Alphabet gets a new CFO, ADP report: Morning Brief

Madison Mills and Brad Smith
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The Wednesday edition of Morning Brief is getting investors set for a busy day of trading.

The ADP employment report for May showed private employers added 152,000 jobs last month, less than the 175,000 economists were expecting. UBS Global Wealth Management Senior US Economist Brian Rose says that despite the weaker-than-expected report, "things are looking good for the soft landing scenario that the Fed has been aiming for."

Some big news out of Big Tech. Alphabet (GOOGL, GOOG) announced its new Chief Financial Officer will be Anat Ashkenazi, who currently serves as CFO at Eli Lilly (LLY).

Brad Smith and Madison Mills recap earnings from Hewlett Packard Enterprise (HPE), Campbell Soup (CPB), Dollar Tree (DLTR), and CrowdStrike (CRWD). They also discuss a bid from some financial giants to create a stock exchange based in Texas.

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This post was written by Stephanie Mikulich.