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White House National Economic Council Director Kevin Hassett joins ‘Varney & Co.’ to break down the July jobs report, the impact on the Fed, oil prices and the surge of socialism in the Democratic Party.
00:00 Explaining the July job losses
01:46 Is AI replacing American workers?
02:31 The shift in “break-even” job numbers
03:31 Will the Fed hike or lower interest rates?
04:18 Impact of gas and diesel prices on inflation
05:02 Kevin Hassett on the “Socialist Surge”
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