Trump Sent Market Early Signal on Jobs Report

President Trump “broke with decades of protocol and commented publicly about the highly anticipated jobs report data 69 minutes before they were released by the Bureau of Labor Statistics,” the Washington Post reports.

Treasury yields moved sharply higher within seconds of a Twitter post from President Trump that said he was “looking forward to seeing the employment numbers at 8:30 this morning.”

“The jobs data come out once a month, and often can lead to massive buying or selling trends on Wall Street depending on how the information is received. It is extremely closely held and kept under tight control until it is released at 8:30 a.m. on the first Friday of each month. The Chairman of the Council of Economic Advisers is traditionally given the report the day before it is released, and it can often be shared with the president after that time. But the president – and other administration officials – never tip their hand about what the numbers reveal.”