This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. If you have a teen looking for a summer job, the highest-paying gigs might not be what you'd expect. Stock futures are mixed this morning after a modestly positive session yesterday. Here are five key things investors need to know to start the trading day:
1. Another one
Hewlett Packard Enterprise rings the Opening Bell at the New York Stock Exchange on Oct. 15, 2025. NYSE
2. Deal talks
U.S. President Donald Trump (C) listens as U.S. Interior Secretary Doug Burgum (L) speaks alongside U.S. Secretary of State Marco Rubio and U.S. Commerce Secretary Howard Lutnick during a Cabinet meeting in the Cabinet Room of the White House on May 27, 2026 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images
In an interview on the New York Post's "Pod Force One" podcast released this morning, President Donald Trump said Iran has "already agreed" to not have nuclear weapons but "they can change their mind." The president also said he believes it's "unlikely" that the U.S. blockade of Iranian ports will still be in place by Labor Day. His comments come after Iranian media reported that the country's negotiators stopped exchanging messages with U.S. counterparts several days ago. But Trump and Secretary of State Marco Rubio on Tuesday said otherwise: The president called the reports "Fake News" and said "conversations between us have been going on continuously," while Rubio said in a congressional hearing that "now we are in talks." Don't miss CNBC's Sara Eisen's exclusive interview with Israeli Prime Minister Benjamin Netanyahu at 10 a.m. ET. Watch live on CNBC or CNBC+.
William Pulte, director of the Federal Housing Finance Agency (FHFA), during a Bloomberg Television interview outside the White House in Washington, DC, US, on Monday, Jan. 12, 2026. Stefani Reynolds | Bloomberg | Getty Images
Federal Housing Finance Agency Director Bill Pulte will become acting director of national intelligence, succeeding Tulsi Gabbard, Trump announced yesterday. Pulte, who has no clear experience in intelligence, will oversee the CIA and National Security Agency. Democrats and at least one member of Trump's party slammed the decision to pick who some see as an attack dog for Trump. In his role as FHFA chief, Pulte has made allegations of mortgage-related crimes against several of Trump's political adversaries. As CNBC's Garrett Downs notes, Pulte will have access to some of the nation's most tightly-held secrets in his new role. Analysts worry that Pulte could politicize the office and hamper the country's intelligence gathering efforts.
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4. Macy's Q1 miracle
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