We didn't get the September payrolls data this morning because of the government shutdown. But there are still ways to track the labor market - whether it's alternative data on your Terminal or talking to people with boots on the ground. Snap-on (SNA) Chairman and CEO Nicholas Pinchuk joins "Bloomberg Open Interest" to talk about the state of the US economy and the labor force.
Snap-On Incorporated specializes in manufacturing and marketing of tools and diagnostic equipment for professionals in transportation, industry, agriculture, aviation and government sectors. Income breaks down by activity as follows:
- sale of tooling (49.8%): hand tools (wrenches, screwdriver, sockets, pliers, saws, etc.), power tools (burin, sanders, polishers, etc.), cutters, tools for cutting and pruning, tools storage products, etc.;
- sale of diagnostic materials and software (22.2%);
- sale of industrial equipment (0.1%): parallelism of wheels measurement system, wheel balancing, tire changers, vehicle hoist, battery chargers, etc.;
- financial services (7.9%).
Income is distributed geographically as follows: the United States (71.3%), Europe (15.5%) and other (13.2%).
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