The Defenestration of the BLS Commissioner
The bureau reported that only 73,000 nonfarm jobs were added in July, well below expectations. It also revised May and June numbers, erasing a combined 258,000 jobs from earlier employment estimates—the biggest downward revision since the pandemic.
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Europe's concerns may be getting through as White House reframes Trump-Putin summit
It's beginning to feel like "Midnight Sun" diplomacy. In parts of Alaska, the sun doesn't set in summer, casting light through the night but leaving you disorientated. Ukraine latest: Zelenskyy reject's Putin's proposal The Trump-Putin summit is pitched as "transparent" but it's difficult to find any path to peace right now. White House press secretary Karoline Leavitt has reduced it to a "listening exercise" where will seek a "better understanding" of the situation. There isn't much to understand - Russia wants territory, Ukraine isn't ceding it - but Ms Levitt rejects talk of them "tempering expectations". It's possible to be both hopeful and measured, she says, because Mr Trump wants peace but is only meeting one side on Friday. It's the fact that he's only meeting that concerns European leaders, who fear Ukraine could be side-lined by any Trump-Putin pact. claims Mr Putin wants the rest of Donetsk and, in effect, the entire Donbas region in eastern Ukraine. He's ruled out surrendering that because it would rob him of key defence lines and leave Kyiv vulnerable to future offensives. European leaders - including Sir Keir Starmer - will hold online talks with Mr Zelenskyy twice on Wednesday, on either side of a virtual call with Mr Trump and US Vice President . Their concerns may be getting through, hence the White House now framing the summit as a cautious fact-finding exercise and nothing more. The only thing we really learned from the latest news conference is that the first Trump-Putin meeting in six years will be in Anchorage. Alaska itself, with its history and geography, is a layered metaphor: a place the Russians sold to the US in the 1800s. Read more: A remote but strategic frontier where the lines of ownership and the rules of negotiation are once again being sketched out. On a clear day, you can see Russia from Alaska, but without Mr Zelenskyy in the room, it's difficult to see them conquering any summit. In the place where the sun never sets, the deal might never start.
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Electric vehicle sales growth eases to 21% in July, research firm says
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Cisco and Brinker earnings, Fed commentary: What to Watch
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