There is no return policy for employment numbers

After the figures for American jobs for May and June, revised considerably downwards by the Bureau of Labor Statistics – reducing 258,000 combined previous figures – President Donald Trump, imputing political prejudices and the manipulation of data to the BLS commissioner, Erika McENTARFER, revised its status of employment at the “end”.

Government representatives on both sides of the political aisle had a lot to say about it.

“In the end, Trump wants to cook books,” said Ron Wyden, the best democrat of the Senate financing committee. Meanwhile, Republican Senator Rand Paul told NBC News that “you can’t really make the figures different or better in dismissing people who were counting”.

This decision, in fact, has a puff of the Chinese government in August 2023, stopping the release of unemployment for young people because they stood to record heights. (Beijing resumed data dissemination in January 2024.)

A falling tree makes a sound, that there is someone around hearing it. Completing the person who reports that noise does not suck the sound waves in a vacuum.

The markets were also vocals in their response to the dismissal by Trump of Mcentarfer as well as to the report of dismal jobs. On Friday, the three main American indices have experienced their worst day for months, a net turn compared to the previous week, which had consecutive days of record heights for the S&P 500 And Nasdaq Composite.

This changes the calculation. With new prices that should take effect on August 7 – which could still slow hiring in the United States due to the increase in costs and uncertainties for businesses – the economy and markets could weaken more. Then, it becomes a question of whether the “tacos trade” – “Trump always for chickens” -, in the words of the terminator, will be back.

– Jeff Cox, and Mangan contributed to this report

The cracks appear on the American job market. The non -agitated payroll in July increased by 73,000, below the estimate of Dow Jones of a gain of 100,000. Unemployment increased by 10 base points to 4.2%. The June and May employment numbers have been revised considerably lower.

Trump dismisses the Labor Statistics Commissioner after the job report. In a social position of truth, the American president accused BLS Commissioner Erika MCENTARFER of being a policy which “simulated job figures before the elections” and provided inaccurate data.

Actions have been undergoing their worst day for months. On Friday, the S&P 500 lost 1.6%, its worst day since May 21, breaking a 26 -day sequence when the index movements remained in a 1%range. The pan -European Stoxx 600 index fell 1.89%, its greatest drop since April.

Berkshire Hathaway’s Operating Profit BROPS. From year to year, the Warren Buffet conglomerate experienced a 4% drop in second quarter income to $ 11.16 billion. Berkshire warned against Trump’s prices and their impact on his businesses.

(Pro) August is historically the second month of the worst for the S&P 500. It is according to the almanac of the merchant of actions, which goes up the data to 1988. Pricing developments and the profits related to AI during the week will give a sign of if history will be repeated.

Switzerland at the Swiss price: the 39% American do not strike anyone to come

The American taxation of a rate rate of 39% on Switzerland was a shock for the Alpine nation. Indications in the Swiss press were that the country was about to negotiate a line agreement similar to those concluded by the European Union, the United Kingdom and Japan, which set reference rates between 10% and 15%.

Instead, he received one of the highest rates in all countries. It is an important blow, the United States representing about a sixth of the total exports of Switzerland.

– Jenni Reid