1. Trump Fires L#abor Statistics Chief
President Trump dismissed Erika McEntarfer, the Commissioner of the Bureau of Labor Statistics, shortly after revised job numbers revealed a loss of 258,000 jobs. He accused her of manipulating data to benefit opponents ahead of the 2024 campaign—a claim widely dismissed by economists. Critics warn that politicizing economic data jeopardizes its credibility .
2. Tariffs and Market Turmoil
The jobs report triggered a steep market reaction, while Trump's new tariffs—affecting over 60 countries—have spooked global investors. He has delayed the start of some tariffs to August 7 as negotiations continue. Tariffs on Indian goods (25 %) and retaliatory restrictions remain in play, escalating tensions in diplomatic and economic arenas .
3. Nuclear Submarines Deployed
In response to provocative remarks by Russia's former president Dmitry Medvedev, Trump ordered two U.S. nuclear submarines repositioned near Russian interests. It's part of a growing geopolitical standoff amid the ongoing war in Ukraine .
4. Pressure on the Federal Reserve
Trump has publicly criticized Federal Reserve Chair Jerome Powell, calling him a “stubborn idiot” and urging the Fed board to take control if rate cuts aren't forthcoming. This comes as inflation concerns intensify and he pushes for economic stimulus via lower borrowing rates .
5. “Rage Against the Regime” Protests
A nationwide wave of protests titled “Rage Against the Regime” is set for today, August 2, opposing Trump’s administration. Organized across multiple U.S. cities, tens of thousands are expected to participate in coordinated demonstrations .
6. Shutdown of Public Broadcasting
The Corporation for Public Broadcasting is slated to shut down after Congress defunded it. Trump’s administration had long criticized federal support for public media, and this marks a significant shift in U.S. broadcast policy and its federal relationship .
7. Sports Council Controversy
NFL star Nick Bosa was appointed by Trump to the President’s Council on Sports, Fitness, and Nutrition. While intended to promote youth health initiatives, the appointment has reignited controversy due to Bosa’s alignment with conservative politics