US economy loses 23,000 jobs in July, stock market soars

‘Mornings with Maria’ panel breaks down the July jobs report and its impact on a potential Fed rate hike.

July jobs report shows a surprise loss of 23K jobs as Maria Bartiromo and an expert panel analyze the implications for Federal Reserve policy. Allianz Chief Economic Advisor Mohamed El-Erian and Unleash Prosperity co-founder Steve Moore discuss labor force participation and market reaction. The panel debates whether the disappointing economic data will pressure the Fed to cut interest rates.