Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Monday, June 17th I'm your host Kim Kahn. Our top story so far.

Surgeon General Vivac Murthy called on Congress to take action and require Surgeon General's

health warning on social media platforms.

In a New York Times op ed, Murphy says,

the mental health crisis among young people is an emergency,

and social media has emerged as an important contributor.

Adolescents who spend more than three hours a day on social media face double the risk of anxiety and depression

symptoms and the average daily use in this age group as of the summer of 2023 was 4.8 hours. It is time to require a

Surgeon General's warning label on social media platforms, stating that

social media is associated with significant mental health harms for

adolescents.

60 years ago, a Surgeon General report on tobacco led to warnings placed on the side of every pack of cigarettes.

Murphy cited a 2020 study by the U.S. Department of Health and Human Services, finding a 67% decline in the rate of adults smoking cigarettes since 1965.

A study last year by the Pew Research Center found the most popular social media platforms among teens

aged 13 to 17 include Google's YouTube at 90 percent, Tik-Toc at 63 percent, Snapchat

at 60 percent, and Meta's Instagram at 59%.

Meanwhile, Meta's Facebook usage by teens has dropped from 71% to 33% of the past decade.

X and Reddit are used by 20% or fewer of teens regularly.

In today's trading, Treasury yields rose after some solid New York area manufacturing

data. The June Empire State Manufacturing Index was more than anticipated, but remained in

contraction territory for the 7th straight month.

...