Twitter vs. Musk; Jobs Friday Surprise; GameStop Power Plays 7/8/22

Some recession we’re having, huh? A surprisingly positive jobs report for the month of June may defy fears of a looming economic slowdown.  Payrolls increased by 372,000 jobs, above expectations.  CNBC’s Steve Liesman and SoFi Head of Investment Strategy Liz Young discuss the robust labor market with Joe Kernen and Melissa Lee.  Elon Musk and Twitter are still dancing around a possible deal; The Washington Post reports that Musk’s proposed $44B bid to buy the social media platform could be in jeopardy.  Axios’ Sara Fischer and Cowan merger strategist Aaron Glick say that Twitter’s board is the one that could be flexing its power – Musk faces a billion-dollar break-up fee if he walks away.  And, the latest from the mother of meme stocks: GameStop’s latest move to reinvent the brick and mortar video game retailer puts its CFO and other corporate employees out of jobs.

 

In this episode:

Sara Fischer, @SaraFischer

Steve Liesman, @SteveLiesman
Liz Young, @LizYoungStrat

Joe Kernen, @JoeSquawk

Melissa Lee @MelissaLeeCNBC

Katie Kramer, @Kramer_Katie

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