
Trump to fire BLS commissioner after bad jobs report
Trump said on Truth Social that the commissioner, Dr. Erika McEntarfer, had 'faked the Jobs Numbers' before the 2024 election in order to boost his then-political rival Kamala Harris.
He cited revisions both during the Biden administration of labor statistics that at the time boosted job numbers ahead of the election. The jobs report released Friday showed a significant downturn during Trump's administration in May and June that showed the U.S. added 258,000 fewer jobs during those months.
'No one can be that wrong?' Trump said. 'We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes.'
McEntarfer was nominated by Biden in 2023 and confirmed by the Senate in 2024 as the 16th commissioner of the Bureau of Labor Statistics, which is part of the Department of Labor.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
Berkshire Hathaway issues stern warning over Trump's tariffs as profits impacted — here's what investors need to know
Warren Buffett's Berkshire Hathaway just reported second-quarter operating earnings of $11.16 billion — a slight 4% dip compared to last year. The modest decline was driven by lower insurance underwriting profits, even as other divisions like railroads, energy, retail, and manufacturing posted solid gains. But what really stood out wasn't the numbers — it was the tone. In its official filing, the company warned that President Trump's newly imposed tariffs on goods from Mexico, Canada, and China pose a real threat to its businesses. 'It is reasonably possible there could be adverse consequences on most, if not all, of our operating businesses,' Berkshire wrote in its Q2 earnings report. Buffet put it more bluntly and called tariffs 'an act of war, to some degree,' in a recent interview with CBS's Norah O'Donnell. 'Over time, they are a tax on goods. I mean, the tooth fairy doesn't pay 'em! And then what? You always have to ask that question in economics. You always say, 'And then what?'' Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Tariffs may feel invisible — but they hit you While tariffs are framed as penalties on foreign countries, they often raise prices for American businesses and consumers. If it costs more to import steel, electronics, or groceries, someone pays — and usually, it's you. Buffett has long warned about how trade restrictions can: Raise the cost of everyday goods Disrupt supply chains Trigger retaliatory tariffs that hurt American farmers and exporters The latest moves by the Trump administration — including a proposed $250 visa fee for some international travelers and limitations on tax deductions for gambling losses — are already affecting tourism, manufacturing, and agriculture. Buffett's companies touch all those sectors, so his concern isn't theoretical. Still sitting on a mountain of cash Despite the cautionary tone, Berkshire is still immensely profitable and liquid. The firm ended the quarter with $344 billion in cash, slightly down from its record $347 billion earlier this year. But instead of spending, Buffett is holding back: No share buybacks in Q2 11 straight quarters of net stock selling $4.5 billion in equities dumped in the first half of 2025 Buffett seems to be waiting for better deals, or maybe bracing for a correction. Read more: Nervous about the stock market in 2025? Find out how you can A few red flags in the portfolio Berkshire also recorded a $3.8 billion loss on its long-troubled Kraft Heinz investment, which is reportedly weighing a grocery spinoff to revive growth. Two Berkshire directors resigned from the Kraft Heinz board earlier this year, suggesting waning confidence. And despite shares falling more than 10% from a record high, Berkshire didn't repurchase any of its own stock — a sign the firm may be anticipating more room to fall. What it means for you You don't need to own Berkshire stock to pay attention to this report. Berkshire's cautious tone, especially around tariffs, should resonate with everyday Americans. Tariffs will lead to higher prices — whether it's appliances, electronics, or groceries, expect price hikes if trade tensions escalate. Buffett's warnings point to a ripple effect for everyday Americans: Higher prices on goods imported from key trade partners Potential job losses in manufacturing and agriculture due to retaliatory tariffs More market volatility as investors respond to global trade uncertainty Food inflation may also stick around. Kraft Heinz's struggles reflect challenges across the grocery industry: high input costs, changing consumer tastes, and pressure to spin off underperforming brands. Buffett and Berkshire Hathaway aren't alone with their concerns. Other CEOs and economists have voiced concern that new trade barriers could hamper economic recovery just as inflation is cooling and interest rates are stabilizing. Even with billions in profit and an army of businesses, Buffett's Berkshire Hathaway is waving a red flag about the state of the economy. And when the 'Oracle of Omaha' is cautious, it's smart to listen. Keep an eye on policy, not just profits. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio

Epoch Times
41 minutes ago
- Epoch Times
Senate Confirms Former Fox News Host Jeanine Pirro as US Attorney for DC
US Politics The vote went 50–45, with no Senate Democrats voting to confirm Pirro as the U.S. attorney for the District of Columbia. The U.S. Senate, on Aug. 2, confirmed former Fox News host and political commentator Jeanine Pirro to serve as the U.S. attorney for the District of Columbia. The Saturday evening vote fell along party lines, with 50 Republicans supporting Pirro's confirmation, and 45 Democrats voting against it. Three Republicans and two Democrats did not vote.
