CNBC — 2026-06-03#

Lead Story#

Israeli Prime Minister Benjamin Netanyahu sat down with CNBC’s Sara Eisen for an exclusive interview, stating that Israel and the U.S. are prepared to strike Iran again if necessary,. Netanyahu warned that Tehran is “playing with fire,” as the ongoing conflict and stalled nuclear talks continue to keep oil markets on edge and prices hovering near $100 a barrel,.

Markets & Economics#

The S&P 500 closed above 7,600 for the first time ever, riding a wave of artificial intelligence optimism. In an exclusive CNBC interview, Goldman Sachs International co-CEO Anthony Gutman said markets are entering “unprecedented territory” as they absorb Alphabet’s $80 billion stock sale and prepare for blockbuster IPOs like SpaceX,. On the regulatory and economic front, Sen. Lisa Blunt Rochester joined “Squawk Box” to discuss the U.S. housing crisis and the Federal Reserve. Meanwhile, Republican senators, including Thom Tillis on “Squawk Box” and Bill Cassidy at the CEO Council Summit, heavily criticized President Trump’s appointment of Bill Pulte for acting director of national intelligence, questioning his qualifications and structural path to confirmation,,.

Business & Earnings#

Palo Alto Networks CEO Nikesh Arora appeared on “Mad Money” to officially declare the “SaaSpocalypse” dead, noting that AI is acting as a net enabler for cybersecurity demand rather than a disruptor,. In retail, Macy’s CEO Tony Spring told CNBC that the company’s strongest first-quarter comparable sales in four years were driven by a relentless commitment to core product assortment and customer care, despite macroeconomic uncertainty,,. In the AI sector, Mistral CEO Arthur Mensch discussed the race for computing power, the shift toward enterprise AI agents, and the strategic priority of AI sovereignty in Europe,.

Investing & Commentary#

Jim Cramer warned that a looming wave of AI-related capital raises—including mega-IPOs from SpaceX, Anthropic, and OpenAI—could kill the bull market by overwhelming investor demand,. He cautioned that investors might be using Nvidia as a “piggy bank,” selling the stock to free up cash to fund these upcoming deals. Adding to the AI debate, Perplexity CEO Aravind Srinivas told CNBC that the ultimate winner of the AI race will be the company that maximizes economic output relative to energy use, tracking the “taken value per watt per user”,.

Also Worth Watching#

• Sen. Lummis on Clarity Act: Jamie Dimon either hasn’t read the bill or wants to mislead people: Sen. Cynthia Lummis fires back at JPMorgan’s CEO over crypto legislation.
• Sen. Dave McCormick on BIll Pulte, Pres. Trump’s IRS settlement and regulating prediction markets: The Pennsylvania senator weighs in on controversial nominations and tax enforcement.
• Health insurer Cigna will stop covering GLP-1 weight loss drugs in its employee health plan: A major shift in corporate healthcare coverage for blockbuster weight-loss medications.
• Acting AG Blanche: Anti-weaponization fund is dead, Trump still protected from tax enforcement: Update on the DOJ’s handling of the $1.8 billion compensation fund.
• Use these five phrases to disagree with powerful people: Executive coach Melody Wilding shares specific tactics for managing up,.