Market Voices: Job number revisions, Hyundai ICE raid, DOD name change

[Hyundai Sign at Car Dealership]
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_Seeking Alpha's roundup of announcements, statements and remarks that could impact markets, sectors or individual stocks. _

* White House economic advisor Kevin Hassett said that he expects Friday's disappointing job report numbers to be revised upwards.

Earlier Friday, the Bureau of Labor Statistics reported that non-farm payrolls increased by 22,000 in August. Analysts had been expecting growth of around 75,000.

"It's a little bit of a disappointing job number, but I pretty much expect it's going to revise up," Hassett told CNBC during an interview [https://t].

* South Korea confirmed South Korean nationals were detained during an immigration raid on the construction site of a Hyundai-LG Energy battery plant in Georgia.

U.S. immigration officials arrested around 475 workers at the site, including over 300 South Korean nationals, according to The Wall Street Journal [https://www.wsj.com/us-news/u-s-arrests-hundreds-in-raid-at-hyundai-plant-construction-site-in-georgia-4e150feb].

"The economic activities of our companies investing in the U.S. and the rights and interests of our nationals must not be unfairly violated," South Korean Foreign Affairs Ministry spokesperson Lee Jae-woong said during a press briefing, according to South Korea's Yonhap News Agency [https://en.yna.co.kr/view/AEN20250905010300315?section=national/diplomacy].

"We conveyed our concern and regret through the U.S. Embassy in Seoul today," Lee added.

Yonhap also said South Korean officials are setting up an on-site task force to address the situation.

South Korea agreed to invest $350 billion in the U.S. as part of its recently negotiated trade deal. The U.S. tariff on South Korean imports was set at 15%.

* President Trump intends to sign an executive order on Friday that allows the Department of Defense to be referred to as the Department of War, a name not used for the department since 1949.

The executive order will authorize "the Secretary of Defense, the Department of Defense, and subordinate officials to use secondary titles such as ‘Secretary of War,’ ‘Department of War,’ and ‘Deputy Secretary of War’ in official correspondence, public communications, ceremonial contexts, and non-statutory documents within the executive branch,” according to Barron's [https://www.barrons.com/articles/trump-defense-department-war-251f16a0?mod=hp_WIND_A_3_2].

“The United States military is the strongest and most lethal fighting force in the world [and] should have a name that reflects its unmatched power and readiness," the order adds, according to Barron's.

Barron's noted that officially changing the name of the Department of Defense would require an act of Congress. The use of secondary titles, however, does not require congressional approval.

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