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Bloomberg News Now: May Jobs Report Surges, Treasury Yields Spike, SpaceX IPO Oversubscribed
Posted
June 5, 2026
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June 5, 2026
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5:09Now PlayingThe May jobs report delivered a major upside surprise with 172,000 jobs added, nearly double economist expectations. Treasury yields spiked as traders fully priced in a potential Fed rate hike by year‑end. SpaceX’s record‑setting IPO drew overwhelming demand as Elon Musk pitched the company’s long‑term energy vision. Global tensions rose as Putin rejected Zelensky’s call for negotiations and the U.S. denied Iran’s claim of firing warning shots. Markets slid across equities and oil as uncertainty deepened.
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