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Friday, June 3, 2016

CNBC Morning Squawk with Belvedere, Schacknow and DiChristopher

CNBC | Morning Squawk

  
CONTRIBUTORS

Senior Producer
@Matt_Belvedere
Senior Producer
@peterschack
Web and TV producer

IN THE NEWS TODAY

U.S. stock futures were relatively flat, ahead of the 8:30 a.m. ET release of the government's May jobs report. Economists expect to see 164,000 nonfarm payrolls added last month, with the unemployment rate ticking down to 4.9 percent and average hourly earnings up 0.2 percent. (CNBC)

Expectations for job growth were muted due the temporary impact of the 45-day Verizon walkout. The striking workers, who returned to their jobs Wednesday, were regarded as unemployed because they did not receive a salary during the payrolls survey week. (Reuters)

The Nasdaq heads into Friday trading on a seven-session winning streak, and less than 1 percent away from joining the S&P 500 and Dow in the green for the year. Meanwhile, oil prices were steady after the OPEC meeting ended without a production agreement. (CNBC & Reuters)

House Speaker Paul Ryan said he would, indeed, vote for presumptive GOP presidential nominee Donald Trump. In a tweet, linking to an article in his hometown paper, Ryan wrote Trump would "help turn the House GOP's agenda into laws." (CNBC)

Citigroup (C) CEO Mike Corbat, speaking at a conference earlier this week, indicated the bank's second-quarter net income would be roughly 25 percent lower than the same period a year earlier. Citigroup is scheduled to report quarterly results next month. (Reuters)

JPMorgan (JPM) CEO Jamie Dimon is calling a British exit from the EU a "terrible deal for the British economy," saying the bank "may have no choice but to reorganize our business model" there if a Brexit were to take place. (FT-subscription)

Wal-Mart (WMT), at its annual meeting today, is expected to announce agrocery delivery pilot with Uber and Lyft, as the retail giant seeks to use its network of stores to better compete with Amazon (AMZN). (CNBC)

It appears Twitter (TWTR) had thought about joining the bidding for Yahoo (YHOO). Twitter reportedly met with Yahoo CEO Marissa Mayer to explore a possible merger a few weeks ago, but dropped out of the process soon after the meeting. (New York Post)

In a race with Alphabet's (GOOGL) Google unit, an executive at Baidu (BIDU) said today the Chinese search-engine giant plans to mass produce a driverless car in five years. Baidu is already testing its autonomous vehicle in China. (WSJ)

Facebook's (FB) board has submitted a proposal to remove majority voting control from co-founder and CEO Mark Zuckerberg, should he ever decide to leave his management position. (Reuters)

BP (BP) has agreed to pay $175 million to settle a shareholder class action alleging the firm misled investors by understating the severity of the 2010 Gulf of Mexico oil spill. BP already settled civil claims with the U.S. government and five states for $18.7 billion. (Reuters) 

A doctor for media mogul Sumner Redstone said the ailing 93-year-old "retains the legal mental capacity to make the decisions" that he's made in recent weeks regarding oversight of his controlling interests in Viacom (VIAB) and CBS (CBS). (WSJ-subscription) 

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