Investors await jobs growth and layoff data along with tomorrow's key nonfarm payrolls report. The House takes up the budget after Senate passage, while the tariff deadline nears.

Job openings kick off a host of labor-related data, and Powell speaks on a panel this morning. Budget and trade chatter are also top of mind as markets keep setting highs.

Stocks are mixed to start the third quarter as investors rotate out of recent momentum winners and move into other areas of the market. Markets eye Senate votes on the Big Beautiful Bill.

Equity markets continued their rise setting another all-time high during yesterday's trading session as we start the holiday week.

Jobs data dominate a holiday-shortened week, highlighted by Thursday's June payrolls. Stocks hit new record highs Friday despite trade tension with Canada. Powell talks tomorrow.

Israel-Iran hostilities brought a short-term market focus on oil. Longer term, artificial intelligence (AI) electricity needs could create a power shortage, as well as opportunities and risks for investors.

Tax policy may continue to be a factor in the second half of the year, although Congress looks likely to maintain current tax brackets and the muni tax exemption.

The S&P 500 is on track to close at record highs as optimistic investor sentiment and bullish technical momentum propel risk assets higher. Are indices set to climb higher or will recent trade turmoil put a pause on the bull run?

Mike Townsend joins the show to discuss the news out of Washington, the evolving geopolitical landscape, and the market's reaction.