CNBC — 2026-06-29#

Lead Story#

Comcast is spinning off its cable networks and media assets—including NBCUniversal and Sky—into a separate publicly traded company, sending shares soaring 23%. This move is intended to unlock strategic flexibility and value in a media landscape increasingly challenged by streaming rivals and industry consolidation,.

Markets & Economics#

The Dow Jones Industrial Average closed at a fresh record above the 52,000 level, boosted by Alphabet’s 4% gain during its first trading session as a Dow component,. Meanwhile, U.S. Treasury yields remained relatively flat, with the 10-year yield hovering near 4.376%, as investors await key labor data including May’s JOLTS report and June nonfarm payrolls,. In a major ruling for the Federal Reserve, the Supreme Court temporarily blocked President Donald Trump from firing Fed Governor Lisa Cook, preserving central bank independence for the time being,. Oil prices ticked higher, with West Texas Intermediate briefly reclaiming the $70 mark, as the U.S. and Iran agreed to pause hostilities and resume peace talks regarding the Strait of Hormuz,,.