CNN 5 Things Trump teases new hire, Musk's pay package, SC governor hopeful & more
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Aug 4, 2025 Donald Trump hints at a new Bureau of Labor Statistics head, stirring up political debates. Tesla’s board approves a massive pay package for Elon Musk, raising eyebrows among shareholders. Insight into the struggles of Afghan girls seeking education is shared after gaining access to a Taliban-approved school. Plus, a Republican Congresswoman declares her candidacy for governor in South Carolina, highlighting a dynamic political landscape.
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Controversy Over Job Report
- President Trump claimed the July jobs report was rigged, firing the BLS commissioner over job number revisions.
- Senate Minority Leader Chuck Schumer condemned Trump's claims and firing as baseless.
Trade Tariff Negotiations Update
- The U.S. extended the tariff deadline to August 7 to negotiate trade deals, with no expectations of rate reductions soon.
- Talks between the U.S. and China to extend the tariff pause by August 12 remain ongoing without agreement.
Tesla CEO Musk's Pay Package
- Tesla CEO Elon Musk is receiving a new $29 billion pay package mostly through stock options, despite past shareholder lawsuits.
- Musk earns no salary or bonus and is refocusing fully on Tesla amid criticism over his political involvement and stock decline.