CNBC Business News Update - Market Open: Stocks Higher, Slightly More Jobs Created Than Expected In May, Tesla Shares Rebound Post-Feud 6/6/25

Episode Date: June 6, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jessica Ettinger.

I'm Jessica Edinger, CNBC. Wall Street's in the green this morning. Investors liked the jobs report for May. The Dow up 478 points, 1% being led higher by shares of Apple That's a little more than 1%. Major averages, all three of them now higher for the year. Nvidia shares are up 1.5% out of the gate this morning. The unemployment rate for May held steady at 4.2% with slightly more jobs created than expected. 139,000 jobs c of May, a smidge higher t and in the rearview mirror revisions. We lose 95,000 seem to be settling down who are coming into the workforce to work.

That's why you have your steady unemployment rate. CNBC senior economics reporter Steve Leesman there. Now here's New Vines Sarah Malik on CNBC. Healthcare jobs coming in at 78,000, that's been a big leader for this number year to date. Every month we've seen about 60,000 jobs created by the healthcare industry and that is an acyclic industry that shouldn't be impacted by tariffs. So that's a positive and should be a driver of the jobs market going forward. And this from former US

Treasury official Katie Richards on CNBC. The really important risk to the economy we need to pay attention to is what's going on in Congress. So I think we're absolutely right to look at the jobs report and see the strength in the health care sector. Currently Republicans in Congress are trying to take millions of people's healthcare away. That's going to be a real problem if that bill passes. Investors are bracing for anything more on the feud between the world's richest man and the world's most powerful man.

Tesla shares yesterday tanked 14% during the social media richest man and the world's most powerful man. Tesla shares yesterday tanked 14% during the social media post fight between the CEO of Tesla, Elon Musk, and President Trump. Shares were rebounding today for Tesla. A take on the fight from CNBC Med Money host Jim Cramer and anchors David Faber and Carl Quintanilla. White House Chief of Staff, Susie Wiles, says there are no plans for a call today between

Trump and Musk and that refutes a report by Politico which says otherwise. ABC, John Carl Jim got him on the phone. Trump said he's not interested at this time in talking to Musk. Musk has a lot of money but I do think the President has the cards. David, you studied Musk. A lot of what Musk does is offer a superior product to governments worldwide. But a superior product doesn't necessarily win if you don't want it to. You can put your finger on the scale.

It's way at risk here, dealing with a president who is not necessarily, kind of has a very close relationship with the Justice Department. And not to mention is quite vindictive when it comes to his enemies certainly or perceived enemies Lululemon shares tanking on disappointing quarterly results the athleisure company lost a fifth of its value amid growing competition Walmart holding its associates celebration today its national donut day with deals and discounts at various chains It's National Donut Day with deals and discounts at various chains. Duncan gives out a free classic donut if you buy a drink. Krispy Kreme will hand you a donut without having to buy anything. New in theaters, IFC's Dangerous Animals, XYZ's horror film The Ritual,

Lionsgate's John Wick, Ballerina, Jessica Ettinger's CNBC. The CNBC.