Positive start seen for Wall Street as new month begins; futures higher
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=27b7ed76a809c8ccf4aba41119064bb1bb43c6f67ad9af0eaf4c21becae22012ff4c9a5936de84218a3188386b2eabdf7f9c54fd6439a7b55f051875537da367CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=27b7ed76a809c8ccf4aba41119064bb1bb43c6f67ad9af0eaf4c21becae22012ff4c9a5936de84218a3188386b2eabdf7f9c54fd6439a7b55f051875537da367 here. https://click.response.cnbc.com/?qs=0fff065e9127221f0d05a5d3d48f0ccf001f95279d2bccbe820da43a24f8f735e259e2f5613308937da6329b55bcf089df286c7d7f018540 https://click.response.cnbc.com/?qs=0fff065e9127221f7c13548f1296687bb7d06313771a0b30cc202c8158e8e3523135625de2131f0f5d9c06e7403396cc1c3cf6901f1a781d BY THE NUMBERSU.S. stock futures https://click.response.cnbc.com/?qs=0fff065e9127221f4dc4ecef4afd0d806fcab0263e8d9a1cdd80b2ec545af11c7ee7e8ab18f6e17f958c70a45381fcff2de849605cd12966 were higher this morning after a modest stumble on the final day of May. But the Nasdaq rose for the second straight month, while the Dow and S&P 500 posted their sixth monthly gains in seven. (CNBC)"Sell in May" did not come to pass this year and hasn't in recent years, but the "June Swoon" may be a more powerful force: only twice in the last decade, 2012 and 2014, have the Dow, S&P, and Nasdaq all gained ground in June. (CNBC)The https://click.response.cnbc.com/?qs=0fff065e9127221f938809760f4fe03e286d66adda0397a672b75b4a43d1c7df1a17f2f40c19de665286f7eaacface876b3401f10888d963 first day of June brings a flood of economic data, beginning with the holiday-delayed ADP private-sector jobs report for May at 8:15 a.m. ET, ahead of Friday's government's monthly data. (CNBC Trading Nation)Weekly jobless claims are issued at 8:30 a.m. ET. The ISM manufacturing index for May and April construction spending are out at 10 a.m. ET. Throughout the morning, U.S. automakers issue release their May vehicle sales.The Energy Department is out with its usual Thursday look at natural gas inventories at 10:30 a.m. ET, and its holiday-delayed report on oil and gasoline inventories at 11:00 a.m. ET. https://click.response.cnbc.com/?qs=0fff065e9127221f9bf62944e5a2c86373b04743fb34a9d41da652c07babb96a05ce19209a55a45cba886d0dd611870b5eb2c32f878d6256 https://click.response.cnbc.com/?qs=0fff065e9127221fcb89253295781a7a0fcfbbd3dd860974509f8afe2b8a30eea632507813981bc45e896829ac4f53c772bc6cb8e574a70f https://click.response.cnbc.com/?qs=0fff065e9127221f0898ca16277c515001661e6a1d436218c94b1a03a5b9373f9dc17edc2cec3c48cc847f0d72a4e0edc441d9b7e9a98a50 IN THE NEWS TODAYPresident Donald Trump said he plans to announce this afternoon his decision on whether to https://click.response.cnbc.com/?qs=0fff065e9127221fca68813edeb0134f8aaad6c3b821e29e04e605ffb8e49b4ab26464ef5248e6bd5b2e59441b404c82c29e2e518a239f93 stay or leave the Paris climate agreement . Despite disagreement among his closest advisors, he's expected to pull out. (CNBC)In favor of the climate accord, more than two dozen CEOs have https://click.response.cnbc.com/?qs=0fff065e9127221f2c12f9fc4f4930d48420ed01b50c06457444247649164acc1a461474cf8001943b2d86acb98b32f7c577d5650de85d11 signed a letter that appeared in a full-page ad in today's New York Times and Wall Street Journal. Apple's Tim Cook reportedly called the White House on Tuesday. (NBC News)Tesla (TSLA) CEO Elon Musk is threatening to https://click.response.cnbc.com/?qs=0fff065e9127221fcc0ec73e37c77415ed20a6a342ffef05b1cba28848c793d7ae9057d5963e585b41bc0450648dd658bc651b164fcad41b stop advising the president if he were indeed to withdraw from the Paris climate deal. Musk, also founder of SpaceX, is on Trump's manufacturing jobs council, strategic and policy forum, and infrastructure council. (CNBC)Russia said President Vladimir Putin sees " https://click.response.cnbc.com/?qs=0fff065e9127221f6f2443420929e66f0caa48ca69b554c93efe2877f0677d79fbf90a152fde695d54e1202b85b68782df71ddc07d9e093f great significance " in the Paris agreement, but warned it would be less effective without the U.S. Meanwhile, China said it's going to stick with its commitments on climate change. (Reuters)Fired FBI Director James Comey is expected to testify in public before the Senate Intelligence Committee next week after having been "cleared for takeoff" by the special counsel overseeing the investigation into Russian election meddling. (NBC News)Hillary Clinton said Russia likely had https://click.response.cnbc.com/?qs=0fff065e9127221f9fb203e331dee41e2cd927da7723613aed2a1edb508185b408fe05e5e735d6a1e9701c47220d28ad559cabd6e820dd47 American help to "weaponize" campaign leaks. Trump tweeted that Clinton "blames everybody but herself" for losing the 2016 presidential election. (NBC News)Joe Biden launched https://click.response.cnbc.com/?qs=0fff065e9127221f10dc29eb9d26719f4658b38af712978c5a17225b5bf3e8e1c480568454eef7406ab624ce9a71f0ee00cb9c478bf95fdf