David Faber, Morgan Brennan and Mike Santoli led off the show with the top story of the morning: The June jobs report showing non-farm payrolls up a better-than-expected 850,000 with an unemployment rate of 5.9-percent. The news helping to lift both the S&P 500 and Nasdaq to fresh record intraday highs. The anchors explored the markets' reaction in a roundtable discussion with the Chief Global Strategist at J.P. Morgan Asset Management and the Chief Investment Officer at Citi Global Wealth. Shares of Virgin Galactic soared after the company announced founder Sir Richard Branson plans to be aboard a Virgin space flight currently scheduled for July 11. The flight would be nine days before a scheduled Blue Origin flight would take that company's founder Jeff Bezos into space. Virgin Galactic CEO Michael Colglazier appeared on the program to discuss Branson and the race to space. Speaking of Jeff Bezos, he is stepping down as Amazon CEO and will be succeeded by AWS chief Andy Jassy July 5. Deirdre Bosa looked at what to expect from "The Jassy Era" at Amazon. The anchors also discussed a rough day for Chinese ride-hailing giant Didi: The stock tumbling after the China Cyberspace Administration said it will conduct a cybersecurity investigation on the ride-hailing service – news of the probe coming two days after Didi's Wall Street debut. Also on the IPO radar: Stock-trading app Robinhood announcing plans to go public. Will it become a meme stock? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street