*By Michael Teich*
Wall Street applauded a better-than-expected June jobs report, sending the Dow Industrials Index nearly 100 points higher Friday.
Despite those numbers, though, the U.S. economy is still grappling with growing trade tensions with China and Europe. The Trump administration's tariffs officially went into effect early Friday morning as the U.S. followed through on its threat to impose taxes on $34 billion of Chinese imports. China promptly responded with a similarly seized tariffs on U.S. goods, including pork, soybeans, and electric vehicles.
If trade wars accelerate, "the downside risks outweigh the upside risks," said Mark Hamrick, Senior Economic Analyst, Bankrate.com.
"The trade disputes are having impacts that are real in the economy right now."
The U.S. added 213,000 jobs in June, topping the forecast of 195,000. It was the 93rd consecutive month of job growth. The unemployment rate, however, rose to 4 percent as more people returned to the job market searching for work.
For the full segment, [click here.](https://cheddar.com/videos/u-s-job-growth-beats-expectations)
Supreme Court Justice Clarence Thomas defended himself against reports that a GOP donor treated him to super luxury vacations.
California Rep. Mark Takano re-introduced a bill for a four-day work week to bring to Congress. "The idea here is to ignite and jumpstart a serious conversation about how long the work week should be," Rep. Takano said. "The next steps are to continue to build interest ... that interest needs to be turned into public sentiment."
Cheddar Explains: How Climate Change is Driving Migration
Supreme Court Justice Clarence Thomas says he wasn’t required to disclose the many trips he and his wife took that were paid for by a Republican megadonor.
The two expelled members are Black and the member not expelled is white.
On A Positive Note: U.S. Taps First Woman to Ever Lead Largest U.S. National Guard
The capacity to burn coal for power went up in 2022 despite global promises to phase down the fuel that’s the biggest source of planet-warming gases in the atmosphere, a report Wednesday found.
Supreme Court Justice Clarence Thomas has for more than two decades accepted luxury trips nearly every year from Republican megadonor Harlan Crow without reporting them on financial disclosure forms, ProPublica reports.
Democrat Robert F. Kennedy Jr., an anti-vaccine activist and scion of one of the country’s most famous political families, is running for president.
A Democratic state lawmaker in North Carolina announced Wednesday that she is jumping to the Republican Party, giving the GOP veto-proof majorities in both the state's legislative chambers that should make it easier to enact conservative policies over the opposition of Gov. Roy Cooper.
