The MeidasTouch Podcast Trump Smothered by Awful News on Friday from Hell
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Aug 2, 2025 The latest discussions highlight Donald Trump's alarming Friday as job reports show the U.S. economy suffering with only 73,000 jobs added and significant manufacturing losses. Experts raise doubts about the accuracy of previous job gain reports. The narrative shifts to the labor market, revealing a drop in entry-level jobs alongside increasing demand for skilled trades. Whistleblower claims about evidence handling related to Trump and controversies surrounding Labor Secretary Lori Chavez-Doremer add further intrigue to the political landscape.
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Jobs Report Reveals Economic Weakness
- The July jobs report showed only 73,000 jobs created, mostly in healthcare and social assistance.
- May and June job numbers were heavily revised downward by 258,000 jobs, revealing prior overreporting.
Market and Media React to Job Weakness
- The stock market dropped sharply reacting to the bad jobs report and downward revisions.
- Even Fox News expressed surprise and concern about the weak employment numbers and the unemployment rate accuracy.
Negotiate Debt for Financial Relief
- If struggling with debt, use tough negotiators to communicate with creditors for permanent relief.
- Avoid loans or bankruptcy by negotiating down balances and eliminating penalties.