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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you're attending CNBC Pro Live tonight at the Nasdaq MarketSite, look out for me at the cocktail hour. Stock futures are lower this morning after all three major averages eked out gains yesterday. Here are five key things investors need to know to start the trading day:
1. Trading strikes
The Jag Aalok bulk carrier anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images
2. Winter wonderland
This photograph taken on January 20, 2026 shows the logo of US cloud-based data platform company Snowflake in the Alpine resort of Davos during the World Economic Forum (WEF) annual meeting. The World Economic Forum takes place in Davos from January 19 to January 23, 2026. Ina Fassbender | Afp | Getty Images
Snowflake reported stronger-than-expected results for its first quarter Wednesday, also announcing a $6 billion spending commitment to Amazon Web Services. Shares of the company soared more than 37% in extended trading, putting the stock on track for its best day ever. As CNBC's Jordan Novet and Katie Tarasov report, the deal includes the purchase of Amazon's custom silicon and chips for artificial intelligence. Snowflake also said it is acquiring AI startup Natoma. Elsewhere in tech: Salesforce beat Wall Street's first-quarter estimates on both lines, but the software company's full-year outlook came up sightly short of forecasts.
3. What's the deal
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., right, departs the US Capitol in Washington, DC, US, on Wednesday, Feb. 25, 2026. Graeme Sloan | Bloomberg | Getty Images
JPMorgan Chase could be going into M&A mode. CEO Jamie Dimon said yesterday that the bank could spend as much as $20 billion on an acquisition in the next couple of years, telling a conference in New York that the bank is "on the lookout" for opportunities. As CNBC's Hugh Son notes, a deal of that size would be the largest of Dimon's two-decade tenure at JPMorgan's helm. But Dimon also characterized acquisitions as a last-resort mechanism, rather than a growth strategy. When bankers focus too much on dealmaking, he said, it can be a way to hide lackluster organic expansion.
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