U.S. President Donald Trump fired the U.S. commissioner of labour statistics after weak jobs numbers signaled tariffs weren’t yet leading to his promised economic boom.

Washington

President Donald Trump has publicly dismissed recent U.S. jobs numbers, which showed a significant slowdown in job creation and downward revisions for previous months, as 'rigged.' In response, Trump fired the Commissioner of Labor Statistics, claiming the figures were manipulated to harm his administration. 

The disappointing jobs report coincides with major U.S. companies reporting losses attributed to tariffs, including GM, Ford, and Apple. While the White House maintains an optimistic outlook, some economists have warned that firing the statistics chief could undermine public trust in official economic data.

Trump slams weak jobs numbers as 'rigged,' fires statistics chief

From the opening bell, investors ran for cover worried that Donald Trump's tariff plan may be causing more damage than they thought. But the tariffs weren't the only thing driving uncertainty. This was a stunner of a report. Job creation last month slowed by much more than expected. Experts say that's not even the worst part. What really grabs you by the throat here is that we had downward revisions for payrolls making for a total loss of 258,000 jobs in May and June. All told, the U.S. economy added just 19,000 jobs in May and 14,000 jobs in June, way below the monthly average. That doesn't exactly square with the message from the White House that the economy was booming in spite of tariffs. What we are watching is President Trump rebuilding the greatest economy in the history of the world and simultaneously proving the so-called economic experts wrong at every turn. Trump dismissed the jobs numbers as rigged in order to make him look bad and he fired the person responsible for the jobs report. I believe the numbers were phony just like they were before the election and there were other times. So you know what I did? I fired her. And you know what? I did the right thing. But it's not just jobs. Trump's tariffs weighed heavily on corporate earnings released by some of the biggest companies in the country this week. GM's profits fell by $1.1 billion in the first three months of the year. Ford reported an $800 million tariff hit and posted its first quarterly loss since 2023. And Apple says tariffs cost it nearly $2 billion through the first half of the year. Still, the White House is holding firm. Look, you know this jobs report isn't ideal. This trade advisor admits U.S. immigration policy upended the jobs market and the tariffs did cause some uncertainty. But that uncertainty is resolved. The tariff rates are set. The one big beautiful bill is law. It's going to get better from here. In the end, markets closed down posting their worst week in months telling us that investors just don't believe that optimism. And Peter, American companies have been saying for a while now they aren't feeling the economic optimism. Yeah, we've heard plenty of businesses struggling with tariffs. Worried about the potential of a downturn. But that was easy to dismiss when the data were strong. Now we're seeing some of those data catch up to the anecdotes. And remember, those numbers come at a bit of a lag, right? The jobs numbers look at last month. The GDP numbers for June only just came out. And now we have economists denouncing this firing of the Commissioner of Labor Statistics as dangerous because it's going to undermine the trust in those numbers as they do come out. Thanks, Peter. And you'll be back later in the program for more on U.S. tariffs. So talk to you again soon. Thanks.

Donald Trump has ordered the repositioning of two United States nuclear submarines to “appropriate regions” relative to Russia, blaming a heated exchange with Dmitry Medvedev, Moscow’s military leader and former president.

Moscow

Trump sends nuclear submarines towards Russia

A mass shooting in Anaconda triggers community shock and concern, as witnesses share their experiences and the investigation unfolds amid rising tensions.

Anaconda

Community in shock following deadly shooting in Anaconda

U.S. President Donald Trump said he's ordered his administration to fire the commissioner of the U.S. Bureau of Labor Statistics, on the same day new data was released showing weak job growth in July. The Labor Department also sharply revised job growth for May and June down.

Trump orders firing of U.S. Bureau of Labor Statistics commissioner

U.S. President Donald Trump says he ordered two nuclear submarines to be positioned in the "appropriate regions" as a response to comments made by Russia's former president. CBS News' Charlie D'Agata reports.

Trump says nuclear submarines moved in response to Russia

Jeffrey Epstein accomplice Ghislaine Maxwell has been transferred to a Bryan, Texas, prison, CBS News confirms. Maxwell was previously held in Tallahassee, Florida.

