00:00Welcome back to Bloomberg This Weekend, or BT Dubs.
00:03Don't.
00:04I'm Christina...
00:05Don't.
00:05I'm Christina Ruffini with David Gura, and Alexis is here with some of the stories you
00:09might have missed this week.
00:10Alexis, what you got?
00:11You guys have a thing going with the BT Dubs.
00:13Well, she says Dubs, as I said, you know, W, more of a purist, more syllables, whatever.
00:19Do you want to weigh in?
00:21You're going to say Switzerland.
00:22Yeah.
00:22I'm Switzerland, thank you.
00:24And I'm going to start with a Wall Street Journal article that I think a lot of people
00:28can relate to.
00:28Ghost job ads are getting so bad, lawmakers now want to ban them.
00:34Explain what this is.
00:35What's a ghost job?
00:35So you know how it goes.
00:37You see a great job listing.
00:38You're like, ooh, this has a lot of potential.
00:39This could be amazing.
00:40You apply.
00:41You do the cover letter, the resume specifically for that job.
00:45And then crickets.
00:46You hear nothing.
00:48And then maybe you'll see that ad reappear months later.
00:51Ultimately, you find out the company, even if you're able to find out, never actually filled
00:56the position.
00:56But then what's the point?
00:58Why post it?
00:59So there are thoughts on why that might be happening.
01:02Some say it's to build a pipeline for jobs that might open up someday.
01:05So maybe it would lead to something.
01:07Maybe.
01:07Or in case, you know, they do these interviews and they reel in sort of their dream candidate.
01:11Others, there are cynics out there.
01:13They say employers are posting fake roles to convince investors and employees that they
01:17are healthy and growing.
01:18Or get this, which is really upsetting.
01:20They want to collect data.
01:22So they put these job postings out there.
01:24It's a data grab.
01:25One in five jobs advertised on digital job boards like LinkedIn are ghost jobs.
01:32Wow.
01:32That's crazy.
01:3320%.
01:33So now lawmakers in New York and PA proposing bills that would require employers to list
01:38hiring timelines.
01:40And then they would have to remove that job once it has been filled.
01:44Texas' attorney general is investigating LinkedIn.
01:46He says they're actually profiting from these fake job posts.
01:49Those job busters.
01:50They charge for posts, right?
01:51That's interesting.
01:52I tell young people, if they're cold applying for jobs, never just send in a resume.
01:56Like, find somebody, email somebody, like, make contact with someone at the jobs.
02:01Even if they can just help make sure someone looks at your resume.
02:03Just knock on the door?
02:05I've done that.
02:06Wow.
02:06Send them some pizzas.
02:07Oh.
02:07You know.
02:08That I've not done.
02:09Get on their good side.
02:10You know, never say no to a car.
02:11Okay.
02:11All right.
02:12Exactly.
02:12What else you got?
02:13All right.
02:13This is also another LinkedIn-related story.
02:16I'm from the journal.
02:17LinkedIn has accidentally become a dating site.
02:20A dating site.
02:21Despite its no romance rules.
02:23Oh, no.
02:24Hand and head for Christina.
02:25There's no romance rules.
02:26There are no romance rules.
02:27Hand and head.
02:28We didn't get that on camera.
02:29I guess so.
02:30I just, I know it's coming my way.
02:32I'm bracing.
02:33Alexis, keep going.
02:34Keep going.
02:34This should not be a surprise, right?
02:35It's a public-facing platform.
02:37You have clear headshots.
02:38Verified.
02:39Verified.
02:39You know that people are, how ambitious are you?
02:41How many jobs have you changed?
02:43What can you tell?
02:43Find out the salary range as well.
02:44There you go.
02:45If that's a note.
02:45Always a bonus.
02:46Yep.
02:47So a survey found about one in four professionals believe using LinkedIn as a dating tool can
02:51be acceptable.
02:5225%.
02:52I keep reiterating these.
02:54You do, you know, the one-
02:54And wait a minute.
02:55This is even better.
02:5622% have reached out or responded to someone on LinkedIn with romantic intent.
03:02Can confirm.
03:03That is a thing that happens.
03:03In network.
03:04It happens.
03:04Can confirm.
03:05Go on.
03:06That is a thing that happens.
03:06Now.
03:07You don't have to.
03:07There is a dating coach, an awful Clempt, in this article who says that it's not bad news
03:15to do this, but you have to have some decorum.
03:17They say, pick up lines to avoid.
