In the wake of a significant U.S. jobs report revealing an unemployment rate of 4.3%, both U.S. and global markets are experiencing sharp declines as investors respond to rising concerns of a looming recession. The market downturn has particularly impacted Big Tech stocks, which had previously been a pillar of market strength but are now showing signs of vulnerability.

FBN correspondent Lydia Hu brings exclusive insights from her discussion with Arthur Laffer Jr., President of Tengler Laffer Investment. They delve into the reasons behind the global market’s preparation for a recession, the possibility of the Federal Reserve considering an “emergency rate cut,” and how these economic concerns might shape Americans’ preferences in the 2024 election as November approaches.

Stay informed with the latest analysis and expert perspectives on how the unfolding economic situation could impact both the markets and the broader political landscape.

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