to Twitter employees at a company town hall for the first time since he reached a deal in April to purchase the social media giant for $44 billion. Musk is slated to answer pre-submitted employee questions for roughly an hour at the virtual meeting, according to the Wall Street Journal.The Labor Department is out with its count of new claims for unemployment benefits for last week. Expectations are for 215,000, down from 229,000 the previous week and back around pre-pandemic levels.
The Commerce Department is expected to say that the number of new homes under construction in May fell 1.3%, the third straight monthly decline, to a seasonally adjusted annual rate of 1.701 million. That’s down from 1.724 million in April, and well below March’s reading of 1.783 million which was the highest since June 2006. Permits for future construction are anticipated to fall 2.1% to 1.785 million in May.