Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, May 17
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»Dow, S&P 500, Nasdaq tank as market confidence cracks under Trump tariffs, weak jobs data
    Stock Market

    Dow, S&P 500, Nasdaq tank as market confidence cracks under Trump tariffs, weak jobs data

    August 1, 20252 Mins Read


    President Trump said he has directed his team to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, who is responsible for producing the US monthly jobs reports.

    This comes after July’s print showed larger-than-normal revisions for the past two months, indicating that the labor market has been cooling for the past three months.

    “I was just informed that our Country’s ‘Jobs Numbers’ are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory,” Trump wrote on social media.

    “We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified,” he added.

    “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes. McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months. Similar things happened in the first part of the year, always to the negative.”

    Trump has been pressuring the Federal Reserve to lower interest rates. Policymakers this week decided to keep rates steady, with two dissidents voting for a rate cut.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleReactions to Trump’s tariffs from businesses and global trading partners
    Next Article Colorado’s soil health program takes a hit as the federal government pulls millions in funding from the Climate Smart Commodities grant 

    Related Posts

    Stock Market

    Indian stock market: How are Sensex and Nifty 50 likely to perform next week amid ongoing US-Iran war?

    May 16, 2026
    Stock Market

    This Stock Market Alarm Is the Loudest It’s Been in 25 Years. Here’s Where History Says the S&P 500 Is Headed.

    May 16, 2026
    Stock Market

    Goldman Sachs doubles down on stock market message for 2026

    May 16, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    L.A. Water and Power ranked most sustainable utility provider

    August 29, 2024
    Investing

    Could Investing $100,000 in Realty Income Make You a Millionaire?

    July 27, 2024
    Utilities

    United Utilities launches £2.3m Northwich sewer project

    July 21, 2025
    What's Hot

    Massive Upside for Bitcoin? Author Adam Livingston on ‘Mother-of-All Liquidity Pivots’

    October 26, 2025

    Plymouth’s Penn Theatre wins dispute with city over property tax exemptions

    August 28, 2024

    Millions of drivers could be due major payout after new finance update

    September 10, 2025
    Most Popular

    SoCal Edison Billed Me for Someone Else’s Account – NBC Los Angeles

    August 21, 2024

    glisse à 102.400€ avant l’inflation PPI américaine

    May 14, 2025

    Finance leaders strongly support forward-thinking firms

    November 19, 2025
    Editor's Picks

    Amentum joins United Utilities’ commissioning framework

    April 26, 2026

    BTC Demand Cools After Fed Presser, Volatility Ramps Up

    July 30, 2025

    TBTC soutenu par Bitcoin de Threshold fait ses débuts sur SUI, débloquant 500 millions de dollars de liquidité

    July 7, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.