Dow falls after weak July jobs report, downward revisions to May & June, concerns about tariffs; Pres. Trump first BLS head, calls jobs numbers 'rigged'

Wall Street falls after a weak July jobs report, combined with a downward revision to the jobs numbers for May and June and concerns about President Donald Trump's tariff schedule, finalized overnight with rates ranging from 10% to 50% for dozens of countries' President Trump fires the head of the Bureau of Labor Statistics, citing the jobs numbers revisions, calling her a "Biden Political Appointee" and saying, "She will be replaced with someone much more competent and qualified"; President again calls on the Senate to cancel August recess and stay in session to confirm a large backlog of his nominations… Senate Republicans have asked the Democrats to bundle some nominations and approve them with a voice vote, but the Democrats have refused; Texas House Committee on Congressional Redistricting holds its first hearing since the Republicans put forth a proposed new district map designed by their own admission to give them an advantage in five more U.S. House seats; former President Joe Biden warns the country is facing 'dark days' under President Trump. Learn more about your ad choices. Visit megaphone.fm/adchoices