# Soft jobs, but not too soft

Page: https://stenobird.com/podcast/nab-morning-call-427359/soft-jobs-but-not-too-soft
Text version: https://stenobird.com/podcast/nab-morning-call-427359/soft-jobs-but-not-too-soft.md
Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359)
Published: 2026-07-02T20:39:58+00:00
Episode link: https://shows.acast.com/morningcall/episodes/soft-jobs-but-not-too-soft
Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6a46cca08890f0eef3c43c95/media.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/soft-jobs-but-not-too-soft
Duration seconds: 877

## Resource

Friday 3rd July 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB The non-farm payrolls from the US overnight came in softer than expected, but NAB’s Rodrigo Catril strong enough for the Fed to dismiss concerns about the labour market and focus more of inflation. Phil asks him about the impact of this on bond markets, whilst equities have been hit by more AI concerns. With Anthropic reportedly teaming up with Samsung to develop their own bespoke chips it increasingly hard to know how to pick the winners. They also discuss the rise in the Yen. If Japanese authorities are looking at currency intervention could the thinner trading of a US holiday be the time to do that? Hosted on Acast. See acast.com/privacy for more information.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/soft-jobs-but-not-too-soft/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/nab-morning-call-427359/soft-jobs-but-not-too-soft.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.