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The Fox News Rundown

Business Rundown: The Fed's Rate Cut Waiting Game Raises Scrutiny

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 4 August 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Stock index futures saw a moderate bounce this morning, recovering after last week’s disappointing hiring slowdown in the jobs report and investors’ knee-jerk reaction to tariff jitters. FOX Business The Big Money Show co-anchor Jackie DeAngelis speaks with Annex Wealth Management chief economist Brian Jacobsen about the surprise in the jobs report, why the Fed has waited this long to cut rates, and how missing the opportunity to cut earlier could force Powell’s hand in September. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

If I get my kid a phone, I'll be able to keep in touch with them all the time.

0:02.8

We'll be on it all the time.

0:04.1

He could walk to school by himself. She could see something, she shouldn't. He could chat with grandma. Friends, trolls. They can access anything on the internet. They can access anything on the internet. So, should I give my kid a phone? Growing up with phones isn't always easy. Introducing EEE safer Sims. Sims that help moderate usage and shield harmful content on any smartphone.

0:24.2

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0:21.4

usage and shield harmful content on any smartphone. Choose EEE safer Sims. Only on the UK's best

0:26.9

network. To verify best network see EE.com.uker. I'm Jackie DeAngelis and this is the Fox

0:32.2

Business Rundown. Stock Index futures saw a moderate bounce this morning recovering after last week's disappointing jobs numbers and investors knee-jerk reaction to tariff jitters.

0:47.3

They had the Fed meeting, then they got the labor market data shortly thereafter, realized, oops, we made a mistake. July, they should have cut,

0:55.8

but they didn't, and so they do have an opportunity to course correct come September.

1:00.3

Plenty of economic data out last week, the top stories revolving around trade developments

1:04.9

and jobs data. On Thursday, the Trump administration demonstrated they are still hard at work

1:10.1

negotiating on trade,

1:11.6

noting that many nations have still yet to come to the table to sufficiently address our trade

1:16.9

imbalances. The president signed an executive order on Thursday evening turning up the heat in negotiations

1:23.2

by raising the universal tariffs to 15% on nations with whom the U.S. has a trade deficit with.

1:30.9

Meanwhile, a hiring slowdown became the main driver for market concerns last week with the Bureau

1:35.7

of Labor Statistics on Friday reporting that the economy had added just 73,000 jobs in July,

1:42.1

and they also revised May and June's numbers down by over 200,000 jobs.

1:47.5

President Trump was critical of this report and the downward revisions, firing his BLS

1:52.5

commissioner, saying, quote, she will be replaced with someone much more competent and qualified.

1:57.7

Important numbers like this must be fair and accurate.

2:08.6

Meantime, stocks are studying this morning as investors take the jobs number as a sign that the Fed will likely cut rates next month. I think that the Fed would have rather had that employment report before they met instead of after,

...

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