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2022-06-04

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Biden Dismisses Elon Musk "Super Bad Feeling" on Economy With Moon Retort

President Joe Biden on Friday sounded dismissive when a reporter asked him about a much-discussed report that billionaire entrepreneur Elon Musk said he had a "super bad feeling" about the economy.Bid

Biden Dismisses Elon Musk "Super Bad Feeling" on Economy With Moon Retort

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about the economy.</p><p>Biden responded to the question by saying companies such as Ford <a href=\"https://laohu8.com/S/F\">$(F)$</a>, Intel <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> and Chrysler&#39;s parent (STLA.MI) were making investments in the U.S. economy.</p><p>&#34;So you know, lots of luck on his trip to the moon,&#34; the president said, referring to the SpaceX and Tesla boss.</p><p>Musk said in an email to executives at Tesla that he had a &#34;super bad feeling&#34; about the economy, and that employee headcount at the electric-vehicles giant needed to be cut by 10%, according to a Reuters report.</p><p>The Biden administration and Musk have been at odds repeatedly, with the entrepreneur once tweeting that the president &#34;for reasons unknown&#34; is &#34;unable to say the word &#39;Tesla.&#39;&#34;</p><p>Biden&#39;s remarks came after he gave a speech in Rehoboth Beach, Del., about the latest reading on the country&#39;s job market.</p><p>In that address,  the president characterized the jobs report as encouraging for Americans dealing with high inflation.</p><p>Friday&#39;s employment report showed the U.S. added 390,000 new jobs in May, above forecasts for 328,000, signaling the labor market and broader economy are still going strong despite high inflation.</p><p>The increase in employment was the smallest in 13 months, and the unemployment rate was unchanged at 3.6%.</p><p>&#34;We aren&#39;t likely to see the kind of blockbuster job reports month after month like we had over this past year, but that&#39;s a good thing,&#34; Biden said.</p><p>&#34;That&#39;s a sign of a healthy economy with steady growth, rising wages for working families, everyday costs easing up, and shrinking the deficit. 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The main equity gauges have tumbled this year, with the S&amp;P 500 down about 14%, as investors fret about inflation, the Federal Reserve&#39;s interest-rate hikes and the potential for a recession.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","BK4555":"新能源车","BK4550":"红杉资本持仓","F":"福特汽车","BK4533":"AQR资本管理(全球第二大对冲基金)","TSLA":"特斯拉","BK4511":"特斯拉概念","BK4099":"汽车制造商","STLA":"Stellantis NV","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4574":"无人驾驶","INTC":"英特尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240220809","content_text":"President Joe Biden on Friday sounded dismissive when a reporter asked him about a much-discussed report that billionaire entrepreneur Elon Musk said he had a \"super bad feeling\" about the economy.Biden responded to the question by saying companies such as Ford $(F)$, Intel $(INTC)$ and Chrysler's parent (STLA.MI) were making investments in the U.S. economy.\"So you know, lots of luck on his trip to the moon,\" the president said, referring to the SpaceX and Tesla boss.Musk said in an email to executives at Tesla that he had a \"super bad feeling\" about the economy, and that employee headcount at the electric-vehicles giant needed to be cut by 10%, according to a Reuters report.The Biden administration and Musk have been at odds repeatedly, with the entrepreneur once tweeting that the president \"for reasons unknown\" is \"unable to say the word 'Tesla.'\"Biden's remarks came after he gave a speech in Rehoboth Beach, Del., about the latest reading on the country's job market.In that address,  the president characterized the jobs report as encouraging for Americans dealing with high inflation.Friday's employment report showed the U.S. added 390,000 new jobs in May, above forecasts for 328,000, signaling the labor market and broader economy are still going strong despite high inflation.The increase in employment was the smallest in 13 months, and the unemployment rate was unchanged at 3.6%.\"We aren't likely to see the kind of blockbuster job reports month after month like we had over this past year, but that's a good thing,\" Biden said.\"That's a sign of a healthy economy with steady growth, rising wages for working families, everyday costs easing up, and shrinking the deficit. 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