Garrett, unemployment up, employers pulling back on hiring. It's not a good picture for a White House right now. How's the administration responding this morning.Yeah, on a no formal statement from the White House yet, a lot of the president's allies in the Republican party have tried to point to the broader health of the overall economy as a way of downplaying these numbers. But just a short time ago, one of the president's top economic adviserss acknowledged that his these numbers are troubling, particula ...

Joining us now, NBC News senior White House correspondent Garrett Hake, NBC News senior policy reporter Shannon Pettyp, and Neil Irwin, chief economic correspondent at Axios. Okay, Shannon, let me start with you. A ton of economic news this morning.This jobs report, a big pullback from employers. What's the the top line here. Yeah, I mean, a real slowdown in the job market and it makes the job market look increasingly shaky.I mean, we've been hearing from employers for a while that they had hiring freezes i ...

because the supply picture has. Just really tightened. >> Yeah.All right. Let's let's dig further into both tariffs. And of course this jobs number.Joining us is Goldman Sachs chief economist Jan Hatzius. Good to have you here on on on jobs Friday always. But in particular give me your reaction not just to the number for July but the revisions of course, which we've been focused on.>> Yeah, I think it's the revisions, the July payroll number and also the household survey, which also shows quite a bit of sof ...

ALERT: Very big drop in real-time inflation.The Federal Reserve should cut rates immediately. https://t.co/KoObj2bTQx ...

at 8:30. Speaking of, we got more economic data just crossing. Rick Santelli has that for us.Rick. >> Yes, David. Let's start out with June construction spending down 4/10en of a percent.We're expecting an unchanged number. Uh that would equal last month with a revision, which equals down 4/10 now, but you have to go to March to find a bigger drop in construction spending. ISM on the manufacturing side, the headline number comes in light at 48.0%.That means it's the fifth consecutive number in contraction t ...

Joining me now is Cleveland Fed President Beth Hammack. And Beth, if we only had something to talk about this, I mean, it's been a really quiet and quiet morning. Yeah.Were you gobsmacked by these numbers. It was a disappointing report, to be sure. But when I look at the data, we don't try not to make too much of any one individual report. And so we look at the confluence of data. We look at the longer term picture.What we have is a labor market that is showing signs that we should be watching carefully, ha ...

💥BREAKING:U.S. INFLATION DROPS TO 1.67% WHILE THE LABOR MARKET WEAKENS.POWELL IS TRAPPED.RATE CUTS ARE COMING. 🚀 https://t.co/8VzrQW4H1H ...

Key Takeaways Bitcoin dipped below $116K after hitting an all-time high, weighed by rate delays and tariff concerns.IBKR, HOOD, V, and PYPL show strong earnings growth and recent upward revisions in estimates.Visa is expanding stablecoin settlement on Solana, while PayPal and HOOD grow crypto payment services.The cryptocurrency rally has slowed over the past couple of days, with Bitcoin (BTC) retreating from its all-time high. Several factors have been weighing on the crypto market, but the decline is tempo ...

News just out from the Fed is on the Fed governors who dissented at this week's meeting. Steve Leeman joins us right now. He's got more on that front.Hi, Steve. Hey. Uh, governors Waller and Bowman continuing that tradition of explaining their descents on the Friday after the meeting.And, uh, they're both saying why they, uh, wanted or preferred a quarter point rate cut. Waller saying that tariffs are one-off price increases and do not cause inflation. Echoing uh, speeches he gave before the meeting.He said ...

Pakistan’s inflation accelerated after the government increased domestic fuel prices, vindicating a decision by policymakers two days ago to unexpectedly keep policy rate unchanged. https://t.co/RC0liPFlZN ...