Wall Street Breakfast Weaker gain seen in June jobs
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Jun 29, 2025 The latest job numbers took a hit thanks to the July 4 holiday. Constellation Brands faces a showdown between bulls and bears. Political developments are heating up as Senate Republicans navigate a key bill. Additionally, valuable insights into corporate earnings and significant stock movements, especially with NVIDIA, keep market watchers on their toes. Tune in for the essential details!
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Labor Market Shows Slowing Growth
- Economists expect June nonfarm payrolls to rise modestly, signaling a slowing labor market.
- This slowdown is easing pressure on employers to raise wages significantly.
Mixed Views on Constellation Brands
- Constellation Brands faces stagnant growth and tariff challenges impacting its wine and spirits.
- Berkshire Hathaway's increased stake suggests perceived value despite near-term risks.
Senate GOP Advances Huge Tax Bill
- Senate Republicans narrowly advanced President Trump's tax and spending bill effort.
- Political challenges remain as the bill is nearly 1,000 pages and subject to revisions.