President Trump said he has directed his team to fire the commissioner of labor statistics just hours after the agency issued a weak July jobs report. The report showed lower job growth than forecast adding 73,000 jobs in July. A slight uptick in the unemployment rate to 4.2%.Hiring numbers for May and June were also significantly revised down showing that just 106,000 jobs were added in the past 3 months. Statisticians revised down how much growth we had in prior months by around a quarter of a million, wh ...

3 2 1 ignition. Engines full power and liftoff. Go Falcon. Go NASA. Go Crew 11.Alpha. >> Copy. >> Vehicle is pitching down range.>> Stage one. Bravo. >> And back.Ignition. That was absolutely transcendent. Ride of a lifetime.Thank you. This has been an incredible honor and it's my privilege now to pass me uh pass us along to Mike with some additional words. >> Boy, it's great to be back in orbit again.Thank you to SpaceX and NASA to get us here. What a ride. And uh Zena and Oleg, let me be the second to wel ...

President Trump signed an executive order slapping tariffs on virtually every country in the world, but there are some big exceptions and some big important uh details. This is an update to the so-called liberation day tariffs back in April. The big detail is that he delayed implementation for another week on most of the countries.So, we now have until August 7th. Administration officials say this is leaving room for some further negotiations. I will never count out the president.You've seen him do it befor ...

Steven is traveling to Israel. Yeah. Going to Israel and then he's going to Russia, believe it or not.Representative Marger Taylor Green has said that what is occurring there is a genocide. Do you agree. Oh, it's terrible what's occurring there. Yeah, it's a terrible thing.People are very hungry. You know, the United States gave $60 million to for food and uh it's a shame because nobody, you know, I don't see the results of it and we gave it to people that in theory are watching over it fairly closely. We w ...

According to recent data, the prices that Americans have been paying for brandame drugs are more than three times the price other similar similarly developed nations pay. The president is determined to solve this problem and took further action today. He has signed 17 letters to pharmaceutical companies CEOs and I would like to read you one of these letters to the CEO of Eli Liy.On May 12th, 2025, I signed an executive order delivering most favored nation prescription drug pricing to American patients to st ...

The government attaches the utmost importance to protecting and promoting the welfare of our farmers, workers, entrepreneurs, exporters, MSMES and all sections of industry. We will take all necessary steps to secure and advance our national interest. >> Do you expect something to happen before the deadline.>> Well, I don't I don't know what's going to happen. You know, it'll be up to India. India came to the table early.They've been slow rolling things. So I think that the president the whole trade team's a ...

South Korea was in an awkward position. Its key trading rivals in the European Union in Japan had secured an arrangement with Washington on things like autos and reciprocal tariffs. South Korea needed to make a deal.That's what we saw today. Because South Korea competes in major industries like semiconductors, autos, steel, and aluminum. And to see other countries have better arrangements with the US would have been unacceptable.If we look at the deals between Japan and South Korea, they're very similar in ...

Monetary Policy Stance - The Federal Reserve decided to hold interest rates steady for the fifth consecutive meeting, indicating a pause in rate adjustments [1] - Two Fed governors dissented, favoring interest rate cuts, marking the first time in over 30 years that two governors have dissented at a meeting [1] - The debate centers on whether tariff-related inflation should be treated as a one-off event or a persistent pressure [1] - The Fed is closely monitoring incoming data, including inflation numbers and jobs reports, to make future decisions regarding interest rates [5][6] - The Fed aims to manage inflation efficiently without causing unnecessary damage to the labor market [4] Economic Assessment - The US economy is considered to be in a solid position, with a low unemployment rate and a labor market at or near maximum employment [1] - Elevated uncertainty persists despite the economy's solid position [1] Future Outlook - The Fed has not made any decisions about potential interest rate cuts in September and will evaluate data to determine if the federal funds rate is appropriate [5] - The Fed acknowledges the risk of moving too soon (potentially not fixing inflation) or too late (potentially damaging the labor market) [4]

Trade Policy & Deadlines - The US is approaching an August 1st deadline for imposing reciprocal tariffs on nations without trade agreements [1] - Multiple trade deals have been made leading up to the August 1st deadline, including deals in Southeast Asia and with the European Union [2][3] - A deal with India seems unlikely, with potential for a 25% reciprocal tariff [3] - The August 1st deadline is firm and will not be extended [4] China Trade Relations - Tariffs on goods from China currently range from 50% to 55%, depending on the product [5] - The deadline for Chinese tariffs is August 12th, with potential for extension by 90 days [5][6] - If no agreement is reached and the deadline isn't extended, tariffs on China could increase from 50-55% to 80-85% [6] - US and Chinese delegations are in meetings to avoid escalating the trade war [6][7] Overall Impact - US tariffs are expected to be significantly higher than when the Trump administration took office [8] - The US is becoming a more protectionist economy [9]

President Trump has obviously invoked your name a lot. He has personally pressured you. Are you concerned the way that conduct might impact the Fed's independence going forward.>> I'll just say that um so I I think that having an independent central bank has been an institutional arrangement that has served the public well and as long as it serves the public well, it should continue and be respected. If it didn't serve the public well, then then it wouldn't be something that we should just automatically def ...