![Schwab Market Update Audio show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/088/409/small/schwab-market-update-audio.png)
Summary: August 2, 2019 While off the worst levels of the day, U.S. equities finished lower, marking the largest weekly decline of 2019 and following yesterday's sharp drop, courtesy of escalated trade worries after the U.S. threatened a new round of tariffs on the remaining list of Chinese goods.