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What did Trump do early this morning: claimed that the US Non-farm Payrolls (NFP) data was falsified and fired the head of the Labor Department, and dispatched nuclear submarines to approach areas related to Russia.
According to Mars Finance, on August 2, after the release of the US Non-farm Payrolls (NFP) data yesterday, the Bureau of Labor Statistics significantly revised down the Non-farm Payrolls data for May and June. The job additions for May were revised down from 144,000 to 19,000; the job additions for June were revised down from 147,000 to 14,000. After the revisions, the total job additions for May and June were 258,000 lower than before the revisions. US President Trump stated that "this is an eyewash targeted at him": "In my view, today's employment data is manipulated to embarrass Republicans and me—just like before and after the 2024 presidential election, they first released three days of good data, and then on November 15, 2024, right after the election ended, these data were significantly revised down—this is completely an eyewash." Subsequently, Trump ordered the dismissal of Bureau of Labor Statistics Commissioner Erika McEntarfer, and her deputy William Wiatrowski will serve as acting commissioner. In addition, Trump stated this morning: "Based on the extremely provocative remarks by former Russian President and current Deputy Chairman of the Security Council of the Russian Federation Dmitry Medvedev, I have ordered two nuclear submarines to be deployed to the relevant regions, in case these foolish and inflammatory remarks are not just talk." He updated this morning at 8 a.m. that the nuclear submarines have moved closer to Russia.