Donald Trump had a Wide World of Sports type of week, a true ‘thrill of victory … and agony of defeat’ experience. At the start of the week, even the New York Times and other media outlets were giving the president grudging credit for a string of tariff-deal victories. The president’s dutiful ideological backers were, needless to say, gleeful.  … Ah, the thrill of victory! … And then this morning: “Dow tumbles more than 500 points as weak jobs data, new tariffs spark sell-off” (CNBC). And from the WSJ: “Jobs numbers for May and June are revised down sharply” … And then there’s the agony of defeat. … Well, maybe not defeat. But you get the picture.

Update — He just confirmed the severity of the jobs news. From CNBC: “Trump fires commissioner of labor statistics after weaker-than-expected jobs figures slam markets.”

Update II — 8.2.25 — From the WSJ: “The Wild Week in the American Economy.”