Squawk on the Street
June Jobs Growth and "Fedspeak" on Rate Hikes, Fmr. Japanese PM Abe Assassinated, Musk-Twitter Drama and Apple's Summer Rebound 7/8/22
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Show notes
Carl Quintanilla, Leslie Picker and Mike Santoli led off the show with market reaction to the June employment report: The economy added a better-than-expected 372,000 non-farm jobs last month, with the unemployment rate holding steady at 3.6%. The anchors weighed in on the push by some Fed policymakers for a 75-basis point interest rate hike this month, and reacted to what Atlanta Fed President Raphael Bostic told CNBC about the jobs report. Council of Economic Advisers Chair Cecilia Rouse joined the program with the White House's take on the jobs report.
Also in focus: The assassination of former Japanese Prime Minister Shinzo Abe, reports that Elon Musk's deal to buy Twitter is “in peril,” and Apple shares up 10% from mid-June lows: Should you get in on the stock now? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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