10AM Hour: Tech's Historic Quarter (& What Comes Next), SCOTUS Birthright Decision, & LIVE: Fed's Beth Hammack 6/30/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 30 June 2026

⏱️ 43 minutes

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Summary

Semis closing out their best quarter ever - and the Nasdaq's best in years: Carl Quintanilla, Leslie Picker, and David Faber broke down what comes next for the group with Citi's top equity strategist and talked regulation with Alex Stamos, former security chief at Facebook. Plus: details on more key decisions out of the Supreme Court on campaign finances and birthright citizenship... along with a live interview you don't want to miss spanning inflation, rates, and more - with FOMC voting member and Cleveland Fed president Beth Hammack. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanier with David Faber, Leslie Picker here at Post 9 of the New York Stock Exchange.
0:06.7	Sarah Eisen's on assignment today at the ECB Forum in Central Portugal, where she's got a great lineup today, including a can't miss interview with Cleveland Fed President and voting member Beth Hammock, conversation of VOE, Governor Andrew Bailey.
0:19.8	And also ahead this hour, it is the final trading day of the first half of the year. We're going to and also ahead this hour it is the final
0:21.7	trading day of the first half of the year we're going to talk to ciddy scott croner about why he's
0:25.5	turning more cautious on tech and former facebook chief security officer alex damos is with us to talk
0:30.7	about the cyber risks around the latest AI models from the u.s and china first so let's get
0:36.1	consumer employment data it just crossed and rick Santelli has it for us, Rick.
0:40.9	Yes, David.
0:41.9	Let's look at job openings and labor turnover, known as jolts on this employment week.
0:47.3	It's a main number.
0:48.6	Expecting a number just under $7.3 million comes in much better than expected.
1:00.6	$7,594,000. We do have a revision lower in last month from 7.618 million to 7.585, which means we are now sequentially higher than last month,
1:10.5	but we did have that reversal on last month.
1:14.3	Now, $7,594,000 now would be the best reading of the year
1:19.3	to find a higher number than that.
1:21.7	You are now going back towards, wow, you're going back towards May of 24.
1:27.7	So solid gains there.
1:29.6	And of course, we do have the employment data on Thursday due to the 4th of July closure on Friday.
1:35.5	Consumer Confidence, this is a June number.
1:38.3	Headline comes in week at 91.2.
1:41.6	Also a downward revision of 93.1 last month becomes 90.6.
1:47.0	91.2 then becomes the best read, well, just since April of this year. If we look at the present situation, also amiss 116.4, sequentially lower than a downer-advised 119.4, and 116.4 sequentially lower than a downer revised 119.4 and 116.4 would be the lightest read going back to, wow, we're going back to Feb of 21. Finally, what lies ahead are expectations, a miss on expectations, but this one is sequentially lower due to revision.
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