Morning Brief anchor Julie Hyman breaks down the latest market news for Aug. 4, 2025.
Tesla has granted Elon Musk $29 billion worth of shares as part of his latest pay package.
Federal Reserve governor Adriana Kugler has unexpectedly stepped down from her position. Kugler’s term was not set to expire until Jan. 31.
Also, President Trump announced the firing of Bureau of Labor Statisics commissioner Erika McEntarfer. The president has said he will have names of possible replacements for these two positions this week. Fed correspondent Jennifer Schonberger breaks down the details.
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