U.S. death toll in Iran, 'The Odyssey' box office, WarshGPT and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Happy Monday. Spain won the World Cup yesterday in an extra-time nailbiter. But the financial winner might be FIFA, which is set to net more than $9 billion in revenue for 2026.
Stock futures are higher this morning as traders look to rebound from a losing week.
Here are five key things investors need to know to start the trading day:
The U.S. completed its ninth straight night of attacks on Iran yesterday as it fights for control over the Strait of Hormuz. The wave of attacks is raising concern that the war could be entering a new phase, a month after the two countries signed a memorandum of understanding aimed at ending the conflict.
Nearly half of U.S. voters said they believe it is not appropriate for the federal government to take ownership stakes in U.S.-based companies, according to CNBC's All-America Economic Survey. Just 19% approved of government equity stakes, while 32% were undecided.
As CNBC's Matt Peterson writes, the poll's findings come after President Donald Trump's administration inked deals with several well-known firms, including Intel . In total, the White House has negotiated 30 ownership agreements worth almost $27 billion, according to the Council on Foreign Relations.
CNBC's survey also found that housing is the top political issue for young voters heading into the midterm election. Both Democrat and Republican lawmakers have celebrated the passage of a recent bipartisan housing bill, but respondents to the survey indicated they trust Democrats more on the issue.
American Airlines has a margin gap compared to rivals United and Delta . Its CEO Robert Isom wants to get rid of it.
Isom told CNBC's Leslie Josephs that the the airline's "long-range plan is certainly making up the margin gap" and that it wants "to be best at everything that we do." Last month, the carrier's top executives described new initiatives such as making making bigger and higher-end airport lounges and refreshing interiors for long-haul planes.
Isom, who didn't offer a timeline for the plan, said American should be seen as "a premium global airline with the largest footprint in North America."
CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.
Investment firms have been racing to adapt as Federal Reserve Chairman Kevin Warsh reshapes the central bank's communication strategy. Some are turning to artificial intelligence for an edge.
F/m Investments recently released WarshGPT, an AI-powered tool that scans nearly 1,800 documents to give users a sense of how the central bank's leader is thinking about the economy and monetary policy. UBS, meanwhile, has its own interactive dashboard that tracks the Fed's policy tone. The bank last month told clients that Warsh's policy-relevant comments were "overwhelmingly hawkish" following his first policy meeting as chairman.
Without as much forward guidance from the Fed, traders are anticipating the market to make bigger swings following policy decisions or Fed leader commentary.
The Universal film adaptation from renowned director Christopher Nolan raked in around $124.5 million domestically in its opening weekend. The film also brought in nearly $140 million internationally, raising the total haul to above $264 million. As CNBC's Sarah Whitten notes, that marks Nolan's third-biggest domestic debut weekend and his highest global debut.
More than 40 IMAX locations had showings between midnight and 3 a.m. this weekend due to high demand. IMAX is also adding a fifth week of screenings in its theaters, and some of those showings are already sold out.
