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Hey listeners, your money briefing is on a break,
but we'll be back with more personal finance information for you in the future.
Until then, here's the news moving markets this week.
Hey listeners, it's Saturday, August 2nd.
I'm French Jessica Fontana for the Wall Street Journal, and this is what's News in Markets.
Our look at the biggest stock moves of the week and the news that drove them.
Let's get to it.
It's August, so you know what that means.
It's tariff update time.
So as we know, Friday, August 1st was the big day as far as the deadline for imposing levies,
which, as President Donald Trump said this week, will go into effect on Aug. 7.
Separately, Trump said he hiked tariffs on Canada to 35% effective Aug. 1.
Investors also had a weak jobs report to digest on Friday,
with investors ramping up bets that the Federal Reserve will now be more inclined to cut rates to support the economy on a weekly basis.
The Dow ended up losing 2.9%, which was its worst week since early April,
when Trump laid out his Liberation Day tariffs.