Trump Rebrands Department of Defense to Department of War, Job Numbers Disappoint

Renaming the Department of Defense

• 🏛️ President Trump signed an executive order to rename the Department of Defense back to its historic name, the "Department of War", a title it held from 1789 until after World War II.
• 🗣️ Trump referred to the former name as "woke," and allies in Congress are introducing legislation to make the change permanent.
• 🎯 Pentagon Chief Pete Hegsth stated the move signals a shift toward going on offense, not just defense, as the administration reshapes military tradition and symbolism.

Job Market Slowdown

• 📉 New data from the Bureau of Labor Statistics shows the US job market is losing steam, with only 22,000 jobs added last month, below expectations.
• 📈 The unemployment rate ticked up slightly to 4.3%, its highest in nearly four years.
• ⚠️ President Trump has expressed doubts over the job data, attributing underperformance to delayed impacts from major company investments.
• 📉 Senator Elizabeth Warren called the job numbers "disastrous" and demanded the Federal Reserve cut interest rates, citing Trump's immigration and tariff policies as reasons for workforce shrinkage and slowed hiring.

Other News Briefs

• 💰 Tesla's board proposed a pay package that could grant Elon Musk another 12% of the company, worth $144 billion, tied to ambitious market value goals.
• ✈️ The Trump administration is ending a Biden-era plan that would have compensated passengers stranded due to airline disruptions, a move opposed by carriers citing increased operating costs.