U.S. jobs report is good, but not great; Saudis and Russia in fight to be top oil supplier to China; big backlash to Trump's decision to ditch Paris

Profitable Moment   Paris: Corporate America vs. Trump Being in Britain when President Donald Trump made his announcement about withdrawing from the Paris Climate Agreement has been instructive. There has been nearly universal condemnation from European politicians. (Although the London Times did an editorial agreeing with the decision on practical grounds.)   Now everyone has to work out what to do next. While France's Emmanuel Macron and Germany's Angela Merkel say renegotiation is not possible, nobody has quite fathomed what it means to have a Paris deal without the U.S.   Exxon, GE, Microsoft and other top American companies are making it clear they will continue to follow the guidelines of Paris. And numerous CEOs, such as Disney's Bob Iger, Tesla's Elon Musk and Lloyd Blankfein of Goldman Sachs, have expressed their disappointment with Trump's decision.   We are about to enter the surreal world where America's leading companies are going in the opposite direction of their own government. This is a mess. -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan, Patrick Gillespie, Julia Horowitz and Paul R. La Monica of CNNMoney 1. U.S. unemployment rate is lowest since 2001 Unemployment dropped in May -- but everything isn't rosy. The number of people in the labor force declined, and the number of Americans with a job fell. Job gains in March and April were also revised lower. The U.S. added 138,000 jobs last month, less than expected and fewer than in April. The U.S. job market is still in very good shape. Most nations would love an unemployment rate of 4.3%. But the report revealed some cracks in the U.S. economy.  2. Coal miners react to U.S. leaving Paris deal Each of these women voted for President Trump on the hope that he would help save or bring back coal jobs. But they're divided over Trump's decision to withdraw from the Paris climate agreement. Stacy Moeller, second from left, loves her job, but as an outdoor enthusiast she worries about the environment. Lora Dilley, far left, wishes Trump stayed in the agreement. But Fallon Hoverson, far right, is happy Trump pulled out of the deal.  3. Putin tells corporate America: Help Trump Russian President Vladimir Putin wants corporate America to lend President Trump a hand. At a business roundtable on Friday, Putin asked executives from major U.S. companies to "help the newly elected administration" in order to "restore normal political dialogue." His audience included top talent from Boeing, Caterpillar, Chevron and Philip Morris. Why should they listen? Putin says the deteriorating relationship is bad for business, hitting trade. 4. Saudi Arabia and Russia fight to give China oil Crashing oil prices brought Russia and Saudi Arabia closer than ever. Now, a race to satisfy China's massive thirst for energy threatens their relationship. The two countries have been working together to eliminate a huge surplus of oil that sent prices plummeting last year -- but behind the scenes, Russia and Saudi Arabia are duking it out to become China's top crude supplier. Look out.  5. Quick Takes: Ariana Grande to play benefit concert Sunday for Manchester bombing victims Deadly shooting at a Manila casino likely to hurt tourism in the Philippines Trump says his tax bill is 'moving along.' But no such bill actually exists yet More bad news for retail. Nearly a quarter of U.S. malls may be gone in 5 years Here's how 'Wonder Woman' could change Hollywood for female directors 6. What's next: What's Apple up to? The tech world's eyes will turn to the start of Apple's Worldwide Developers Conference on Monday. Reports suggest Apple could reveal updates to key devices, in addition to the usual focus on software. Apple CEO Tim Cook is expected to take the stage at 1 p.m. ET. A glance at the U.S. economy: The slowdown in job growth during May has sparked some concern that the U.S. is at or near full employment. Monday will provide a window into the health of the American economy when the Institute for Supply Management releases its May non-manufacturing index at 10 a.m. ET. Look to see if this service-sector gauge retreats, indicating a deceleration in growth.   Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com Share Tweet Forward Sign up for CNN Money's morning markets newsletter: Before the Bell Sign up for CNN Money's closing markets newsletter: Markets Now Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved. You're receiving this newsletter because you opted in at cnn.com or cnnmoney.com. Our mailing address is: Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved. One CNN Center Atlanta, GA 30303 Add us to your address book unsubscribe from this list    update subscription preferences