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]

RT David Hoffman (@TrustlessState)Yesterday, @SECPaulSAtkins gave the single most bullish statement made from the @SECGovHe wants to move American financial markets “on-chain”This statement is *uniquely* bullish #EthereumI argue why in a short article on @BanklessHQ - give a read! 👇👇 ...

RT Kristin Smith (@KMSmithDC)Today @SECPaulSAtkins announced Project Crypto - an "initiative to modernize the securities rules & regulations to enable America’s financial markets to move on-chain."A “180” from Gensler's SEC isn’t enough to describe it.I'm still not tired of winning. ...

Industry Overview - Crypto adoption in America is driving a revolution in global financial markets [1] Regulatory Landscape - The White House Digital Assets Report quotes Satoshi Nakamoto on secure and effortless transactions [1] Technological Advancement - Sei facilitates faster market movements [1]

President Trump is considering announcing and naming Fed Chair Powell's successor as early as this summer. What did you think of that. And what would that mean for monetary policy if that announcement were to be made sooner than expected.>> Well, the first thing I thought is I wish I didn't have to go to the Wall Street Journal podcast and talk about it. No. Um I I don't know what the president will or won't do.Um, you know, I'll just say that, uh, you know, we're in the business as the Federal Reserve of, ...

RT Paul Atkins (@SECPaulSAtkins)President Trump’s signing the GENIUS Act is a monumental step forward for crypto assets, financial markets, and our country.Thread 🧵⬇️ ...

Market Trends & Industry Dynamics - President Donald Trump's actions have the power to shake up global financial markets [1] - The focus is on whether President Trump will fire Fed Chair Jerome Powell [1]

Market Trends & Potential Risks - Donald Trump's second term is proving rockier for financial markets than his first [1] Data Resources - Economy tracker available for data exploration [1]

Amid geopolitical chaos, financial markets are learning to keep calm and carry on, write @ScouseView and @marcusashworth (via @opinion) https://t.co/TwmJlfLR3W ...

Fed Chair Nomination - The next Fed chair nominee will face scrutiny from Congress and financial markets [1] - The scrutiny will focus on the nominee's ability to resist pressure from the White House [1] Potential Concerns - Donald Trump's "relentless attacks" on Jerome Powell raise concerns about the nominee's independence [1]