August Jobs Miss, Ackman Bets on Ackman, Power of Salt, VC Investing in Cryptocurrency

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Frances Donald, Chief Economist at Manulife Investment Management, and Bloomberg Global Macro Strategist Vincent Cignarella, discuss payrolls rising 96,000, a three-month low, after a downwardly revised 131,000 advance the prior month, according to a Labor Department report Friday that trailed the median estimate of economists for a 150,000 gain. Bloomberg News Deals Reporter Scott Deveau explains how billionaire Bill Ackman made a big bet on himself even as some investors were second-guessing the future of his hedge fund, Pershing Square Capital Management, and how that bet is paying off thus far. Bloomberg Businessweek Editor Joel Weber and Businessweek Freelance Writer Andrew Zaleski share the story of salt king Ben Jacobsen’s effort to turn seawater into a culinary cult following. Jalak Jobanputa, Founding Partner at Future\Perfect Ventures, breaks down venture capital investing in the cryptocurrency world. And we Drive to the Close with Jim Russell, Portfolio Manager at Bahl & Gaynor.

Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan.

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