Stocks tumble on jobs data: Wealth

Today on Wealth, host Brad Smith breaks down the July jobs report, the wild swings in mega-cap tech, and interviews two-time Olympian Aly Raisman.

The U.S. economy added 114,000 jobs in July, fewer than the 175,000 expected by economists. Greg McBride, Bankrate.com Chief Financial Analyst, explains why the latest data is further opening the door for the Fed to cut interest rates sooner rather than later.

The weaker-than-expected jobs report weighed heavily on the markets, with the Dow Jones dropping as much as 800 points and the S&P 500 having its worst day since 2022.

And we’re in the the thick of the Olympic games. Athletes are known for achieving the impossible, but when it comes to personal finance some athletes fall short. Two-time Olympic Gymnast Aly Raisman explains how athletes should navigate the world of finance.

This post was written by Cheyenne Reid