U.S. Shed Jobs in July, Lowering Expectations of a Fed Rate Hike
Summary
The U.S. unexpectedly lost 23,000 jobs, dampening Fed rate hike expectations and boosting stocks. A federal court halted construction on Trump’s White House ballroom, while he renewed efforts to fire Fed Governor Lisa Cook. Meanwhile, wealthy New Yorkers face legal and financial hurdles avoiding a new pied-à-terre tax. Other stories include a suspected Russian drone attack in Germany, Puerto Rico’s water rationing, and Boeing inspections.
Topics discussed
Intro: Jobs report, White House ballroom, and NYC tax
Analysis: Unexpected job losses and Fed rate hike implications
Markets: Stocks rise as rate hike expectations cool
Politics: Senator backs Trump's AG pick Todd Blanche
Legal: Court halts construction on White House ballroom
Politics: Trump attempts to fire Fed Governor Lisa Cook
Ad break: Energy and natural gas infrastructure
World: Drone attack in Germany linked to Russia
US News: Puerto Rico begins water rationing due to drought
NYC: Lawsuits and loopholes regarding pied-à-terre tax
Business: Boeing inspections, Ford Mustang sedan, Whatnot valuation
Outro: Upcoming shows and production credits
Ad: Kia Sorento commercial
Listen ad-free on Castria