Tariffs, Fed Vote, Jobs & More: Major Week For U.S. Economy

The Lead with Jake Tapper

CNN

News

4 • 1.6K Ratings

🗓️ 2 August 2025

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump announces a slew of new tariffs. Also, President Trump deploys two nuclear submarines after what he calls provocative statements by Russia’s former leader. Plus, a look at what CNN is learning about the transfer of Ghislaine Maxwell to a prison in Texas. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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1:01.9	This is CNN Breaking News. Welcome to the lead. I'm Phil Mattingly in for Jake Tapper.
1:08.3	We start with breaking news on a number of fronts.
1:11.1	The Dow finishing its worst week since April.
1:14.1	The S&P posting its worst day since May and the NASDAQ having its worst day since April as well.
1:20.0	Before the bell, well, the numbers, they were already down on the heels of that massive sweep of tariffs.
1:25.0	President Trump announced to be implemented in a week and on the
1:28.4	news of the weaker-than-expected jobs report that came out this morning. But then, a stunning twist
1:34.1	from the president. This afternoon, he fired the person who oversees those jobs reports.
1:39.6	Dr. Erica McIntyrefer, nominated by President Biden, overwhelmingly confirmed by the Senate
	...

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