One example of how incompetent the Bureau of Labor Statistics has become, a startup (@truflation) built a more accurate, real-time inflation calculation in a matter of months.We can’t be successful if we don’t use modern technology. ...

>> LIVE FROM WASHINGTON, D.C., THIS IS "BALANCE OF POWER" WITH JOE MATHIEU AND KAILEY LEINZ. JOE: WALL STREET ISN'T A BAD MOOD. WELCOME TO THE FRIDAY EDITION AS JOB GROWTH FALLS SHORT, PROMPTING A NEW ROUND OF CALLS FOR INTEREST RATE CUTS AS THE WHITE HOUSE PROCESS TERRORISTS FOR ALL ABOUT. -- IMPOSES TARIFFS FOR ALL ABOUT TRADING PARTNERS. A MASSIVE BREAKING STORY JUST MOMENTS AGO, YOU HEARD IT HAPPEN HERE ON BLOOMBERG. THE CORPORATION FOR PUBLIC BROADCASTING IS CLOSING DOWN, KAILEY, AFTER THE DEFENDING DE ...

The Bureau of Labor Statistics is horrendous at their collection of data, along with their calculation of economic data, but the President shouldn’t fire the organization’s leader right after a data print the administration doesn’t like.Fire the leader for the fact 1/3 of all inflation metric inputs are made up right now. Fire the leader for incompetence at measuring job growth during the last two administrations.Just do it when people aren’t going to claim it is a political decision. Distracts the conversa ...

It is impossible to trust many government economic data points.Job growth, inflation, and others are all manipulated or inaccurate.Insane problem! https://t.co/SimKILfSIo ...

The July jobs report coming in weaker than expected. President Trump just posting on Truth Social. Too little, too late. Jerome, too late.Powell is a disaster. Drop the rate. The good news is the tariffs are bringing billions of dollars into the USA.Clearly, the president thought that his tariffs were actually going to have this impact and therefore needed the Fed to make these moves. We're going to bring in Roger Ferguson right now. Uh former Fed vice chairman, now a CNBC contributor.What do you make of al ...

bluebay2014/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Microsoft and Meta earnings bring comfort (0:20). Intel left out in the cold (2:20). Post-earnings declines (3:35). Strange and somewhat surprising Fed dynamics (7:55). Earnings next week, AMD most interesting (13:10). Transcript Rena Sherbill: Brian Stewart, our director of news at Seeking Alpha, welcome back to Wall Street Roundup. Brian Stewart: Great to be here. Thank you. RS: Lot of earnings as promised. ...

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 ...