Trump escalates trade fight with $300B tariff threat

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In reaction to the July Jobs Report, which showed that the U.S. economy added 164 thousand jobs this past month, Chief Equity Strategist for Nuveen Asset Management Bob Doll is optimistic. He says "the economy, especially the consumer is in good shape." Meanwhile, Invesco Chief Global Market Strategist Kristina Hooper says, "this was a solid jobs report, it's one that suggests this economic expansion can continue and it also suggests that Fed rate cuts can continue." They join Yahoo Finance's The First Trade with Alexis Christoforous and Brian Sozzi to discuss what's moving the market around the opening bell.

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