Market update for Friday August 7, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: The surprisingly weak July jobs report and what it could mean for the Fed Airbnb’s strong earnings and why Brian Chesky says AI is transforming the company Google’s major AI leadership shake-up as longtime chief scientist Jeff Dean leaves Atlassian surging as investors warm back up to software stocks DraftKings slips after bettors won too much SpaceX and Tesla’s enormous new Terafab chip factory planned for Texas

U.S. Economy Loses Jobs in July, Airbnb Posts Best Quarter In Years

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Friday, August 7th. In today's episode, we'll break down a surprisingly weak jobs report and what it means for the Fed. We'll also recap Airbnb's earnings and tell you why the company says that AI is the best thing to ever happen to its business. We'll also take a look at the major AI shakeups happening inside Google and what it means for the company.

Then stick around to the end of the show to find out how big Elon Musk's new Texas chip factory is expected to be. We got a great show for you today. Let's go. Thursday was kind of a boring one for the markets. The S&P 500 fell 0.2% and the Nasdaq was basically flat down less than 0.1%. The main thing weighing on the markets yesterday was oil.

Oil prices jumped roughly 3% as investors started to question whether the straight-up-horn moves is actually going to reopen anytime soon. I mean, you guys know the drill at this point. The oil markets flip-flopped back and forth in a high-stakes game of deal or no deal with Iran. But, you know, all of that is a footnote today because this morning we got the July jobs report and it was a shocker. The U.S. economy lost 23,000 jobs for the month of July. The U.S. economy was expected to add 83,000 jobs.

And the news gets worse. May and June were revised down by a combined 103,000 jobs as well. And then not to mention wage growth was at the slowest it's been in more than five years. Now, the unemployment rate did fall from 4.2% to 4.1%.

U.S. Economy Loses Jobs in July, Airbnb Posts Best Quarter In Years

Read the full transcript

The candid version is on a podcast,
not the earnings call.

U.S. Economy Loses Jobs in July, Airbnb Posts Best Quarter In Years

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.