stopped that, and God blessed the popes that stopped it. The popes that stopped it, the popes have doubled down on stopping that teaching. What a fantastic thing.

This has not yet stopped in some of these terrorist states, and it has to stop. Many people think the Holocaust, in part, came because there's been this life flood of anti-Semitism running through so many people because they've been taught it since the start of the Catholic Church. Thank goodness the Catholic Church stopped teaching that. At some point, if the mosques and the terrorist states teach this—and not all mosques, not all isms, not all Muslims, of course. If they teach that, then it's a debacle. But at some point, if you don't stop that, you're never going to stop this anti-Semitism. God bless the Catholic Church and the Christian Church for stopping teaching it in the 1960s, post-Post-Post-Post, and we've got to see that in some way throughout our world, I hope. Fifth story goes back to a business story, thank God. Tenured treasury yields sink a lower job openings on the belief that in the long run, the Fed's going to have to stop hiking rates and reduce rates. So starting to get this very interesting point we just have to think about, are you buying longer term treasuries to lock in four and four and a half % rates versus sitting with one year rates are still at five %?

Seventh, excited to host Molly Campbell and Jacob Everson in the Becker's Health Care Podcast today. Our brilliant producer who does a ton of our interviews, Chanel Bungle, will likely handle those interviews. Just fantastic. Also so thrilled at the editorial team at Becker's Health Care and so many of the other leaders of Becker's Health Care. A. R. I. R. C. M, healthcare revenue cycle firm buying a clear up for $675 million. That revenue cycle is a big business. Ninth, speaking of revenue cycle, today's shoutout also goes to two different RCA companies: one, Nimble Solutions, Nader, Sammy, Lisa Rock, Lindsay Crowes, and the whole team there. And then then second to Moika, Waleadade, and Benjamin Beatle, Rivvy, the two leaders of a cost of the AI-driven revenue cycle firm funded originally by Antares and Horowitz. Brilliant, brilliant people. Finally, Tenth, Five stocks were following big gainers, losers, and just the active. Robitud jumped 10 % yesterday. Gamestop felt 12 % yesterday. I always think of GameStop more of a meme stock than a real stock. Renovau dropped 9.26 % just on social PC sales. Apple and AT&T, Apple rose two %. At&t rose 3.66 %. We also have a separate podcast today on the Canary and the coal mine, China.

China's debt pitcher, Moody's downgrading China to negative. And what that means for the rest of us? We have a separate podcast on that that Chanelnale will release today. And finally, we'll talk more about a portfolio approach to life versus a broader focus. Thank you so much for listening to the Becker Private Equity Podcast, and thank you to our producer today, Chanel Bunger, an executive podcast solutions. Thank you very much.