Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Leslie Picker here at post-9 of the New York Stock Exchange. Sarah Eisen has the morning off. Today, so much for the World Cup bump. June jobs coming in about half of expectations. Is the report a blip or the start of a trend. Plus Open AI reportedly seeking to diffuse growing political pressure and talking with the Trump

administration about a government stake in the company.

Veteran startup investor Bradley Tusk is with us why he thinks the move could signal that management might think their, quote,

valuation is complete nonsense.

35 states facing a sweltering heat wave this weekend, prompting concerns about the grid.

We'll explore the power price surge and just how high they may spike.

Speaking to prices, watching the markets today, it was eventful once again in South Korea

overnight with the Kaspi down eight. semis continue to get challenged here information technology and

comm services one of the few sectors that are read today along with consumer

discretionary that jobs number on the week side is given a little relief to

yields but not a lot 10 year six. We will start with Tesla deliveries

this morning. Philabo has those details. Hey, Phil. Hey, Leslie, when you take a look at the numbers

for Tesla? The second quarter, far better than expected. And when I say far better than expected,

I don't know anybody who was expecting them to deliver more than 480,000

vehicles. The estimate from the analyst, the consensus, was just over 406,000. That's an increase of 34%

compared to the first quarter. So what's changed compared to the first quarter? Well,

first of all, let's tell you that the full year delivery numbers, you're going to

see the estimates go up from here because they've already delivered 838,000 vehicles for the

year. This could be a chance for them to break two straight years with of 1.7 million again

compared to the last couple of years. And what did change when you take a look at

chairs of Tesla is that this is a company that saw increased demand in China as well as in Europe.

Perhaps the fuel prices being hired, gasoline prices being higher in Europe may have been

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