Tesla shares rise after Elon Musk suggested he was open to making amends with President Trump, easing tensions after their simmering feud erupted into a public spat. Charles Lemonides of Valueworks says Tesla is a surrogate of a cult of personality. Meanwhile, US jobs data allayed concerns of an imminent economic slowdown. We walk to US Labor Secretary Lori Chavez-DeRemer and BlackRock’s Rick Rieder. Plus, Jennifer Hyman, the head of Rent the Runway joins Bloomberg Open Interest to talk about the company’s revamp.
Chapters:
00:00:00 – Open Interest Begins
00:01:49 – US Adds 139,000 Jobs in May
00:05:34 – Equities Touch Premarket High
00:21:28 – Morning Movers
00:28:22 – US Labor Secretary on Labor Force largest drops since 2023
00:38:36 – Top Calls
00:39:33 – Rent The Runway CEO on The Subscriber base grows
00:42:08 – Rent the Runway’s Comeback Plan
01:14:04 – Infiniti Unveils Full-Size Luxury SUV QX80
01:21:10 – Business of Big Law
——–
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