The jobs report, Meta's rally, Trump Accounts and more in Morning Squawk

As the trading day begins, investors are greeted with a mix of anticipation and caution. President Donald Trump is set to join CNBC's Joe Kernen today at 5 p.m. ET for a live discussion, which could add an interesting twist to the market dynamics. Stock futures remain relatively stable this morning, particularly following a dip in the S&P 500 yesterday. In a notable shift, economists surveyed by Dow Jones predict that nonfarm payrolls will increase by 115,000 in June, a decrease from May's 172,000 gain. This early release of jobs data, prompted by the holiday, is key for traders looking to navigate the market today. In a significant development for the automotive sector, the U.S. government announced that it would not extend the USMCA trade agreement with Canada and Mexico. This decision creates fresh uncertainty for American automakers, who were hoping for a 16-year extension. Instead, the agreement will now require annual reviews, raising concerns among manufacturers about potential impacts on trade and investment. Ford's CEO, Jim Farley, expressed hopes for a more level playing field as discussions resume. Additionally, Federal Reserve Chairman Kevin Warsh provided insights during a recent panel, stating that inflation levels are concerningly high. Although he refrained from indicating the Fed's next steps, he emphasized the need for new technologies to enhance the understanding of inflation trends. In the tech realm, Meta is making waves by announcing plans to sell surplus computing power to external clients amidst the booming artificial intelligence sector. The company's stock surged over 8%, marking its strongest performance since January, as it pivots towards establishing a new cloud business to recoup its AI infrastructure investments. Meanwhile, Palantir's CEO Alex Karp voiced criticism regarding the token structures employed by AI companies like Anthropic and OpenAI, suggesting a need for reevaluation in their approach. Lastly, the introduction of the Trump Accounts this weekend marks a new investment opportunity for minors, focusing on long-term retirement savings akin to an IRA. This initiative includes a pilot program offering a $1,000 contribution for certain newborns. Investors and families alike should keep an eye on these developments as they unfold.