# Why A Hot Jobs Report Spooked Wall Street

Page: https://stenobird.com/podcast/prof-g-markets-6899881/why-a-hot-jobs-report-spooked-wall-street
Text version: https://stenobird.com/podcast/prof-g-markets-6899881/why-a-hot-jobs-report-spooked-wall-street.md
Podcast: [Prof G Markets](https://stenobird.com/podcast/prof-g-markets-6899881)
Published: 2026-06-09T08:15:00+00:00
Episode link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/mgln.ai/e/257/traffic.megaphone.fm/VMP6314779817.mp3?updated=1780966472
Audio file: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/mgln.ai/e/257/traffic.megaphone.fm/VMP6314779817.mp3?updated=1780966472
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/prof-g-markets-6899881/episodes/why-a-hot-jobs-report-spooked-wall-street
Duration seconds: 1936

## Resource

Ed Elson is joined by Justin Wolfers to break down the strong May jobs report and why it sent stocks tumbling. Then, John Foley joins the show to unpack what fresh equity supply means for markets, from Google’s latest offering to the wave of anticipated IPOs. Finally, Ed shares his thesis on whether we’re reaching a top. Justin Wolfers is a Professor of Public Policy and Economics at the University of Michigan and the founder of Platypus Economics. John Foley is the head of the Lex Column at the Financial Times. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/prof-g-markets-6899881/episodes/why-a-hot-jobs-report-spooked-wall-street/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/prof-g-markets-6899881/why-a-hot-jobs-report-spooked-wall-street.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.