A Recession Is Coming

August 02, 2024

Good Evening 🇺🇸,

What Happened Today,

Dow, S&P 500, Nasdaq have worst session since 2022

U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July jobs report released Friday.

www.foxbusiness.com/markets/dow-sp-500-nasdaq-plummet-recession-fears

-Stock Market takes another big hit as weak jobs report comes in, DOW down 600 points, S & P about 100

-Tik Tok has been sued by the Justice Department over alleged child privacy violations

Jobs report stokes fears Fed may have waited too long

Rising unemployment and slowing job gains are reinforcing concerns among some Fed watchers that the central bank is 'behind the eight ball.'

finance.yahoo.com/news/jobs-report-stokes-fears-fed-may-have-waited-too-long-145226930.html

-Jobs report comes in, unemployment rate of 4.3% higher than expected, signaling recession could be near

-Kamala Harris is officially the Democratic Party’s nominee for President after getting enough delegates

Quote of the day:"The great achievements of civilization have not come from government bureaus. The impulse has been entirely from the free market." - Milton Friedman

Have a great night!