As Wednesday transitions into its first full hour of trading, Madison Mills and Brad Smith are here to help break down and analyze market catalysts this morning.

The US Bureau of Labor Statistics released its Job Openings & Labor Turnover Survey (JOLTS) data July which revealed 7.67 million job openings in the month, lower than the estimated 8.1 million. This marks the lowest level since January 2021.

Glenmere VP of Investment Strategy Mike Reynolds joins the show to give insight into the market's (^GSPC, ^DJI, ^IXIC) reaction to the latest JOLTS data and what it means for the labor market ahead of Friday's key jobs data.

Vice President Kamala Harris is scheduled to unveil a new small business tax exemption proposal at a campaign stop in New Hampshire on Wednesday. The proposal aims to increase the tax credits for new small businesses ten times over from the current allotment of $5,000 to $50,000.

Meanwhile, Goldman Sachs (GS) has expressed a bearish outlook on a potential win by former President Donald Trump in November, suggesting his administration could negatively impact GDP. On the other hand, the investment bank holds a bullish stance on Vice President Kamala Harris, noting her economic proposals could lead to a boost in the US economy thanks to her proposed initiatives.

Department store Nordstrom (JWN) received a $3.8 billion buyout offer from a group comprised of Erik Nordstrom, Peter Nordstrom, other family members, and Mexican retailer El Puerto de Liverpool (LIVEPOL1.MX, LIVEPOLC-1.MX).

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This post was written by Nicholas Jacobino