GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. It was a big night for the Knicks — and for the New York City bar that used prediction markets to hedge its customers' tabs. S&P 500 futures are falling this morning. The major indexes are coming off a down day. Here are five key things investors need to know to start the trading day:
1. Streak stopped
A television station broadcasts a news conference with US President Donald Trump on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Michael Nagle | Bloomberg | Getty Images
2. Power players
Israeli Prime Minister Benjamin Netanyahu speaks with CNBC from Jersusalem on June 3rd, 2026. CNBC
In an interview with CNBC's Sara Eisen yesterday, Israeli Prime Minister Benjamin Netanyahu said he and U.S. President Donald Trump have some "tactical disagreements" about how to handle the Iran war, though the two leaders "agree on the main things." Netanyahu also told CNBC that alternatives for oil shipping through the Strait of Hormuz are being developed and that he expects a regime change in Iran, but "you can't predict when it'll happen." Hours after the exclusive interview, Israel and Lebanon announced in a joint statement with the U.S. that they agreed to implement a ceasefire. Meanwhile, the GOP-led House of Representatives passed a resolution limiting Trump's war powers in a rare rebuke of the president.
3. Launch pad
SpaceX's Falcon 9 rocket, is prepared for carrying NASA's Crew-10 astronauts to the International Space Station at the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 14, 2025. Joe Skipper | Reuters
SpaceX set a fixed price of $135 per share ahead of its public market debut, according to a regulatory filing yesterday. Elon Musk's space startup said it plans to sell 555.6 million shares, equating to a $75 billion fundraise. SpaceX would be valued at $1.77 trillion, assuming its EchoStar spectrum and Cursor transactions close. As CNBC's Leslie Picker and Annie Palmer note, that would make the company the seventh-largest U.S. firm by market cap. Musk's net worth could also surge past $1 trillion. But SpaceX investors should be ready for a tough ride, at least at first. Data shows that after a major IPO, the stock tends to fall significantly in its first year.
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