And as President Trump's tariffs take effect, various industries share, in their own words, the impact on their operations and their bottom lines. As we head out to break, we take a look at the auto industry and how it's being affected by tariff policy. Since inception, I really wanted to focus on American manufacturers.So about 95% of our supplier pool is domestic. Or so we thought. We're discovering that's not exactly true.Meaning many of our suppliers, the key components or elements of their products tha ...

President Trump reiterated his criticism of the Bureau of Labor Statistics, said he was close to picking a new Fed chair, and teased new tariffs on semiconductors. Joining me now, Muhammad Alerian, president of Queens College of Cambridge to talk about that and many other things. Muhammad, good to see you.Good morning, Julie. I would like to start with this whole situation over the Bureau of Labor Statistics, the BLS. Um, with President Trump's removal of the person who heads up that agency, what does that ...

The Swiss president is heading to the U.S. in a last-ditch effort to head off punishing tariffs that threaten to cripple key sectors of the country’s economy https://t.co/IZyIja1VwL ...

President Trump and Canadian Prime Minister Mark Carney are expected to hold talks in the coming days focused on tariffs. That's according to a Canadian trade official and it follows the president hitting Canadian goods with a 35% tariff. Joining us right now is Colin Robertson, a fellow at the Canadian Global Affairs Institute.He's also a former Canadian dipl diplomat. And Colin, how do you think we got to this position. Well, we got to this position because Donald Trump wants to impose major tariffs on Ca ...

Trump is winning a second chance for Smoot and Hawley, says @johnauthers. Time will tell if his tariffs play out the same way (via @opinion) https://t.co/hNcNBeYWmD ...

In addition to being an economist and an author and a professor at Harvard, you are also a chess player. A grandmaster. Yeah.Like a big deal chess player. Yeah. I represented the US in the world championships a long time ago.I was a more or less did nothing else during my high school years. You mostly probably play 3D chess, right, Ken. Not not 4D chess.Yeah. When we found this, we were like, we've got to ask uh Ken what he thinks of the thing that people are often saying about President Trump, which is tha ...

🇮🇳 JUST IN: Trump threatens to raise tariffs on India. https://t.co/9vSWz9W3nm ...

The trade imbalances that prompted President Donald Trump to slap hefty tariffs on Swiss imports have been driven by a small industry at the center of the world’s gold market https://t.co/Ugncyjoo7W ...

Let's bring in Jeremy Seagull, professor emmeritus of finance uh at University of Pennsylvania's Wharton School of Business and chief economist at Wisdom Wisdom Tree. I think you're Jeremy Professor, your ship's coming in. Uh the economy has been weaker than than people thought, I think.Yeah. Yeah. And first of all, I'm not going to let the BLS off the hook.I mean, you know, you talk about how to fix it. you know, make these questionnaires mandatory and give them a time limit to fill it out. Um, you know, I ...

Economic Indicators & Labor Market - US economy added 73,000 jobs in July, far lower than expected, with June and May numbers revised down by a combined 258,000 [2] - The White House defended the dismissal of the Bureau of Labor Statistics Commissioner despite accusations of data manipulation without evidence [3][4][5] - The jobs data revision is considered a historically important outlier, the biggest since 1968 [5][6][7] - Declining response rates to BLS surveys contribute to data inaccuracies [8][9] Trade & Tariffs - New tariffs on almost every US trading partner are set to come into effect [1][12] - Tariffs could lead to a slowdown in spending and hiring, potentially impacting the economy [14] - The probability of a Federal Reserve interest rate cut increased from approximately 40% to 75% following the release of weak jobs data [16] - Potential interest rate cuts by the Fed are expected to be gradual, possibly a quarter point in September and another in December [17] Political & Policy Impacts - The President plans to appoint a new head of the Bureau of Labor Statistics within 3-4 days [19][20][22] - Texas Democrats fled the state to block a Republican redistricting plan that aims to add five new GOP seats [31] - The Texas Governor is threatening to expel or extradite the lawmakers [32][38] Environmental & Disaster Impacts - Severe weather, including wildfires and flooding, is causing chaos across the US [43][44][45][46][47][48][49][50] - Wildfires in central California have burned approximately 40,000 acres [46] - The Dragon Bravo fire in Arizona has become the largest in the US, burning over 116,000 acres and is only 11% contained [47] - Air quality alerts are in effect in multiple states due to smoke from Canadian wildfires [45][52][53] - Heavy rainfall and flooding are impacting parts of the Southeast, with 10 million people affected [54]