Weak US Jobs Report Fuels Rate Hike Skepticism

US Employers Shed Jobs, Unemployment Falls

Friday's weaker-than-expected jobs report for July sent stocks up, on skepticisms that the Fed would cut interest rate amid a softening labor market. Bloomberg's Mike McKee and Deutsche Bank Chief US Economist Matthew Luzzetti discuss the latest report. The pair also react to US Director of the National Economic Council telling Bloomberg News that the President and Fed Chair Kevin Warsh talk "all the time." (Source: Bloomberg)