Market Performance and Investor Sentiment
At 7 PM ET, major market headlines reveal that the S&P 500 experienced its most robust week since June, despite the initiation of Trump's broad tariff measures. Investor optimism remains resilient amid these developments.
Federal Reserve Chair Search
Meanwhile, President Trump's team is broadening its search for a new Federal Reserve chair, considering candidates such as former St. Louis Fed President James Bullard and ex-adviser Marc Sumerlin, a veteran of the George W. Bush administration.
International Developments
In international news, Russian President Vladimir Putin offered to pause hostilities in exchange for Eastern Ukraine, sparking discussions of a summit with President Trump. Subsequently, Trump indicated a potential meeting scheduled in Alaska on August 15.
Gold Market Surge
Gold futures surged to record heights following clarification from a U.S. agency that tariffs will now apply to one-kilo gold bars, causing upheaval in the global bullion market.
U.S. Political and Economic Outlook
Back in the U.S., President Trump issued a reminder to corporate leaders abou...