For: September 2, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after Wall Street was dark for Labor Day. Stocks fell on Friday as investors took profits ahead of the long holiday weekend. Tech shares extended their recent losses as new inflation data weighed on the broader market. Despite Friday's losses, the three major indexes closed out August with solid gains. At the closing bell, the Dow Jones Industrial Average lost 92 points to 45-544. The S&P 500 fell 41 points to 64-60. The Nasdaq dropped 249 points to 21-455.
>>Focus On Monthly Jobs Report This Week
(Undated) -- The latest data on construction spending will be released today, with auto sales and job openings out Wednesday. ADP releases its employment report on Thursday and most analysts expect the private sector added 75-thousand new positions in August, compared to 104-thousand the month before. Weekly jobless claims are due the same day with just a slight increase forecast. Things wrap up Friday with the week's most anticipated report - monthly employment stats.
>>Navarro: Ending Tariffs Would Be End Of United States
(Washington, DC) -- A top White House trade adviser is predicting doom and gloom if the Supreme Court were to strike down President Trump's global tariffs. White House Trade adviser Peter Navarro said Sunday such a move would spell "the end of the United States." This, after a federal appellate court on Friday ruled the tariffs were illegal. The administration is appealing to the high court.
>>CA Fines For Oil Companies Postponed
(Sacramento, CA) -- California energy regulators have postponed a plan to fine oil companies for high profits until 2030, providing a temporary win for the industry. This comes after two major oil refineries, accounting for 18 percent of the state's refining capacity, announced closures. The penalty was part of Governor Gavin Newsom's climate change efforts but hasn't been enforced since its introduction in 2023. The state is still proposing faster approvals for new oil wells and requiring refineries to maintain minimum fuel supplies when they go offline during maintenance.
>>Summer Movie Revenue Disappoints
(Hollywood, CA) -- It is another disappointing summer for movies. The box office gross revenue from the first weekend in May through Labor Day came in at three-point-67-billion dollars. That's down from last year's three-point-68 billion. This year started out strong with the films "Sinners" and "A Minecraft Movie" but then fell flat. The L.A. Times suggests movie theaters are still recovering from the pandemic as well as the actors' and writers' strikes two years ago. The paper also says movie fans are simply streaming at home.
