GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. I'm back after a long weekend skiing in Colorado, just in time for yesterday's Federal Reserve meeting. Stock futures are lower this morning. The three major indexes are coming off a losing day. Here are five key things investors need to know to start the trading day:
1. Going steady
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting at the Federal Reserve Board Building in Washington, March 18, 2026. Brendan Smialowski | AFP | Getty Images
2. Keeping up with the Joneses
Pumpjacks operate at the Inglewood Oil field in Los Angeles, California on March 17, 2026. Patrick T. Fallon | Afp | Getty Images
Oil prices continued to rally today, with Brent futures briefly topping $119 this morning after Iranian strikes on key energy infrastructure in the Middle East. In an effort to stabilize volatile oil markets, President Donald Trump yesterday issued a 60-day waiver of the Jones Act — a U.S. shipping law that requires goods transported between U.S. ports be done so by domestic vessels. Meanwhile, Vice President JD Vance and Energy Secretary Chris Wright are slated to meet with the oil industry today. U.S. governors and congressmembers will also attend the meeting at the American Petroleum Institute, a lobbying group representing major U.S. oil and gas firms.
3. If memory serves
Sopa Images | Lightrocket | Getty Images
Micron soared past Wall Street's earnings and guidance expectations yesterday, but shares are down more than 5% this morning as investors take profit after the stock's 350% run. The company, which has benefited from skyrocketing demand for Nvidia's graphics processing units, has rushed to increase its memory capacity. Micron said yesterday that its quarterly revenue nearly tripled from the same period a year ago and that it expects current-quarter revenue to grow by more than 200% on a year-over-year basis. Don't miss Micron CEO Sanjay Mehrotra on CNBC's "Squawk on the Street" at 9 a.m. ET. Watch live on CNBC+ or the CNBC Pro stream.
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