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Iran refutes Trump’s claims of ceasefire deal with Israel, but signals readiness to end hostilities

#IranIsraelConflict

Trump Fires Data Chief on Bad Job News, Gets Chance to Tilt Fed

https://www.bloomberg.com/news/articles/2025-08-02/trump-fires-data-chief-on-bad-job-news-gets-chance-to-tilt-fed?utm_source=website&utm_medium=share&utm_campaign=copy

President Donald Trump on Friday fired Bureau of Labor Statistics Commissioner Erika McEntarfer, hours after the agency reported that job growth in the U.S. had slowed to a near-halt.

“We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,” Trump posted on Truth Social.

The stunning move came the same day that the BLS reported a gain of just 73,000 nonfarm jobs in July, below market expectations.

Democratic Sen. Ron Wyden of Oregon called President Donald Trump’s firing of Bureau of Labor Statistics Commissioner Erika McEntarfer “the act of somebody who is soft, weak and afraid to own up to the reality of the damage his chaos is inflicting on our economy.”

Senate Minority Leader Chuck Schumer of New York called Trump a “bad leader” who “shoots the messenger” for a weaker-than-expected U.S. jobs report.

Labor Secretary Lori Chavez-DeRemer said in a post on X that BLS Deputy Commissioner William Wiatrowski will serve as Acting Commissioner” of the BLS until a permanent replacement is installed.

U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market.

Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels.

Thailand launches airstrikes on Cambodian military targets in major escalation of border dispute

UK inflation rose to a hotter-than-expected 3.6% in June after reaching 3.4% in May.
The inflation data will be closely looked at by the Bank of England ahead of its next meeting in August.
The U.K. is battling stubbornly high inflation rate and lackluster economic growth.

Inflation picks up again in June, rising at 2.7% annual rate

China’s second-quarter GDP growth slows to 5.2% as economists warn of mounting headwinds

#ChinaEconomy

Trump announces 30% tariffs on EU and Mexico

UK economy contracts again in May, missing expectations for slight rebound

Trump announces 35% tariffs on Canada starting Aug. 1

Trump says he will impose 50% tariff on copper imports

Trump threatens to impose up to 200% tariff on pharmaceuticals ‘very soon’

#TrumpTariffs

The United States will impose 25% blanket tariffs on imports from Japan and South Korea starting Aug. 1, President Donald Trump revealed.

US Commerce Secretary Lutnick says tariffs take effect on August 1

#TarriffsPause

The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says

Powell confirms that the Fed would have cut by now were it not for tariffs

Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have easier monetary policy by now if not for President Donald Trump’s tariff plan.

When asked during a panel if the Fed would have lowered rates again by now had Trump not announced his controversial plan for levies on many foreign trading partners earlier this year, Powell said, “I think that’s right.”

#PowellSpeech

China confirms details of U.S. trade deal

China says it will review and approve eligible licenses for items subject to export control rules.

The U.S. will correspondingly cancel a range of existing restrictive measures imposed against Beijing, the statement said.

U.S. President Donald Trump said Thursday that “we just signed with China yesterday.”

#USChinaTradeTalks
#USChinaTariff

Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows

Iran-Israel war: Israel accuses Tehran of violating Trump’s ceasefire
#IranIsraelConflict

Iran launched what it called a “powerful and destructive missile strike on the U.S.′ Al-Udeid military base in Qatar.”

The attack came in retaliation for U.S. B-2 bombers and cruise missiles striking nuclear development facilities in Iran on Saturday

Qatar’s Foreign Ministry spokesman, in a statement on X, said, “We express the State of Qatar’s strong condemnation of the attack on Al Udeid Air Base by the Iranian Revolutionary Guard Corps, and consider it a flagrant violation of the State of Qatar’s sovereignty and airspace, as well as of international law and the United Nations Charter.”

“We affirm that the State of Qatar reserves the right to respond directly in a manner proportional to the nature and scale of this blatant aggression and in accordance with international law,” the spokesman said.

#MiddleEastTensions

Iran attacks U.S. military base in Qatar with missiles