In this issue of Forbes Daily:- Trump’s tariffs on nearly all key U.S. trading partners will go into effect Thursday- Workers at Boeing’s St. Louis defense factories went on strike- How small business can survive Google’s AI OverviewRead more: https://t.co/nZNANKFtwS ...

Boeing leaders face another picket line after machinists in its St. Louis-area defense business rejected their latest contract offer https://t.co/Fow6kICgQC ...

Boeing Defense Workers Begin Striking For First Time Since 1996 After Rejecting Contract Offer https://t.co/E7cfLKsdHH https://t.co/E7cfLKsdHH ...

More than 3000 Boeing defense workers have gone on strike for the first time since 1996 after rejecting a 20% pay rise. Want to bring in Bloomberg's Danny Lee, who's been covering the story for us. Danny, walk us through the implications for Boeing when it comes to the strike.Yeah. Pretty good morning. So we are just this strike is now a little under 4 hours and affecting defense machinists, union defense machinists in Saint Louis, Missouri.And it's the first time, as you said, they've gone on strike since ...

Economic Overview - The U.S. economy added only 73,000 jobs in July, significantly below the expected 104,000, with downward revisions in May and June erasing a total of 258,000 jobs, marking the largest two-month revision since May 2020 [1] - The unemployment rate increased to 4.2%, aligning with forecasts but remaining near historic lows [1][2] Market Reactions - Wall Street analysts are reassessing their economic forecasts due to the disappointing July jobs report, indicating a potential loss of strength in the labor market [2] - Following the weak labor market data, market expectations for a Federal Reserve interest rate cut in September surged to 80%, up from 38% the previous day [3] Federal Reserve Insights - Leslie Falcone from UBS Global Wealth Management anticipates the Fed will begin cutting rates in September, with a total of about 100 basis points in consecutive cuts [4] - Fed officials had previously expressed concerns about labor market softness, which now appear to be validated [5] Trade Tensions - Recent escalations in trade tensions, including a surprise 39% tariff on Switzerland by President Trump, have added to investor uncertainty, catching markets off guard [6] Investment Strategies - In light of economic uncertainty, investors are advised to consider defensive exchange-traded funds (ETFs) that may provide stability [7] - Specific ETFs mentioned include: - Invesco QQQ Low Volatility ETF (QQLV), which tracks low volatility stocks within the Nasdaq-100 Index and charges 25 basis points in fees [8] - Cullen Enhanced Equity Income ETF (DIVP), focusing on large-cap, dividend-paying companies with a yield of 7.31% and charging 55 basis points in fees [9] - S&P 500 Dividend Aristocrats ETF (NOBL), targeting companies with a history of increasing dividends for at least 25 years, charging 35 basis points in fees [10] - First Trust Utilities AlphaDEX Fund (FXU), designed to identify stocks from the Russell 1000 Index that may generate positive alpha, charging 63 basis points in fees [11][12] - US Aerospace & Defense iShares ETF (ITA), measuring the performance of the aerospace and defense sector, charging 40 basis points in fees [13]

Welcome back to Squawk. China reportedly squeezing the supply of critical minerals it supplies to Western defense companies. Wall Street Journal reporting that China began letting more rare earths flow when trade tensions cooled back in June.But now supplies minerals specifically used for defensive uh for defense I should say have remained tight. Reports say the prices of some key minerals have now increased five or six times. Yesterday on CBS's Face the Nation, US trade representative Jameson Greer said th ...

President Trump said he will announce a new Fed governor in the coming days, Workers at Boeing’s defense factories are striking and UBS settles with the US. Get all the news you need to start your day on the Bloomberg Daybreak podcast. https://t.co/7RQtwNM51i ...

Boeing leaders face another picket line Monday after machinists in its St. Louis-area defense business rejected their latest contract offer. https://t.co/EY0frH3TpI ...

Boeing Defense Workers Set To Strike For First Time Since 1996 After Rejecting Contract Offerhttps://t.co/s9YN40xyRo https://t.co/nxxkTk9sAX ...

Breaking: Boeing Co. is bracing for the first strike in nearly three decades at its St. Louis-area defense factories after union members rejected the company’s modified contract offer. https://t.co/2zAxGo3Wgr ...