CNBC Business News Update Market Midday: Stocks Higher, Investors Monitor Whether US-China Talks Happen, Mortgage Demand Drops 6/4/25
Jun 4, 2025
Discover the latest buzz on Wall Street as stocks rise modestly, fueled by Merck's impressive performance amidst ongoing economic uncertainties. Explore the slowdown in private sector hiring, marking a two-year low, and delve into the reasons behind the drop in mortgage demand. As U.S.-China trade talks stall, learn how major corporations like Warner Brothers Discovery and McDonald's are adapting to these shifting economic landscapes.
AI Snips
Chapters
Transcript
Episode notes
Market Faces Growth Slowdown
- Market can move toward all-time highs near term but faces upcoming challenges due to economic cooling.
- Growth slowdown, not inflation, is the main concern influencing market outlook.
US-China Trade Talks Uncertain
- Uncertainty surrounds potential US-China trade talks with no confirmed call from China yet.
- Market volatility expected as trade tensions and embargo discussions destabilize investor sentiment.
Labor Market Shows Weakness
- Private sector hiring rose by only 37,000 in May, lowest in over two years, signaling slowing labor market.
- Manufacturing and several service sectors experienced job losses, reflecting broader economic softness.