GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Some young shoppers likely spent the holiday weekend picking up Surfside and Sun Cruiser cans rather than White Claws this year. As CNBC's Amelia Lucas reports, Gen Z is feeling seltzer fatigue and increasingly opting for non-carbonated drinks. Stock futures are higher this morning. The market is coming off a winning week. Here are five key things investors need to know to start the trading day:
1. Peace planning
U.S. President Donald Trump delivers remarks during a campaign and economic policy event in the Eugene Levy Fieldhouse at SUNY Rockland Community College on May 22, 2026 in Suffern, New York. Roberto Schmidt | Getty Images
2. The Warsh era
Kevin Warsh (L) takes the oath of office from U.S. Supreme Court Associate Justice Clarence Thomas (R) as his wife Jane Lauder looks on during his swearing-in ceremony to be the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC. Roberto Schmidt | Getty Images
Kevin Warsh was officially sworn in as chair of the Federal Reserve on Friday. He is the first Fed chair to be sworn in at the White House since 1987. Trump said in remarks at the event that he wants Warsh to be "totally independent," telling the central bank's new leader to "just do your own thing." But at a campaign-style rally later the same day, Trump said he expects interest rates to come down "very quickly." As CNBC's Jeff Cox notes, Fed watchers are wondering what Warsh's promise for "regime change" at the Fed will look like. Some expect he will have the Fed take a smaller position in financial markets and set clearer rules on when the central bank should step in.
3. Smart moves
The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft proposal released by Brussels on Tuesday - a move criticized by China's Huawei, which is set to be among the companies affected. Sopa Images | Lightrocket | Getty Images
Chinese technology leader Huawei announced a new design approach for its smartphone chips on Monday. As CNBC's Evelyn Cheng reports, the news has implications for both Nvidia and Apple . Huawei's new approach, called "LogicFolding," heats up the competition in China. Nvidia CEO Jensen Huang acknowledged to CNBC last week that his company has "largely conceded" the Chinese market to Huawei as it contends with U.S. export restrictions. The development also threatens Apple's market share in China, where Huawei's Mate 60 smartphone has increasingly won over consumers.
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