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Elevation Partners Co-Founder Roger McNamee discusses why he believes the AI trade is worse than the dot com bubble. We also bring you all the details on Microsoft's newly announced layoffs. Plus, IMAX CEO Rich Gelfond joins to discuss demand for movies after "Minions and Monsters" topped the box office over the holiday weekend.

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Chip stocks rebound as investors digest SK Hynix’s planned U.S. listing, reports of a delay to Nvidia’s next-generation AI system, and Broadcom’s expanded partnership with Apple. Then BNY CEO Robin Vince joins the show to discuss the rollout of Trump Accounts and how artificial intelligence is reshaping the future of work. Plus, President Trump confirms he personally called FIFA President Gianni Infantino about U.S. striker Folarin Balogun’s red card and suspension. We have the impact on the betting markets.

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Carl Quintanilla, Jim Cramer and David Faber kicked of a new trading week with a historic event: President Trump rang both the NYSE and Nasdaq opening bells from the Oval Office, making him the first president to do so. The bell ringing was in celebration of the first trading day of the Trump Accounts. Robinhood CEO Vlad Tenev joined the show from the White House to talk about the new investment accounts for children. The anchors discussed the tech sector getting a boost to start the week. Also in focus: Broadcom and Apple extend AI chip partnership, South Korea's SK Hynix launches $28 billion U.S. listing, the sectors Morgan Stanley strategist Mike Wilson says are good plays for a broadening stock market, Oracle's losing streak, trillion-dollar tech and AI -- from Nvidia to Meta.

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Tusk Ventures CEO Bradley Tusk joins to discuss the implications of OpenAI reportedly proposing handing over a 5% stake to the Trump Administration. We also discuss this morning's jobs number with former CEA Chair Jared Bernstein. Then, we break down Tesla's latest deliveries that beat expectations. Plus, as Americans brace for a heat wave this weekend, we take a look at the impact on power prices and the grid.

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Hear key analysis on this morning's Jobs Report - and what it means for the Fed, rates, and markets - with CNBC's own Carl Quintanilla, Leslie Picker, and Michael Santoli alongside Rick Santelli, Goldman's Chief Economist, and JPMorgan Asset Management's Chief Strategist this hour. Plus: AI demand concerns growing - and taking down chip stocks in Asia... hear one industry analyst make the case for OpenAI and Anthropic to NOT join public markets. Elsewhere this hour: details on one BBQ item seeing record prices, and why Blue Owl shares are gaining in the early trade despite more redemptions from 2 private credit funds.

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On the last trading day of a holiday-shortened week, Carl Quintanilla and Jim Cramer reacted to the June employment report showing weaker-than-expected job creation. Stocks rose on that data, which fueled hopes that the Fed would be less likely to hike rates. National Economic Council Director Kevin Hassett joined the program with White House reaction to the jobs numbers.

The anchors asked him about OpenAI reportedly discussing a proposal to give the U.S. government a 5% stake in the company. Also in focus: Tesla Q2 deliveries beat forecasts, Microsoft's new AI "Frontier," what's next for Meta one day after shares rallied on its push into cloud computing, new redemptions at Blue Owl.

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Sara Eisen joins from the ECB Forum in Portugal after speaking with global central bank leaders on a blockbuster panel, including Fed Chairman Kevin Warsh. Then, Anthropic investor Matt Witheiler of Wellington Management joins after Anthropic announces the Trump Administration reversed its ban on two of the company's AI models. Plus, we bring you Palantir CEO Alex Karp's message to Wall Street when it comes to open source models and LLMs.

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