Squawk on the Street
Job Growth Slows in June, Yellen's China Talks, Twitter Threatens Meta 7/7/23
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Show notes
Carl Quintanilla, Leslie Picker and Mike Santoli discussed market reaction to the June jobs report and what it could mean for the Fed. Non-farm payrolls missed expectations -- up 209,000 -- while the unemployment rate fell to 3.6% and wage growth exceeded forecasts. J.P. Morgan Asset Management Chief Global Strategist David Kelly joined the program with his view on what’s at stake for investors. Also in focus: Treasury Secretary Janet Yellen's talks with senior Chinese officials, Twitter threatens legal action against Meta over the new "Threads" app, what Amazon CEO Andy Jassy told CNBC about the economy, the FDA approves Biogen and Eisai's Alzheimer's drug, surprising sales data involving EVs.
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