Trump Threatens to Halt Trade With Every Deficit Nation Unless the Fed Cuts Rates — A Wharton Professor Calls It Crazy. August Jobs Beat Est

Trump posted "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT," floating a total trade embargo with Canada, Mexico, and others as leverage against the Fed. A Wharton professor called the idea crazy, and Fed Chair Kevin Warsh just told Jackson Hole the Fed still has work to do on inflation, not room to cut. We explain why publicly attacking an independent Fed usually backfires. The August jobs report beat expectations at 162,000 added — good news, but after a year of downward revisions, don't get too attached to that number yet. And Mayor Mamdani just banned generative AI tools like chatbots for nearly 600,000 NYC students K-8 for a full year, while high schoolers still get AI literacy lessons. Good instinct on human connection, or a full year behind on the technology that's shaping their future? All of it today.

Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.

Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed