hampton pearson explains why. >> reporter: the may slowdown in hiring was not the only surprise in the latest government jobs report. downward revisions for march and april pushed the three-month average to just 121 new hires per month, a sharp decline from the 181,000 average over the last year. >> the economy has to shift what it's doing from after the financial crisis and bubble. and that's a slow process. and that's just where we are. >> reporter: there were enough new hires to push the unemployment rate down to 4.3%, the lowest since the spring of 2001. it happened because of a big jump in the number of persons who stopped looking for work. but the trump white house points out the broadest unemployment gauge, the u-6, fell to 8.4% in may, the lowest since the fall of 2007. >> we're not worried about slowing job growth. when you look at how many people we brought back into the workforce and you look at the u-6 number, the fact that the u-6 number is down by 1% since inauguration day, we're clearly bringing people back in the job force. >> reporter: health care and restaurants produ

hampton pearson has our story. >> reporter: the supreme court revival of the trump travel ban on travelers from six muslim majority countries is a reversal of fortune for president trump who had been on the losing end of several lower court rulings that blocked his original executive order issued last march. the president released a statement calling the high court's action a clear victory for our national security. he said it allows the travel suspension for the six terror-prone countries and the refugee suspension to become largely effective. the justices issued an order that allows the trump administration to implement part of a temporary ban. it cannot be enforced, the high court says, against travelers, quote, who have a credible claim of a bona fide relationship with someone or some organization in the u.s. three of the court's more conservative justices, clarence thomas, neil gorsuch, samuel alito said the court remedy will prove unworkable and invite a flood of lawsuits. >> this is going to be a lit the bit of a logistical nightmare because authorities are now going to have to deci

we have breaking news out of washington, d.c., with hampton pearson. hampton? >> reporter: brian, the u.s. appeals court in san francisco has upheld in large part the ruling that blocked the trump revised executive order restricting travel from six muslim majority countries. this, of course, was the review of the ruling from the hawaii-based federal judge that blocked part of the trump order basically claimed it halted the entry of people from six muslim majority nations and refugees so now the ninth circuit weighed in supporting essentially holding off on that ban. it is expected perhaps at some point that the u.s. supreme court is going to ultimately have to settle the whole question back to you. >> the legal fight will continue hampton pearson, thank you with us now we're having a conversation about the markets with bob and nancy nancy from heartland financial, you've liked these big cap tech names. i think you like alphabet, facebook and microsoft so are you going through some of the wreckage over the last two sessions or too early within just two days to t

but first, hampton pearson has the stock report. points, the s&p down by two. the nasdaq falling 32 points. apple fell 2.5% following news the company will use slower modems in upcoming iphones compared with the competition. general electric rose 3.6%. the ceo will be replaced by john flannery, currently of ge hea h healthcar healthcare. the first in business worldwide. tech: when you schedule with safelite autoglass, you get a text when we're on our way. you can see exactly when we'll arrive. i'm micah with safelite. customer: thanks for coming, it's right over here. tech: giving you a few more minutes for what matters most. take care. kids singing: safelite® repair, safelite® replace. when i feel controlled by frequent, unpredictable abdominal pain or discomfort and diarrhea. i tried lifestyle changes and over-the-counter treatments, but my symptoms keep coming back. it turns out i have irritable bowel syndrome with diarrhea, or ibs-d. a condition that's really frustrating. that's why i talked to my doctor about viberzi... ...a di

but first hampton pearson with the cnbc wrap. >> the key health care vote casting doubt on president's pro growth agenda, the dow falling 98 point, s&p down 19, the nasdaq dropping 100 points. a tech selloff. google parent alphabet fell more than 2%. the eu fined google $2.8 million for violating anti-trust rules. and jpmorgan rose 9%. that's it for cnbc, first in business worldwide. >> a little developing situation here. mitch mcconnell and john cornyn just got out of the white house meeting with the president. here it is. >> the president got an opportunity to hear from the various members who have concerns about market reforms and the medicaid, the future of medicaid and medicaid expansion, so i think the meeting was very helpful. the one thing i would say is that i think everybody around the table is interested in getting a yes, interested in getting an outcome because we know the status quo is simply unacceptable, unsustainable and no action is just not an option. >> critics say the longer this takes, the harder it's going to be pass a health care bill. >> i don't think so. cert

but first, hampton pearson with the cnbc market wrap. >> the dow and s&p 500 had stronger than expectedivate sector hiring and manufacturing. the dow gaining 135 points. the s&p adding 18. the nasdaq finishing 18 points higher. more signs of an improving market. private sector businesses added 253,000 jobs last month. beating the expectations. the government release as more comprehensive hiring report on friday. shares of hewlett-packard fell after reporting weaker than expected quarterly results. that's it from cnbc. about people and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ ♪ ♪ ♪ take on the mainstream. introducing nissan's new midnight edition. ♪ you didn't know we had over 26,000 local activities listed on our app. or that you could book them right from your phone. a few weeks ago, you still didn't know if you were gonna go. now the only thing you don't know, is why it took you so long to come here. expedia. everything in one place, so you

. >>> first, hampton pearson with the cnbc market wrap. >> tech stocks take another plunge, taking thehe dow falling 167 points, the s&p sliding by 21, the nasdaq dropping 90 points. the tech sector resumed its downward trend, falling 1.8%. apple shed 1.47%. elsewhere, the commerce department says the u.s. overall economy grew at an annualized rate of 1.4% in the first quarter. slightly more people filed for unemployment benefits last week. weekly jobless claims rose to 244,000, just above what analysts had been expecting. that is it from cnbc, first in business worldwide. e me, and you're talking to your rheumatologist about a medication... ...this is humira. this is humira helping to relieve my pain... ...and protect my joints from further damage. humira has been clinically studied for over 18 years. humira works by targeting and helping to... ...block a specific source... ...of inflammation that contributes to ra symptoms. it's proven to help relieve pain and... ...stop further joint damage in many adults. humira can lower your ability to fight infections, including tuberculosis. se

we'll go to hampton pearson at the supreme court where the president is now weighing in as well hampton>> reporter: how you doing, brian? we have the supreme court giving a partial revival to the trump travel ban th a full hearing will continue when the court returns in the fall in the meantime, the trump administration's request is being allowed to go into effect partly gorsuch, thomas and alito are criticizing what they call a compromise "the court's remedy will prove unworkable it will also provide a flute of litigation." now the travel industry worldwide, of course, trying to figure out what it all means earlier today on cnn, this reaction from the ceo of royal caribbean. >> i think for our business, it's been booming anyhow so we don't really think this will have much of an impact of course, in the travel business, you don't like any kind of a travel ban. >> reporter: we also have a statement now from president trump. no surprise there, essentially declaring victory, in his words saying that the action by the court today allows the suspension to become, quote, largely effective. th

. >> we'll come back to that getting some headlines the supreme court today, hampton pearson has that what is going to be heard during the next term. specifically one of the cases that the court has decided it will take up is the question of some of the scope of the whistleblower protections that were part of the dodd frank law. specifically they're going to take up a case this is digital realty trust essentially they had a lower court ruling they were appealing a lower court ruling about alleged misconduct by a supervisor that was never reported the case hinges on whether or not the whistleblower protection rule required by dodd frank are lawful so again it's the first news we have got of the day of future cases being granted we of course are standing by for possible news on the fate of the trump travel ban going forward and this is the last full day of this term. there are six major decisions that we are awaiting word on as well back to you. >>> thanks for what. when we come back a happy development for a member of the president's cabinet. squawk on the street has that in a moment >