GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Turns out there is in fact a markets angle to South Korean boyband BTS's comeback this weekend. Stock futures are little changed this morning after closing yesterday's session higher. Here are five key things investors need to know to start the trading day:
1. Breakfast 'TACO'?
US President Donald Trump speaks to reporters before boarding Air Force One at Palm Beach International Airport in West Palm Beach, Florida, on March 23, 2026. Saul Loeb | Afp | Getty Images
2. Worth by Wirth
Mike Wirth, chief executive officer of Chevron Corp., speaks during BlackRock's 2026 Infrastructure Summit in Washington, DC, US, on Wednesday, March 11, 2026. Daniel Heuer | Bloomberg | Getty Images
The oil market has been volatile since the Iran war began, but Chevron CEO Mike Wirth said yesterday that there may be more upward price pressure on the horizon. Speaking at S&P Global's CERAWeek conference in Houston, Wirth said that he doesn't think the supply disruption from the closure of the Strait of Hormuz is fully priced in. The market is trading on "scant information" and "perception," he said, noting that the physical supply of oil is smaller than futures contracts insinuate. Meanwhile at CERAWeek, Energy Secretary Chris Wright told CNBC that the White House aims to bring more diesel to the market to combat surging fuel prices. Interior Secretary Doug Burgum also said that Asian countries now want to increase their intake of U.S. energy.
3. Style assistant
Tags hang from pants displayed at an Old Navy store on Sept. 4, 2025 in Emeryville, California. Justin Sullivan | Getty Images
Gap and Google are teaming up. CNBC's Gabrielle Fonrouge reported this morning that the retailer will soon offer checkout within Google's Gemini artificial intelligence platform. With the partnership, Gap becomes the first fashion company to work directly with Google on agentic commerce. Shoppers who chose to purchase a product via Gemini will pay through Google Pay, but Gap will oversee shipping and other logistics. The announcement comes as AI products draw shoppers away from traditional search functions, causing retailers to rethink their marketing strategies. "It's not just keyword search anymore, right? It's conversations, and so we need to be relevant to that," Sven Gerjets, Gap's technology chief, told CNBC.
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