03:19Are you single?
03:20I hope this isn't too weird, but.
03:26Oh, let's see.
03:32My non-romantic outreach on LinkedIn is all AI written.
03:36Surely there's AI prompts that can do this for you as well.
03:38I'm sure.
03:38Well, people are using AI to chat with each other on dating apps now, too.
03:41So.
03:41That defeats the whole purpose of getting to know the person.
03:44There's the romance in that.
03:46But then again, it is nice to know that the person you're going out with is gainfully employed.
03:49Yes.
03:49So, you know, there's something.
03:51See, see, there's something to it.
03:52They've got that verified badge.
03:54What else you got, Alexis?
03:55All right.
03:55Let's move on to the New York Times.
03:57This is the headline.
03:59I've hit my limit.
04:00Some New Yorkers opt for fun at home to save money.
04:04Look, let's be honest.
04:04We were just talking about this with the floor team before we came on.
04:07Go ahead.
04:07Go ahead.
04:07Oh, good, Sam.
04:08I'm glad I'm with the zeitgeist here in choosing these.
04:10So a lot of young people living in New York City, it has become cost prohibitive to go out
04:15and socialize.
04:16According to the Fed, the bottom 40% of U.S. earners have little to no discretionary income.
04:22And you know what?
04:22Bump that up here in New York City.
04:24Salaries here are not keeping up with the necessities.
04:28Never mind going out and having a cocktail.
04:31Do you know that a simple pastime, like a basketball game, going out, getting a drink,
04:35going to the movies can be like a $40 ordeal.
04:38It's like a domestic flight if you have a family.
04:41I don't know how people do this.
04:43I mean, I joke that if I step outside my apartment, it's going to cost me at least $200 these
04:47days.
04:48Yeah, yeah.
04:48No joke.
04:49So they're calling it housing hangs.
04:52They're calling it.
04:53I don't know where you're going with a $200 drop.
04:55Maybe $40.
04:56Maybe you walk out the house, it's like $40.
04:57Listen, I have a shopping problem.
04:59We don't need to get into that right now.
05:00So they call them housing hangs.
05:02What do you do with a housing hang?
05:03You tell people, BYOB, whatever makes you happy.
05:06Bring your own beer, wine, whatever, drink, snacks.
05:09Let's play board games.
05:10Let's bop out the cards.
05:12Let's do something, you know.
05:13Roll the Odyssey.
05:14So we were just on vacation.
05:16Yahtzee.
05:16Yahtzee.
05:17I'm saying the Odyssey.
05:17I have an Odyssey, though.
05:18I do have an Odyssey.
05:19I roll that.
05:20Take the car.
05:20We were just on vacation.
05:21I was in London, which is a notoriously expensive city.
05:23Yes.
05:24Going out to eat and drink was substantially less expensive, even with the currency.
05:28Like, you can get a glass of wine for, like, six to eight pounds.
05:30You can get a good, nice meal for, like, 25 pounds.
05:33And it was, like, a breath of fresh air.
05:35I just kept waiting for the check shock to come.
05:38And it would come, and I would be like, oh, okay.
05:40All right.
05:40All right.
05:40We have time for one more.
05:41One more, yes, please.
05:42Street Journal.
05:43A mother-daughter from Maysville, Kentucky turned down an offer to sell their farmland,
05:48which has been in their family for 200 years, to a company for $26 million.
05:53Wow.
05:53Why?
05:54At first they said-
05:54$26 million in Maysville.
05:55At first they said, yeah, okay, we'll do that.
05:57But they went, you know what?
05:57It's for data centers to fuel AI.
06:00And they said, we're not gonna do it.
06:02Not gonna do it.
06:03And so the family's sitting tight on their farmland.
06:06Wow.
06:06That's a tempting offer.
06:07This encapsulates the political debate.
06:09Yeah.
06:09A lot of controversy in this small town in Kentucky.
06:11Some people are selling.
06:13We don't know who the person is, who the company is, but this report says it's meta.
06:18Facebook's parent company.
06:18All right.
06:19It's really interesting.
06:20The debate used to be, you know, selling your land to mining companies or selling your
06:22land to, you know, oil frackers, and now it's selling your land to data centers.
06:26Data centers.
06:27Alexis, thank you very much.
06:28BTW here, as we call it.
06:30All of us here on the show weekly, giving us a look at those stories.
06:33You may have missed on the Bloomberg terminal at Bloomberg.com and other sites as well.
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