Finance

Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.

Rockstar Energy founder Russ Savage told CNBC he now controls 12 million shares of Celsius Holdings, amounting to roughly 4.7% of the energy drink company.

CNBC’s Robert Frank joins ‘Squawk on the Street’ to discuss Rockstar Energy founder Russ Savage telling CNBC he now controls 12 million shares of Celsius Holdings, amounting to roughly 4.7% of the energy drink company. Savage said Celsius leadership needs to be replaced after this week’s earnings miss and what he called management missteps.

A weaker labor market would weaken the case for raising rates, which some members of the central bank have called for amid higher energy prices.

Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate held steady at 4.2%, according to the Dow Jones consensus.

These are the stocks posting the largest moves premarket.

These are the stocks posting the largest moves in extended trading.

Once a reliable gauge if economic health, “Dr. Copper” may be giving complicated signals this year.

Once a reliable gauge if economic health, “Dr. Copper” may be giving complicated signals this year.

Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.