GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. With all the volatility in the oil market, I found it helpful to look at this timeline for a reminder of all that's happened over the last eight weeks. Stock futures are higher this morning. All three major indexes closed yesterday's session lower. Here are five key things investors need to know to start the trading day:
1. Extension granted
US President Donald Trump speaks during the NCAA Collegiate National Champions Day event at the White House in Washington, DC, on April 21, 2026. Brendan Smialowski | AFP | Getty Images
2. Turbulent times
A United Airlines plane taxis at Los Angeles International Airport on April 21, 2026 in Los Angeles, California. Justin Sullivan | Getty Images
Shares of Boeing rose more than 3% this morning after the plane maker reported a smaller-than-expected loss per share in the first quarter and topped revenue expectations. Boeing CEO Kelly Ortberg will join CNBC's "Squawk on the Street" at 9 a.m. ET this morning to discuss the results. Watch live on CNBC or CNBC+. Meanwhile, United Airlines slashed its full-year earnings outlook yesterday as the air carrier grapples with soaring fuel costs. Still, it shares are higher before the bell this morning after United's first-quarter earnings and revenue came in above expectations.
3. Tough questions
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images
Kevin Warsh, Trump's choice to lead the Federal Reserve, was grilled by senators at his confirmation hearing yesterday, facing questions about his wealth, stance on artificial intelligence and ability to be independent from Trump. Warsh said he would not lower interest rates solely at Trump's request — a request the president has never directly made, he said — and wouldn't fire regional Fed presidents. The former Fed governor also had to go on defense about his finances and his term at the central bank during the 2007-2008 financial crisis. But as CNBC's Matt Peterson writes, one topic remained largely unmentioned: Warsh's plans for a "regime change" at the central bank.
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