GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. After reading about Restaurant Brands International 's earnings this morning, I'm in the mood to get my morning coffee from Tim Hortons. Stock futures are rising this morning after a winning day for the three major indexes. Here are five key things investors need to know to start the trading day:
1. Nearing the end?
U.S. President Donald Trump speaks during a proclamation signing in the Oval Office of the White House on May 5, 2026 in Washington, DC. Anna Moneymaker | Getty Images
Stock futures are jumping and oil prices are falling after Axios reported this morning that the U.S. and Iran are nearing a deal to end the war. A spokesperson for Iran's Foreign Ministry told CNBC that it was "evaluating" a 14-point peace proposal from the U.S. Following the report, President Donald Trump said in a Truth Social post this morning that Iran will be bombed "at a much higher level" if Tehran doesn't agree to a deal. The potential peace agreement comes after Trump said yesterday that he would pause "Project Freedom," a U.S. military effort to guide commercial ships out of the Strait of Hormuz. Trump cited "Great Progress" toward a deal with Iran as reason to suspend the project, which began only a day earlier.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters
3. Disney in demand
People attend the "Happily Ever After" fireworks display at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. Octavio Jones | Reuters
Strength in its streaming and parks units helped Disney beat second-quarter revenue expectations this morning. Shares of the company rose as much as 7% in premarket trading following the report, Disney's first since Josh D'Amaro took the helm in March. Revenue in Disney's experiences business rose 7% year-over-year despite a 1% decline of domestic park visits, which the company said was due to fewer international visitors. But CFO Hugh Johnston told CNBC's Julia Boorstin that the company hasn't seen rising energy prices dampen the strength of the consumer, saying bookings for the second half of the year "are quite strong."
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4. Raise a glass
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