My top 10 things to watch Thursday, June 5 1. First-time filings for unemployment insurance totaled 247,000 last week, more than the Dow Jones estimate for 236,000. Continuing claims also moved higher. What will tomorrow’s official jobs report have in store? ADP’s private payrolls number was also weak yesterday. 2. Wall Street was on pace for a modestly higher open this morning after Chinese state media said Xi Jinping and President Donald Trump held a call. The market had been waiting for this news, given Treasury Secretary Scott Bessent had said trade talks between the countries were “a bit stalled.” 3. Should we be more worried about China’s export curbs on rare earth materials and magnets used in the auto, defense and energy sectors? We’re hearing that plants are starting to close in the U.S. A trade group for automakers raised concerns in a note to the Trump administration last month. 4. Trump has signed a proclamation banning citizens from 12 countries from traveling the United States: Afghanistan, Myanmar, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. The action is set to take effect Monday at 12:01 a.m. ET. 5. Elon Musk is urging lawmakers on Capitol Hill to “Kill the Bill” of tax cuts and spending priorities that Trump supports that passed the House and now is being worked on in the Senate. Separately, Musk’s Tesla saw a decline in China-made electric vehicles in May for the eighth straight months. 6. A federal appeals court has denied Apple ‘s emergency bid to stop changes to its App Store that stemmed from its legal battle with “Fornite” maker Epic Games. The ruling means Apple can no longer charge commissions on payments links inside apps. 7. Kimberly-Clark is trying to raise its perceived value in the stock market, getting rid of stuff it can’t control. The consumer products company is selling a majority stake in its international tissue business to Brazilian pulp maker Suzano. Kimberly-Clark is getting more than $1.7 billion in cash. 8. MongoDB shares jumped 19% this morning after the document storage and retrieval provider’s massive quarterly earnings beat. Revenue also exceed estimates. The company cited a “growing influence in EMEA and Asia Pacific regions.” The Americas were still its biggest market. 9. Five Below shares soared more than 10% this morning after the discount store beat on quarterly earnings, revenue and same-store sales. Forecasts current quarter comps way above estimates, along with a rosy outlook for earnings and revenue. Five Below raised its full-year outlook. 10. Stablecoin issuer Circle is set to begin trading a public company today. The company priced its initial public offering at $31 per share. That was above its expected range of $27 to $28. Circle again increased the number of shares sold in the IPO. Club name Goldman Sachs is one of the underwriters. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
