GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Yesterday was a busy day for Amazon 's top brass: CEO Andy Jassy joined CNBC's "Mad Money," while executive chairman Jeff Bezos was the honorary co-chair and lead sponsor of last night's Met Gala. Stock futures are rising this morning after a losing day on Wall Street. Here are five key things investors need to know to start the trading day:
1. Uncertainty prevails
U.S. President Donald Trump speaks during a Small Business Summit in the East Room at the White House in Washington, D.C., U.S., May 4, 2026. Kylie Cooper | Reuters
Tensions in the Middle East ratcheted up yesterday, pushing the precarious ceasefire agreement between the U.S. and Iran closer to the brink. Worries about escalation in the conflict sent oil prices surging and stocks tumbling in Monday's session. Here's what to know: The United Arab Emirates said Monday that it was under attack from Iranian missiles and drones.
The U.S. reportedly said it sank six Iranian boats in the Strait of Hormuz. Tehran's state media denied the claim.
President Donald Trump warned yesterday that Iran will be "blown off the face of the earth" if it targets U.S. vessels in the vital maritime passageway.
Kalshi traders are now betting that traffic in the strait won't normalize until at least August.
The Dow Jones Industrial Average dropped more than 550 points yesterday — its worst day in more than a month — as rising oil prices weighed on sentiment.
dropped more than 550 points yesterday — its worst day in more than a month — as rising oil prices weighed on sentiment. But crude prices are lower this morning after Danish shipping company Maersk said one of its ships passed through the Strait of Hormuz under protection from the U.S. military.
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