Squawk on the Street SOTS 2nd Hour: White House Jobs Reaction, Goldman's Chief Economist, & LIVE: Robinhood CEO 2/11/26
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Feb 11, 2026 
Vlad Tenev, Robinhood CEO, on crypto headwinds, quarterly results, product moves, and regulation. John Zito, Apollo co-president, on AI-driven software disruption and private credit opportunities. Jan Hatzius, Goldman Sachs chief economist, on payrolls, inflation, and Fed policy implications. Joe LaVornia, Treasury counselor, on the administration’s take on the strong jobs print and economic policy.
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Jobs Surprise Suggests Momentum
- January payrolls surprised strongly with 130,000 jobs added, above expectations and signaling potential renewed momentum.
- Wages rose 0.4% monthly, suggesting pay growth outpacing inflation in that month.
White House Sees Industrial Boom
- Joe LaVornia argues manufacturing and goods output are leading GDP growth and signal an industrial boom.
- He says temporary employment turning positive indicates rising future labor demand under pro-growth policies.
Advocate For Insurance Rate Cuts
- LaVornia urges the Fed to consider cuts as inflation pressures abate to broaden cyclical job gains.
- He recommends insurance-style rate cuts to spur a more robust, broad-based recovery.