GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. There's a warning for anyone rooting for France in this year's FIFA World Cup: Artificial intelligence isn't in your corner. Stock futures are higher this morning following a down day for all three major averages. Here are five key things investors need to know to start the trading day:
1. Not-so-happy meal
A sign hangs outside of a Shake Shack location on Feb. 21, 2025 in Chicago, Illinois. Scott Olson | Getty Images
2. Hire hopes?
Job seekers attend the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida. Joe Raedle | Getty Images
April's jobs report is due out at 8:30 a.m. ET today. Economists polled by Dow Jones predict the data to show that the U.S. economy added 55,000 jobs last month, what would be a big slowdown from March. The unemployment rate is expected to hold steady at 4.3%. JPMorgan's trading desk sees the potential for significant market swings depending on what this morning's report says. Private payrolls data for March released by ADP earlier this week came in hotter than economists anticipated. Chicago Federal Reserve President Austan Goolsbee will join CNBC's "Money Movers" today at 11 a.m. ET. Watch live on CNBC or CNBC+.
3. Crossfire
Oil/Chemical Tanker "Bald Man" at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. Amr Alfiky | Reuters
Hostilities in the Strait of Hormuz appeared to reignite yesterday, as the U.S. and Iran exchanged fire in the strategic shipping route. Each country claimed the other began the attack, which came as Iran reportedly considered a U.S. proposal to end the war. As CNBC's Kevin Breuninger notes, the strikes push the fragile U.S.-Iran ceasefire agreement further into jeopardy. However, President Donald Trump told an ABC News reporter last night that the ceasefire remains in effect, calling the attacks "just a love tap." Despite the hostilities in the strait, oil prices are flat this morning. Shell CEO Wael Sawan told investors yesterday that the oil market is short nearly 1 billion barrels — and it could only get worse as the war continues.
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