Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Friday, July 7th, and I'm your host Julie Morgan.

Canada's government is subsidizing a Stellantis battery plant to the tune of 15 billion Canadian dollars.

Investors are looking out for the jobs report due out today following a flaming hot ADP report on Thursday.

And PDD Holdings sinks even as a popular app gains farther reach. Here's what's making headlines today.

Canada's government said Thursday it agreed to dole out as much as 15 billion Canadian

dollars or 11.3 billion U.S. dollars in incentives to Stellantis for an electric

vehicle battery plant. This tops the 13 billion Canadian dollars in state aid

previously offered to Volkswagen for a similar plant.

According to Bloomberg at the original announcement, the Canadian government committed

about 1 billion Canadian dollars to Stelantis to offset capital costs.

The deal ended a standoff that began in May when the automaker stopped construction on the project.

They were demanding that Canada match support available in the on the partnership with South Korea's LG Energy, it will be located in Ontario.

Production at the Stelantis plant is expected to begin in 2024,

creating 2,500 new jobs and targeting an annual production capacity of more than 45 gigawatt hours.

The deal's performance incentives are contingent on and

potentially to the production and sale of batteries from each project and could be canceled or reduced if incentives offered under the US IRA are reduced or canceled.

Thursday on Wall Street lunch, Kim Khan told you about a hot jobs report from ADP for the private sector.

Well, today we're expecting numbers from the Department of Labor.

The U.S. economy is expected to add fewer jobs in June versus May, but still stay at a relatively

strong level.

Economists expect that 225,000 jobs were added in June, down from the

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