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' ...

The US economy added 147,000 jobs in June. That was more than expected. The unemployment rate fell slightly to 4.1%.Average hourly earnings still a little light. That's your paycheck. The paycheck growing 3.7% over the past year.So if you have a job, you're being compensated for it. So the headlines here are all pretty sturdy. Private sector was not what was really driving things.It was state government jobs driving this job growth. So seeing the weakest private sector job growth since last October. ...

wouldn't cut rates right away, but I'd have my finger near the trigger. >> All right, Steve, stay with us. >> Let's bring in the rest of our panel, the Brookings Institution's Wendy Edelberg, the Manhattan Institute's Allison Schrager, and our own Mike Santoli.Great to have you all with us. Wendy, let's start off with you. What's your take on the report. What's your take on that asterisk that Steve brings up in terms of the growth from the federal government in terms of job ads.>> Yeah, Steve makes a great ...

Let's get to uh President Let's let Jim think about that for a while. And uh let's talk about President Trump's massive tax and spending cuts. Bill, of course, set up for a final passage vote.Overnight, Republicans did clear a procedural hurdle. The legislation is now advancing this after a group of GOP holdouts. Well, they changed their minds.They voted in favor. House Minority Leader Hakee Jeff uh has been at the podium for quite some time speaking uh out against the bill. He's at around the 4hour mark no ...

Meanwhile, Democratic governors in red states like Kentucky and Kansas have been warning of the consequences if Republican lawmakers in Congress do pass this massive budget bill, as they are expected to do a short time from now. Those leaders say it would take health care and food assistance away from Americans who need it most. The bill cuts Medicaid, as we've been telling you, by $930 billion.It also cuts another $285 billion in food assistance. The Congressional Budget Office estimates nearly 12 million ...

off in the equity trade. Back to you. >> All right, Steve, let's bring you in here.What's your outlook in terms of the impact on July September, which was pretty much a foregone conclusion. >> I think this is a very mixed report, Melissa. I, I, I have to point out, I don't even know if President Trump is going to like this report.Why 73,000 of the job gains were government. Now it was minus eight on the federal side, plus 40 on the state side. I think it was plus 20 or 30 on the local side.So what you have ...