a new PAC , which would help lay the groundwork for a 2020 White House run. (NBC News)American taxpayers may have been https://click.response.cnbc.com/?qs=0fff065e9127221f78dc2394ab2d93036bf41228707e932a51101183c0de44412e4600e2323c78c5272b51a72fd87960fa2ad0ad1cbba2a6 overcharged for EpiPens by as much as $1.27 billion over the course of a decade, according to the chairman of the Senate Judiciary Committee. That's nearly three times what Mylan (MYL) settled on with the government. (CNBC)Facebook shareholders (FB) will confront Mark Zuckerberg over the social network's role in https://click.response.cnbc.com/?qs=0fff065e9127221f2d05dcd942eeae9c16a05ff44dbe13f9aa8cbff5f1fdea0776e4f87b3b391268b436f5e99c98c8a3bc0c874b39a63cd8 spreading fake https://click.response.cnbc.com/?qs=0fff065e9127221ff3043c2bb1b278cb548ea4cb92a639b3b9f60527974fc9a1a029da6d6375da615a0da29187088b7a4bfeb69b4cb3dbcb news at the company's annual meeting today, arguing that democracy is at risk every time it tweaks an algorithm. (FT)Time Warner (TWX) CEO Jeff Bewkes says existing US regulations covering internet content https://click.response.cnbc.com/?qs=0fff065e9127221fdb6b784e87b89348f2fca0041a036bebf33f2cb1a382296cce4c2a3bd631f0cb557cc0775fa2858a83d16f30b0332a50 unfairly favor https://click.response.cnbc.com/?qs=0fff065e9127221f28e9f3f467c2a0c771a449824e70de4493b24d610f56e72efe04d3ce2977d3df24f984ec5f21552552780dd169c82889 Facebook and Google , and his company agreed to be bought by AT&T (T) to better compete with those tech giants. (CNBC)Sears (SHLD) said some Kmart https://click.response.cnbc.com/?qs=0fff065e9127221f982c8b3a2950d0ebe8221b738932dad43c84c7593d61432525910ab0abec8ba2ff57e9e7b05cca9d8d7a6da2b1bf3c20 customers' credit cards may have been compromised in a data breach. The retailer did not provide specifics on how many, but said no personal information was stolen. (Reuters)Uber reported improving results: https://click.response.cnbc.com/?qs=0fff065e9127221ff6889380a480379afe6f9b43a15c5e0289bfe3abc871f2860b929accd7ff30d1c05fcb91c3bf7c9589922a2a2dd6b645 a $708 million loss for the first-quarter on revenue of $3.4 billion. Separately, the ride-hailing giant announced another executive departure, its head of finance. (WSJ)Billionaire and Microsoft co-founder Paul Allen, has unveiled https://click.response.cnbc.com/?qs=0fff065e9127221f742967adf997a7e8b8f00cfb6223a8d7127e91506cf84cd2f055a050b74b06b3687b2697f7a5f67decff657bab7947ec the world's biggest plane , with a wingspan longer than an entire football field. The giant plane is designed to launch rockets into orbit. (CNBC)STOCKS TO WATCHU.S. paints and coatings maker PPG Industries (PPG) has decided not to launch a formal bid for Dutch rival Akzo Nobel after repeated informal offers of nearly $30 billion were rejected.Intelsat's (I) planned $14 billion merger with SoftBank's satellite startup OneWeb is likely to collapse. SoftBank will let the deal fall through after an insufficient number of Intelsat creditors backed the deal.Hewlett Packard Enterprise (HPE) matched estimates with adjusted quarter profit. While revenue beat forecasts, the networking and data firm saw a significant decline in its key server business. HPE CEO Meg Whitman joins CNBC at 9:10 a.m. ET.Cybersecurity firm Palo Alto Networks (PANW) reported adjusted quarterly profit of 61 cents per share, 6 cents above estimates. Revenue also beat forecasts as customer additions jumped to near record highs.Aetna (AET) is being wooed by the state of Connecticut with incentives, in a bid to keep the health insurer from moving out of the state amid reports the company was considering a move.Wells Fargo's (WFC) municipal debt business with New York City was suspended, with city officials citing last year's sales scandal and a rating of the bank's business in low and moderate income communities that falls below the "satisfactory" level.Las Vegas Sands (LVS), Wynn Resorts (WYNN) and other casino operators with a presence in Macau may benefit today, after gambling revenue in the Chinese territory jumped 24 percent in May from a year earlier, the 10th consecutive monthly gain.WATERCOOLERFlorida authorities have released https://click.response.cnbc.com/?qs=0fff065e9127221ff2ed4de8ea7fe4bd734e4c5d58ca3f921641a2efdc36e95f77790b15f026b025c5b28b365d29489f86760045b133ef65 dashcam video showing Tiger Woods being questioned by police during the golfer's DUI arrest. Woods has said he suffered from an unexpected reaction from medication. (NBC News) CONTRIBUTORS https://click.response.cnbc.com/?qs=0fff065e9127221f03dd573349ec25cccd699c7c13f3410c68078a413e18129f0185c970876fe43f3803ad16def592b83da3d011f34b33e4 https://click.response.cnbc.com/?qs=0fff065e9127221f03dd573349ec25cccd699c7c13f3410c68078a413e18129f0185c970876fe43f3803ad16def592b83da3d011f34b33e4 Matthew J. 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