Yahoo
an hour ago
- Yahoo
Not just Big Bird: What to know about the Center for Public Broadcasting and its funding cuts
The Corporation for Public Broadcasting, which has helped pay for PBS, NPR, 1,500 local radio and television stations, and programs such as Sesame Street and Finding Your Roots, announced Friday it would shut down after the U.S. government removed its funding. The organization told staff most positions will end with the fiscal year on September 30. A small transition team will remain until January. The private nonprofit corporation was founded in 1968 after Congress authorized its formation. It now comes to an end after almost six decades of fueling the production of celebrated educational programming, cultural content, and emergency alerts about natural disasters. Trump cancels funding President Donald Trump signed a bill on July 24, canceling about $1.1 billion that had been approved for public broadcasting. The White House claims the public media system is politically biased, and an unnecessary expense, and conservatives have particularly directed their anger at NPR and PBS. Lawmakers with large rural constituencies voiced concern about what the cuts could mean for some local public stations in their state. They warned that some stations will have to close. The Senate Appropriations Committee on Thursday reinforced the policy change by excluding funding for the corporation for the first time in more than 50 years as part of a broader spending bill. How it started Congress passed legislation creating the body in 1967. This came several years after Newton Minow, the then-Federal Communications Commission chair, described commercial television as a 'vast wasteland' and called for programming in the public interest. The corporation doesn't produce programming, and it doesn't own, operate, or control any public broadcasting stations. The corporation, PBS, and NPR are independent of each other, as are local public television and radio stations. Rural stations hit hard Roughly 70 percent of the corporation's money went directly to 330 PBS and 246 NPR stations across the country. The cuts are expected to weigh most heavily on smaller public media outlets away from big cities, and it's likely some won't survive. NPR's president estimated that as many as 80 NPR stations may close in the following year. Mississippi Public Broadcasting has already decided to eliminate a streaming channel that airs children's programming such as 'Caillou' and 'Daniel Tiger's Neighborhood' 24 hours a day. Maine's public media system is looking at a hit of $2.5 million, or about 12 percent of its budget, for the next fiscal year. The state's rural residents rely heavily on public media for weather updates and disaster alerts. In Kodiak, Alaska, KMXT estimated the cuts would slice 22 percent from its budget. Public radio stations in the sprawling, heavily rural state often provide not just news but alerts about natural disasters like tsunamis, landslides, and volcanic eruptions. From Big Bird to war documentaries 'Sesame Street' initially aired in 1969. Child viewers, adults, and guest stars alike were instantly hooked. Over the decades, characters from Big Bird to Cookie Monster and Elmo have become household favorites. Entertainer Carol Burnett appeared on that inaugural episode. "I would have done anything they wanted me to do,' she said. 'I loved being exposed to all that goodness and humor.' The New York Times reports 'Sesame Street' will survive without the Corporation for Public Broadcasting. NPR and PBS get a relatively small portion of their annual budget from the corporation, and children's TV programs are produced independently of those organizations. Still, the NYT reports the cutbacks could affect the availability of those shows, particularly in pockets of the country without widespread access to broadband internet and mobile data. Harvard professor Henry Louis Gates Jr. started the program 'Finding Your Roots' in 2006 under the title 'African American Lives'. He invited prominent Black celebrities and traced their family trees back to slavery. When the paper trail ran out, they would use DNA to see which ethnic group they were from in Africa. Challenged by a viewer to open the show to non-Black celebrities, Gates agreed, and the series was renamed 'Faces of America', which had to be changed again after the name was taken. The show is PBS's most-watched program on linear TV and the most-streamed non-drama program. Season 10 reached nearly 18 million people across linear and digital platforms and also received its first Emmy nomination. Grant money from the nonprofit has also funded lesser-known food, history, music, and other shows created by stations across the country. Documentarian Ken Burns, celebrated for creating the documentaries 'The Civil War', 'Baseball', and 'The Vietnam War', told PBS NewsHour that the corporation accounted for about 20 percent of his films' budgets. He said he would make it up, but projects receiving 50 percent to 75 percent of their funding from the organization won't. The influence of shows Children's programming in the 1960s was made up of shows including 'Captain Kangaroo', 'Romper Room', and the violent skirmishes between 'Tom & Jerry'. 'Mr. Rogers' Neighborhood' mostly taught social skills. PBS also aired programs by 'Monty Python' and broadcast shows such as 'Downton Abbey' and 'The French Chef' with Julia Child. Education professionals and child psychologists designed 'Sesame Street' to help low-income and minority students aged between two and five overcome some of the deficiencies they had when entering school. Social scientists had long noted that white and higher-income kids were often better prepared. One of the most widely cited studies about the impact of 'Sesame Street' compared households that got access to the show with those who didn't. It found that the children exposed to 'Sesame Street' were 14 percent more likely to be enrolled in the correct grade level for their age at middle and high school. Over the years, 'Finding Your Roots' showed Natalie Morales discovering she's related to one of the legendary pirates of the Caribbean, and former 'Saturday Night Live' star Andy Samberg finding his biological grandmother and grandfather. It revealed that drag queen RuPaul and Senator Cory Booker are cousins, as are actors Meryl Streep and Eva Longoria. 'The two subliminal messages of 'Finding Your Roots', which are needed more urgently today than ever, is that what has made America great is that we're a nation of immigrants,' said Gates. 'And secondly, at the level of the genome, despite our apparent physical differences, we're 99.99 percent the same.' Solve the daily Crossword