This week, virtually every major automaker posted sales numbers for the second quarter this year. And it's clear Americans are still scrambling to buy cars before President Trump's tariffs are finalized. Ford, General Motors, Honda all had good quarters.Actually, Toyota did as well. The introduction of new tariffs started what David calls a buying bonanza. Americans wanted to get their hands on a new ride before prices got even higher.But what this week's figures show is that surge in sales couldn't last fo ...

Meanwhile, a few moments ago, we did get services PMI. Rick Santelli has that for us. Rick.Yes, David. This is the first batch. This is from S&P Global.ISM at the top of the hour. These are final reads. So, 53.1% gets downgraded just a bit uh to 52.9%.Still above 50. Haven't been below 50 since Jan 23. This will be the weakest just since April.So, solid numbers in expansion territory. And if you look at the composite that was serviced, the composite composite actually improved by a 10 from 528 to 52.9%. Als ...

Greetings. I'm Sean Puit, Zach's equity strategist. Today, I'm going to be discussing an article on monitoring the cake ratio to see if stocks are overvalued or if the bull run will continue.So, this has been the fastest market rebound in history. So, the S&P 500 has hit another all-time high after flirting with correction territory just three months ago in March, which is why it's important to see if stocks are overvalued at current levels or if the bull run will continue. So, with the S&P 500 dropping mor ...

The US economy added 147,000 jobs in June. That was more than expected. The unemployment rate fell slightly to 4.1%.Here to talk more about all this, NBC News correspondent, Christine Romans, and Investipedia's editor-in chief, Caleb Silver. Good morning. Good to have both of you with us.So, Christine, it has been a resilient first half of the year for the US jobs market despite all the questions about tariffs and everything else. Let's just start with the numbers. Walk us through with this jobs report.I me ...

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Hello and welcome to the latest edition of Market Sunrise. We've got another packed show for you this morning. The question of the day is, will President Trump's big beautiful bill get passed before the July 4th holiday.Well, also coming up in today's show, we'll take a look ahead to the US unemployment report and how the tears of a finance minister moved the markets. Stick around too to hear more from our exclusive interview with the secretary general of the OECD. I asked him whether AI would take away our ...

My rule is if you haven't grown because of AI, you've failed. The amount of money we're investing in AI right now at 300 to400 billion dollars a year in capex, will you get the near ROI. Will it be an economically rational decision when you look back 2 3 years from now.I don't know. I think venture is just going to rip. You're getting a lot of money back as an LP, right.Just massive amounts of cash coming back. I mean, if Oracle can get AI native by June 30th and your portfolio of startup can't, I mean, I'l ...

you know, logically they should have not fought ever, right? The whole idea here we are. Exactly. So when you're asking, do I think there's going to be a truce that's going to hold? I don't I don't know. I mean, there's no logical explanation for why they're fighting now. And so therefore, I wouldn't use logic into the future to say they're not going to fight in the future. And I think that if you look at Elon Musk, you have to be saying, what are you doing, man? You're you're jeopardizing not only uh Tesla ...

One of the Democrats who spoke out overnight on the House floor was Congressman Brendan Bole of Pennsylvania. He's the ranking member of the budget committee. Here's a bit of what he had to say.The decision we have been entrusted by the American people to make will have ramifications for millions of our fellow Americans and indeed for our country for decades to come. There may not be a lot of people able to watch at 4:05 in the morning, but in just a few short hours, some of them on Medicaid will be waking ...

When we see such a positive jobs report, 147,000 jobs and a lower unemployment level, what is this. What is driving this. Good morning.Thanks for having me. Look, you know, as you said a moment ago, you know, this report was better than 78 out of the 79 forecasts that came into into the Bloomberg consensus range, the Bloomberg forecast. And so what we see is an economy that continues to defy it, continues to defy expectations, continues to defy, you know, all the doom and gloom that's out there, whether it' ...