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It's time for Yahoo! Finance's Market Minute. Stocks sinking in the first trading day of August after President Trump officially hit virtually every US trading partner with sweeping tariff hikes. Investors also weighing the latest jobs report that shows signs of a labor market slowdown, the US labor market adding fewer jobs than expected in July, while the unemployment rate moved higher. Turning to Tesla, the EV maker continues to see sales weakness in Europe. Registration data, proxy for sales, was lower for key regions such as France, Netherlands, and Denmark. However, some bright spots for Tesla, too, as registrations for Spain and Norway climb. Lastly, T. Rowe Price reporting better than expected earnings for the second quarter. Meanwhile, assets under management roughly met analyst expectations. Company highlighting it has developed a broad and ongoing plan to reduce its expense growth over time while continuing to invest in capabilities and client reach. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
