Business Rundown: Jobs Miss Expectations As Tariff Challenges Loom

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 5 September 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

August’s jobs report showed that the labor market is slowing, with only 22,000 jobs created—significantly fewer than the 75,000 expected. The news about the sluggish job market comes as Wall Street and Main Street grapple with uncertain economic conditions and fresh questions about tariffs. A federal appellate court is throwing out most of President Trump’s tariffs, though the decision is on hold until mid-October, meaning tariffs are still being collected for now. The President hopes the Supreme Court will weigh in and uphold his tariff policies. Gary Kaltbaum, president of Kaltbaum Capital Management and a Fox Business contributor, joins Fox Business’s Lydia Hu to break down the jobs report and explain why he thinks tariffs and other factors are making employers reluctant to hire. Then, Lydia speaks with Jeffrey Schwab, senior counsel and director of litigation at the Liberty Justice Center, who is representing some of the small companies legally challenging the administration’s Trump policies. Schwab explains why the president's implementation of his trade policy is unconstitutional and how those tariffs are harming his clients. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	I'll now hand you over to my best man, Eddie.
0:04.0	Wow, wow, wow, second time's a charm, eh, Billy Boy?
0:09.0	Oh God.
0:10.0	Substitution, courtesy of Paddy Power, embarrassing Eddie, makes way for sensible Samuel.
0:15.0	Cool, that was close.
0:16.0	You might not always pick the right starter, but your sub can still deliver.
0:19.0	Because with Paddy's super sub, your bet rolls over to the player coming on. Paddy Power. Valid on selected leagues and
0:24.3	markets only. Pre-match and in-play bets on qualifying player outcome selections only. T's and
0:27.8	exclusions apply. 18 plus scummelaware.org. Here's the truth about AI. AI is only as powerful as
0:33.7	the platform it's built into. Service Now puts AI to work for people across your business,
0:39.6	removing friction and frustration for your employees, supercharging productivity for your developers,
0:45.7	providing intelligent tools for your service agents to make customers happier,
0:49.8	all built into a single platform you can use right now. That's why the world works with ServiceNow.
0:56.5	Visit ServiceNow.com slash UK slash AI for people. I'm Lydia Who and this is the Fox Business Rundown.
1:08.8	Friday, September 5th, 2025, the August jobs report missing expectations, but giving investors
1:16.6	cheering for a cut to interest rates boosted hope.
1:20.1	I think it's a combination of a few things, and I expected probably to stay soft a little
1:25.5	bit going forward.
1:27.3	And even if the Fed cuts rates, that's not going to create a job.
1:32.4	It'll work itself out in time.
1:34.9	Today's jobs report showed the labor market is slowing.
1:38.7	Only 22,000 jobs created significantly less than the 75,000 expected. An unemployment rate ticked up by
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from FOX News Podcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of FOX News Podcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.