![Schwab Market Update Audio show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/088/409/small/schwab-market-update-audio.png)
Summary: August 1, 2019 U.S. equities finished solidly lower, erasing an early rally and adding to yesterday's Fed-induced selloff, after President Trump imposed fresh tariffs on China, even though talks are to resume between the two nations in September.