Trump's tax bill faces an uphill battle in the House, labor market softens, plus Fed rate cuts

Market Catalyst anchor Brad Smith breaks down the latest market movers for July 2, 2025. President Trump's tax bill faces an uphill battle as it heads to the House after narrowly passing the Senate. Any changes to the bill would send it back to the Senate and make reaching the president's deadline difficult. Wall Street Journal Chief Economics Correspondent Nick Timiraos speaks with Brad about the outlook for Fed rate cuts as the ADP report showed an unexpected decline in private payrolls in June. This cont ...