GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. Turns out one of the biggest winners at last month's Academy Awards might have been Kodak , whose film was used to shoot "One Battle After Another" and "Sinners." Here's how a self-proclaimed "turnaround specialist" rebuilt the company — and took it to the Oscars. Stock futures are lower this morning after all three indexes posted their best week in months. Here are five key things investors need to know to start the trading day:
1. No deal
U.S. Vice President JD Vance speaks to the media before boarding Air Force Two for expected departure to Pakistan for talks on Iran, at Joint Base Andrews, Maryland, U.S., April 10, 2026. Jacquelyn Martin | Via Reuters
Oil prices are sharply higher after President Donald Trump said yesterday that the U.S. will blockade the Strait of Hormuz. The move came after U.S. and Iranian officials failed to come to an agreement during peace talks in Pakistan over the weekend. Here's what to know: Vice President JD Vance, who led the U.S. delegation to Islamabad, said Sunday that the Iran's refusal to end its pursuit of nuclear weapons was the key sticking point.
Following Trump's announcement, U.S. Central Command confirmed in a post on X that its forces would "implement a blockade of all maritime traffic entering and exiting Iranian ports" starting at 10 a.m. ET today.
Trump indicated in comments to reporters yesterday that "other nations" would help enforce the blockade, but U.K. Prime Minister Keir Starmer said this morning that his country would not support the effort.
Crude oil prices climbed 7% this morning to re-top $100, and stock futures fell as traders saw little sign of progress in ending the Iran war.
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2. Bank balance
David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images
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