On Friday, President Trump fired the head of the Bureau of Labor Statistics, Erika McEntarfer, after the July jobs report showed job growth had stagnated.

Markets appear unfazed by Trump's shocking move to fire the BLS chief. Stronger rate-cut odds and solid earnings are helping investors look past the news.

President Trump is facing criticism after firing the head of the Bureau of Labor Statistics just hours after a disappointing jobs report. In a press conference, Trump claimed the latest data was “ridiculous” and “a scam,