Bryan

Ghislaine Maxwell transferred to Texas prison

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Ljubljana

Middle East Conflict

Slovenia becomes first EU country to ban arms trade with Israel

The United States imposed sanctions on Palestinian Authority officials just as other nations are stressing the importance of the PA in governing Gaza in the event of an end to the devastating war in the enclave.

New York

U.S. sanctions Palestinian Authority in growing diplomatic rift

Ukraine’s Parliament has reversed a controversial law signed last week by President Volodymyr Zelenskyy, which would have allowed the government greater control over anti-corruption agencies. The decision comes as the country faces one of its most significant political crises since Russia’s full-scale invasion in 2022.

Kyiv

Ukraine Invasion

Ukraine parliament reverses bill on anti-corruption agencies amid crisis

U.S. President Donald Trump has signed an executive order increasing tariffs on Canadian goods that don't meet the terms of the Canada-U.S.-Mexico Agreement to 35 per cent.

Ottawa

Global Tariffs

Trump raises Canada tariff to 35%, grants extension to Mexico

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Jerusalem

Trump's envoy meets Netanyahu for Gaza aid, ceasefire push

U.S. special envoy Steve Witkoff is visiting Israel as more countries join the call to recognize a Palestinian state in September. CBS News' Robert Berger has the latest.

Trump envoy in Israel as Canada joins call on Palestinian statehood

President Donald Trump says the U.S. will charge a 15% tariff on imports from South Korea as part of a deal that eases, for now, tension with a top-10 trading partner and key Asian ally.

Trump says U.S. will set 15% tariff on South Korean imports

U.S. President Donald Trump slapped a 50% tariff on most Brazilian goods to fight what he has called a "witch hunt" against former President Jair Bolsonaro, but softened the blow by excluding sectors such as aircraft, energy and orange juice from heavier levies.

Rio de Janeiro

Trump hits Brazil with tariffs, sanctions but key sectors excluded

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Okinawa

Tsunami damage less severe than feared after Russian earthquake

Prime Minister Mark Carney announced that Canada will recognize a Palestinian state later this year if the Palestinian Authority, which governs parts of the West Bank, meets certain conditions.

Canada to recognize Palestinian state in September if conditions met

Australia said on Wednesday (July 30) it will add YouTube to sites covered by its world-first ban on social media for teenagers, reversing an earlier decision to exempt the Alphabet-owned video-sharing site and potentially setting up a legal challenge.

Canberra

Australia expands teen social media ban to YouTube

President Donald Trump said on Wednesday (July 30) the United States will impose a 25% tariff on goods imported from India, as well as an unspecified penalty for buying Russian weapons and oil, on Aug. 1.

Trump says U.S. to hit India with 25% tariff starting August 1

Mourners flooded the streets of Birmingham to celebrate the life of rock-and-roll legend Ozzy Osbourne during his funeral procession in the United Kingdom. Mark Savage, a music reporter at the BBC, a CBS News partner, joins with more details.

Birmingham

Ozzy Osbourne fans flood Birmingham streets to mourn late music icon

U.S. President Donald Trump told reporters before departing from Scotland that Jeffrey Epstein poached workers from his Mar-a-Lago spa. Trump mentioned Virginia Giuffre, one of Epstein's most vocal accusers, in his latest remarks.

Trump says Epstein 'stole' young women from Mar-a-Lago spa

Owdeh Hathaleen, a 31-year‑old Palestinian activist, teacher, and filmmaker behind the Oscar-winning documentary No Other Land, was shot dead by an Israeli settler near the village of Umm al‑Khair in the South Hebron Hills.

Palestinian activist killed by Israeli settler in West Bank

A powerful magnitude 8.8 earthquake off Russia's Far Eastern Kamchatka Peninsula triggered tsunami waves of up to 16 feet nearby, and sparked evacuation orders in Japan, Hawaii and across the Pacific on Wednesday (July 30).

Hawaii

Tsunami reaches Hawaii after huge quake shakes Russia's Far East

The U.N. General Assembly brought high-level officials together to promote a two-state solution to the decades-old Israel-Palestinian conflict. Israel and the United States are boycotting the two-day meeting, co-chaired by the foreign ministers of France and Saudi Arabia

Israel and U.S. boycott UN Summit for two-state solution

With numerous countries facing an Aug. 1 trade agreement deadline, officials in the Trump administration say China could get an extension while negotiations continue.

Breakdown