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WSJ Minute Briefing

Weak Jobs Report and Tariff Blitz Push U.S. Stocks Lower

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6631 Ratings

🗓️ 1 August 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

A softer-than-expected July jobs report and President Trump’s revamped tariff plan weighs on markets. Plus: Amazon reports disappointing growth. Reddit swings to a quarterly profit on AI improvements. And First Solar’s earnings and revenue guidance beat expectations. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Race the rudder, raise the sails, raise the sales!

0:05.0

Captain, an unidentified ship approaching. Over.

0:07.0

Roger that. Wait, is that an enterprise sales solution?

0:13.0

Reach sales professionals, not professional sailors.

0:17.0

With LinkedIn ads, you can target the right people by industry, job title, and more. To get

0:21.6

100 pounds off your first campaign, go to LinkedIn.com slash lead to claim your credit. That's

0:26.9

LinkedIn.com slash lead. Terms and conditions apply. Here's your closing bell brief for Friday,

0:36.3

August 1st. I'm Charlotte Gartenberg for the Wall Street Journal.

0:39.7

U.S. markets were lower across the board today. The Dow Industrials fell 1.2% while the NASDAQ composite led losses with a drop of 2.2%.

0:51.6

The declines were fueled by a weaker than expected July jobs report and President Trump's

0:57.7

new tariff plan. The new tariffs affect a number of countries, including Canada, Switzerland,

1:03.5

and Taiwan. The weak jobs report increased investor bets that the Federal Reserve will cut rates.

1:10.5

After the report, President Trump said he directed

1:13.0

his team to fire the top Bureau of Labor Statistics official. Among individual companies,

1:19.4

chairs of Amazon ended down 8.3% after the company's cloud computing arm reported disappointing

1:25.9

growth. The industrial supplies company, W.W. Granger, slid over 10% after cutting its profit outlook due to tariff-related factors.

1:35.9

The solar energy company First Solar rallied 5.3% on earnings and revenue guidance that beat expectations.

1:43.8

Shares of Reddit jumped more than 17%

1:46.7

after the social media platform swung to a quarterly profit driven by AI improvements. And the

1:54.0

software company Figma moved 5.6% higher after soaring 250% in its stock market debut yesterday.

2:03.4

Heads up, an artificial intelligence tool helped us make this episode by creating

2:07.9

summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

...

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