*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)
Attorneys for former President Donald Trump requested that the judge presiding over the federal case involving attempts to overturn the 2020 election be reassigned.
With Congress back from summer recess, House Speaker Kevin McCarthy has a slew of issues to resolve ahead of this month's spending deadline.
North Korean leader Kim Jong Un has arrived in Russia and is set to meet with Vladimir Putin.
The U.S. approved updated COVID-19 vaccines Monday, hoping to rev up protection against the latest coronavirus strains and blunt any surge this fall and winter.
The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of U.S. sanctions. In addition, as part of the deal, the administration has agreed to release five Iranian citizens held in the United States.
The U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine that has become the internet’s main gateway.
President Joe Biden met with Vietnamese President Vo Van Thuong in Hanoi following his trip in India for the G20 summit.
North Korean leader Kim Jong Un is headed to Russia to meet with President Vladimir Putin.
President Joe Biden departed Vietnam after meetings with President Vo Van Thuong along with other high-ranking officials, following his participation at the G20 summit in India.
Bells tolled at ground zero and solemn tributes unfolded around the country as Americans looked back Monday on the horror and legacy of 9/11.
