CNBC Business News Update Market Open: Stocks Higher, Private Sector Hiring Slowed In May, McDonalds To Bring Back Snack Wraps Next Month 6/4/25
Jun 4, 2025
Wall Street is buzzing with recent gains, particularly spotlighting stocks like Merck and NVIDIA. The podcast dives into economic indicators, revealing a slowdown in private sector hiring and mortgage demand. Additionally, McDonald's is making a tasty comeback by bringing back their popular Snack Wraps next month, promising to delight fans. Corporate updates from Warner Brothers Discovery add to the financial landscape, making for a lively discussion about what these trends mean for everyday investors.
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Trade Talks and Market Volatility
- Trade talks between the U.S. and China remain stalled and difficult to arrange.
- Market volatility is expected due to ongoing trade uncertainties and potential embargo discussions.
Slowdown in Private Sector Hiring
- Private sector hiring growth slowed considerably in May, marking the lowest pace in over two years.
- Key industries like manufacturing and professional services also saw job declines.
Shareholders Reject Executive Pay
- Warner Brothers Discovery shareholders rejected a multimillion-dollar executive pay package.
- The company's board is taking shareholder concerns seriously despite the non-binding nature of the vote.