EconomyJobs Shock Sends Stocks Higher | Open Interest 8/7/2026

US stocks advanced after data showed that employers unexpectedly cut jobs in July. Oil prices moved unevenly as hopes for a lasting agreement to reopen the Strait of Hormuz remained elusive. National Economic Council Director Kevin Hassett, BlackRock’s Rick Rieder and Julia Coronado of MacroPolicy Perspectives assessed the surprising employment report and its implications for the economy and Federal Reserve policy. The program also featured Tanger CEO Stephen Yalof.