macy's fourth of july show. we'll take you behind the scenes in two minutes. our cucustomers dodon't do what thehey do for likes s or followewers. their papath isn't for ththe casuallyly curious. and that's's what makekes itit matter ththe most when t they find i it. the e exact thining ththat can chahange the wowo. some s say it's whwhat ththey were boborn to do.... itit's what ththey live toto . trinet s serves smsmall anand medium s sized businines. soso they can n do more of whahat matters.s. bebenefits. papayroll. comompl. trtrinet. peopople matter.. baback in the e day, snsneaker dropops meant gettining online t to waitit in line.. bebenefits. papayroll. comompl. now wiwith xfinityty mobile.. ...we get t the fastesest mobilele service and cacan get the e freshest kicks asasap. i got ththis. get ththe best pririce for 2 s of unlimitited when yoyou switch t to xfinity y mobiler $30 0 a line perer month. nicece job, littttle sis! ththey grow upup so fast.... i'm m a fan. frfrom xfinityty. >>> look at this. virgin galactic completed its first ever commercial spaceflight. huge milestone by the 19-year-old compan

s&p was up 41. shares of tech giants apple, microsoft and amazon all rose more than 1. chipmaker nvidia was up 5% and shares of macy'sup more than 1% after reporting profits that were better than expected. the number of jobs created by private employers in the month of may was much stronger than forecast. payroll processing company adp is reporting 278,000 new hires in may. the government's may jobs report is set to be released tomorrow. economists are expecting the government to report employment, including government jobs rose by 188,000 in may. that's down from 253,000 in the prior month . well, the first in a series of pop up drag shows will begin tonight in downtown san francisco, where you can find a different show every thursday throughout this pride month. anna barry weather. here's our live camera looking out toward the golden gate bridge. some sunshine over san francisco bay this afternoon and some warming temperatures. in fact, the warming will continue into the weekend and we'll have the update coming up when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mob

s&p was up 41. shares of tech giants apple, microsoft and amazon all rose more than 1. chipmaker nvidia was up 5. shares of macy'sthan 1% after reporting profits that were better than expected. and increasingly, cashless world . a major central bank is moving to do away with its paper money . european union lawmakers are now considering proposals for a digital currency to replace the physical euro's now in use. the european central bank is stressing the need to keep pace with technology and possibly bring some stability to cryptocurrency markets. the work on the digital euro is an ambitious and forward looking project that will strengthen european sovereignty. european bank leaders think it'll take a decade to implement touchless money, and the europeans are not the only ones. earlier this year , president biden ordered a study on how the us could implement digital money securely and with stability as the summer gets underway, lawmakers on capitol hill are taking a look at whether america's electric grid will be able to meet the growing demand. i'm mike emanuel in washington. i've got the details coming up. plus,

s&p was up 41 points. shares of tech giants apple, microsoft and amazon all rose more than 1. chipmaker nvidia was up 5. shares of macy'ss were better than expected. caltrain launched its summer of caltrain event today by showing appreciation for its riders. caltrain held customer appreciation day events this morning at the san francisco, palo alto and hillsdale stations , riders were given a free cup of coffee. caltrans ridership dropped off during the pandemic, but the agency says riders have started to come back. we are starting to see it slowly come back and our customer service survey said that folks are really satisfied with our service. we have like the top satisfaction. so i think if people just come and ride, they'll see how great it is. summer of caltrain events will run through august 31st as an effort to promote summer ridership. all right. the trend is for warmer. it started off on tuesday and worked its way into today or wednesday into today, and then thursday, friday and saturday, pretty warm. it's going to kind of hover there and then drop off, believe it or not , early next week. so we're going to get b

numbers, macy's warns, dollar general cuts we will talk to walmart chief bill simon on the back of their annual shareholder meeting. >> we are looking at footing session highs right now, dow is up by 1.6% s&p gaining. nasdaq composite is the star here, up by 1% nasdaq 100 hitting a 52-week high that's where all the gains are being made big tech >> debt ceiling about to be signed, decent jobs number, fed may be on hold i know you're watching what tech is doing today relative to small caps. >> that goes to divergence between big cap and small cap. the nasdaq 100 versus the russell 2000 nasdaq 100 is hitting a record high against the russell 2000. that's why a lot of strategists are saying play for the mean reversion, go to the equal weight s&p as opposed to the s&p 500 to get the underperformers. >> or sell ai, buy the hang seng finally, a vix this morning as well, below 15 it does turn some heads today. would be the lowest close since february of 2020 kind of interesting debate about whether that's good or bad and whether you buy stocks with a vix that low >> and remember it's friday, vix gets sucked out ahead of the weekend. there's a little bit of that going on 14.8 that's really remark

s&p 500 this morning "squawk box" will be right back. >>> time now for today's aflac trivia question. what year was the first macy'ssly? now there's a hole in your defense; look at the size of that- gaaaaaaaaaaaap!!! is that a goat?! you talkin' about me? gaaaaaaaaaaaap!!! i think this goat is saying “gap.” must be talking about the expenses health insurance doesn't cover. so who's talking about the money aflac pays to help close that gap? gaaaaaaaaaaaap!!! aflac! aflac! gaaaaaaaaaaaap!!! it's about to go down, baby! aflac! aflac! stop that goat! get help with expenses health insurance doesn't cover at aflac.com >>> now the answer to today's aflac trivia question. what year was the first macy's fireworks show the answer, 1958 it was held to commemorate the store's 100th anniversary. this year, the macy's fireworks show will air on nbc and peacock on july 4th, starting at 8:00 p.m. eastern >>> still to come, the tale of two housing markets. a breakdown of what the numbers are saying about the state of the sector that's next. "squawk box" will be right back. >>> throughout my 20-year career at goldman, some of my mos