“What ended up coming up on Friday, which people should know, is that the jobless rate and numbers were disappointing.” – 02:12

Peter Tuchman, Senior Floor Trader at TradeMas, joins Remy Blaire at the New York Stock Exchange to discuss the current state of the U.S. stock market, which has started the month on a negative note due to a weak jobs report and new tariffs from the Trump administration. The unemployment rate has ticked up to 4.2%, and nonfarm payrolls have missed expectations, leading to downward revisions for previous months.

Peter shares his insights on the market’s volatility and the factors influencing it. The pair discuss the mixed signals from the Federal Reserve regarding potential interest rate cuts, especially in light of disappointing economic data released on Friday. Peter highlights that while the market is reacting positively to the prospect of a rate cut, there are still many uncertainties, particularly surrounding trade deals and tariffs.

Lastly, Peter analyzes the impact of tariffs on retail investors and consumers. Peter explains how companies like Amazon are absorbing some of the costs associated with tariffs, while others may pass these expenses onto consumers, leading to higher prices. He stresses the importance of understanding how these tariffs affect everyday Americans and the broader economy.

“the AI theme is doing extremely well.” – 05:03

Chris Versace, CIO of Tematica Research, joins Remy Blair to discuss the current state of the U.S. economy and the implications for the stock market as we kick off a new trading week. Chris shares his insights on the latest jobs report and its surprising revisions, which have raised concerns about the true speed of the economy.

The pair begin the discussion breaking down the disappointing jobs report released on Friday, which showed a gain of only 73,000 jobs, along with significant downward revisions for the previous months. This has led to a slight uptick in the unemployment rate to 4.2 percent, prompting economists to voice concerns about stagflation. Chris emphasizes the importance of triangulating the data from various reports, including the private and public sector employment figures.

Chris explains that while some progress has been made in trade negotiations, the higher tariff rates compared to January will likely lead to inflationary pressures that consumers will start to feel.

Finally, the discussion wraps up with a look at the current state of the S&P 500, discussing key levels and moving averages to watch as the market navigates through a period of elevated volatility. Chris provides valuable insights on potential buying opportunities as we monitor the market’s movements.

“Clearly Trump now has the whip hand in certain senses because he can replace an appointee in place of Miss Kugler.” – 01:08

Patrick L. Young, Chairman & Founder of Exchange Invest joins Remy Blaire to discuss the recent developments surrounding the Federal Reserve and the implications of Fed Governor Adriana Kugler’s resignation. With President Trump now having the opportunity to appoint a new board member, Patrick breaks down how this could shift the dynamics within the Fed, particularly regarding Chairman Powell’s position.

Additionally, Patrick touches on the new reciprocal tariff rate date of August 7 and its expected impact on the markets. Patrick emphasizes that while the markets are currently pricing in these changes, any unexpected developments could lead to significant shifts.

Finally, Patrick addresses the controversy surrounding CFTC nominee Brian Quintez, who is facing scrutiny over potential conflicts of interest. Patrick provides a fascinating perspective on the unfolding situation in Washington, D.C., and the implications for the crypto industry.