The economy was expected to add a solid 180,000 jobs in May, but if the payroll number is way off, that could be a game changer for markets.
Billionaire hedge fund investor Stanley Druckenmiller said the mounting corporate debt in the U.S. will be a problem if we go into a recession.
"We are in worse shape for a recession now than if things had slowed down," Druckenmiller told CNBC'sDruckenmiller said on Monday that after President Donald Trump's tweet in May that escalated the U.S. China trade-war, he got flat in his investment portfolio and bought Treasurys. Druckenmiller says he's unsure about the direction of markets right now. He's not overly bearish or bullish on stocks.He is former chairman and president of Duquesne Capital and is currently CEO of Duquesne Family Office.
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