Turkish President Tayyip Erdogan. Photo: Milos Bicanski / Getty Images

Turkish President Tayyip Erdogan said on Wednesday that Syrian President Bashar al-Assad "is definitely a terrorist who has carried out state terrorism," according to Reuters.

"It is impossible to continue with Assad. How can we embrace the future with a Syrian president who has killed close to a million of his citizens?"

Why it matters: Turkey had been working with Russia and Iran "for a political resolution," Reuters reports, and Erdogan had since toned down his negative language against the Syrian president. But Erdogan now says "there is no peace in Syria and this peace won't come with Assad." A Syrian foreign ministry source was quoted by Syria's state news agency SANA saying that Erdogan is attempting to "absolve himself of the crimes which he has committed against the Syrian people."

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U.S. economy adds 1.8 million jobs in July

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The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The pace of job growth slowed significantly, suggesting a stalled recovery as coronavirus cases surged and states pulled back on reopening plans.

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But beneath that facade of normalcy lie some interesting trends spurred on by fan-less environments, long layoffs and condensed schedules.

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The Nasdaq closed above 11,000 for the first time on Thursday, ending the session higher for the seventh time in a row and eighth session in nine. It has gained nearly 10% since July 1.

Why it matters: It's not just tech stocks that have rallied recently. Just about every asset class has jumped in the third quarter, including many that typically have negative or inverse correlations to each other.