Happy Monday! The 5 things you need to know before the stock market opens today: trade talks between the U.S. and China begin in London as exports drop from China, trade negotiations with India continue, President Trump is eyeing a new Fed chair, and college athletes face a different financial future.

Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format.

President Trump and Elon Musk are in a very public clash on social media, an explosive end to a bromance that began on the President’s campaign trail. The allegations, the X posts, and what’s next–plus, what Congress and the reconciliation bill have to do with the fight. Musk targeted House Speaker Mike Johnson (R-Louisiana) in some of his latest social media posts, but Speaker Johnson tells us, “it doesn’t need to be personal.” He explains the GOP rifts over addressing the national deficit. U.S. hiring in May slowed, but not as much as economists expected. CNBC’s Mike Santoli, Steve Liesman, and Rick Santelli join former CBO Director Doug Holtz-Eakin, Nuveen’s Saira Malik, and former Treasury official Kitty Richards to discuss the report and what the numbers tell us about the country’s economic trajectory.

Speaker Mike Johnson - 16:13

Jobs Panel - 34:10

In this episode:

Mike Johnson, @SpeakerJohnson

Steve Liesman, @steveliesman

Mike Santoli, @michaelsantoli

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Katie Kramer, @Kramer_Katie

The 5 things you need to know before the stock market opens today: it’s jobs Friday, Circle’s celebrating as a public company, Lululemon and Docusign shares are pressured, Broadcom likes AI, and celebrate - it’s national donut day!

Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format.