1. 1 day shorter
A pedestrian walks past a wanted sign posted at a gas station on June 5, 2026 in Los Angeles, California.
Justin Sullivan | Getty Images
Due to the holiday, employment statistics were released this morning instead of tomorrow. Nonfarm payrolls are expected to rise by 115,000 jobs in June, slowing from the previous month’s 172,000 increase, according to a survey of economists from Dow Jones.
Here’s what you need to know:
2. Transaction review
Toyota Motor Dealer stands in Manhattan on May 8, 2026 in New York City.
Spencer Pratt | Getty Images
As of yesterday, the United States announced that the USMCA trade agreement with Canada and Mexico will not be extended. As CNBC’s Michael Weiland reports, the decision plunges American automakers into a new era of uncertainty.
Instead of reaching a 16-year extension, the agreement will now have to be reviewed annually. Automakers are concerned that restarting the deal could reignite trade uncertainty and hinder investment and jobs.
ford motor CEO Jim Farley told CNBC he hopes the restarted negotiations will result in a more level playing field. Specifically, Farley said he wants a deal to help automakers that primarily produce vehicles in the United States.
3. It’s too hot
Federal Reserve Chairman Kevin Warsh speaks at the ECB Forum in Sintra, Portugal on July 1, 2026.
CNBC
Federal Reserve Chairman Kevin Warsh offered no insight into what the central bank will do next during a panel discussion yesterday. But he said he felt there was too much inflation.
Warsh, who was on stage with other central bank leaders from around the world, told CNBC’s Sarah Eisen that he felt prices were “too high.” He also said he expected the central bank to start using “new technology” in futures trading to better gauge the economy’s inflation profile.
See all the key moments from the discussion here.
4. Excessive power
Meta’s corporate logo will be on display at the Fira Gran Via booth, highlighting the company’s “AI-first” hardware ecosystem during Mobile World Congress.
Joanne Crosnull Photo | Getty Images
As CNBC learned yesterday, meta Amid the artificial intelligence boom, the company will sell excess computing power to external customers. The stock rose more than 8% during trading, its best day since January.
Facebook’s parent company is reportedly looking to build a new cloud business. This could allow mega-cap technology companies to recoup some of their investments in AI infrastructure.
Elsewhere in AI: Palantir CEO Alex Karp criticized the token structure used by Anthropic and OpenAI. “I’m not throwing shade at them, but something is completely wrong,” Karp told CNBC.
5. Opening days
President Donald Trump stands on stage at the Treasury Department’s Trump Account Summit in Washington, Jan. 28, 2026.
Kevin Lamarque | Reuters
The so-called Trump account will officially open this weekend. Formerly known as a 530A account, this type of investment platform for minors focuses on long-term retirement savings.
Enacted as part of President Trump’s “Big and Beautiful Act,” these accounts function similarly to IRAs. The Treasury Department is providing a $1,000 contribution to the pilot program for babies born between 2025 and 2028.
Here’s what you need to know about your account.
daily dividend
Here are some articles we recommend you bookmark for the long weekend.
—CNBC’s Jeff Cox, Ananya Chetia, Michael Wayland, Ashley Capoot, Samantha Subin, Jessica Dickler and Kate Doore contributed to this report.
Luke Fountain helped produce this newsletter. Melody Warner edited this version.
