Retail Investors Beware: Not-So-Free Trading 9/2/22
The Labor Department released the number of American jobs added in August: 315,000. Only slightly below expectations, CNBC’s Steve Liesman and former CEA member Tyler Goodspeed consider what the report means for the Federal Reserve’s next rate hike. According to a new study by a group of professors, commission-free trades might not be free. UCLA Irvine Professor Christopher Schwartz explains the study, the fee and payout discrepancies between brokerages, and shares the best and the worst firms for retail trader pockets. As offices across the U.S. gear up for a reunion, China is locking down over 21 million people because of 700 covid cases. Former FDA Commissioner Dr. Scott Gottlieb discusses the difference between our approaches to public health, and shares which vaccines we should be getting–and when we should get them. Plus, Starbucks has named Howard Schultz’s successor, and Lululemon delivered a strong quarterly performance. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Becky Quick @BeckyQuick Mike Santoli @michaelsantoli Steve Liesman, @SteveLiesman Cameron Costa, @CameronCostaNY