Money with Murphy: Stars, Stripes, and Spending
Money with Murphy: Stars, Stripes, and Spending
In this Fourth of July edition of Money with Murphy, we explore how Americans celebrate Independence Day—past and present. From fireworks and parades to burgers and multi-billion-dollar spending, the holiday has evolved into a powerful mix of tradition and economic activity. We’ll highlight some surprising stats, a few historical quirks, and even what markets tend to do in July. Because whether you’re traveling or grilling, you’re part of a celebration as old as the country itself.
In the second quarter, markets took investors on a wild ride—from a sharp selloff that nearly pushed stocks into bear market territory to a powerful rebound that ended with new all-time highs. Bonds also posted gains, while the U.S. dollar saw a notable decline. Economic data remained supportive, with easing inflation and strong job growth helping stabilize sentiment. In this week’s Money with Murphy , Kara breaks down the key drivers behind Q2’s volatility, what the latest numbers are telling us, and why diversification remains critical heading into the second half of the year.
Tensions Rise, Oil Surges – Markets React
The “One Big Beautiful Bill” encompasses sweeping changes to tax policy, spending, and regulations. However, according to the CBO, if enacted, these changes would significantly add to the national deficit. In this week’s Money with Murphy , Kara takes a deeper dive into the “One Big Beautiful Bill” and how it could reshape America’s fiscal future.
