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Stocks waver, Trump rules out Bessent as next Fed Chair

DeFi Daily News by DeFi Daily News
August 5, 2025
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Stocks waver, Trump rules out Bessent as next Fed Chair
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Market Domination anchor Josh Lipton breaks down the latest financial news for Aug. 5, 2025.
Stocks pull back ahead of the closing bell amid weaker-than-expected economic data, tariff and Fed uncertainty.
President Trump ruled out Treasury Secretary Scott Bessent as Fed Chair Powell’s successor. Our panel examines possible Powell replacements and what it means for rate cuts and markets.. For more Market Domination videos, please visit: https://finance.yahoo.com/videos/series/market-domination/
#youtube #stocks #investing

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

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Tags: BessentBondsbusinessChairCurrenciesEquitiesfedFederal ReserveFXInvestingInvestmentMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsrulesSavingsStock marketstocksTrumpwaverYahoo FinanceYahoo FInance Premium
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