GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. If Shakespeare were alive today reading about all these IPOs, he might've instead written: "To buy, or not to buy, that is the question." Stock futures are rising this morning after a mixed session. The S&P 500 rose modestly yesterday. Here are five key things investors need to know to start the trading day:
1. Cooking up change
Attendees watch a screen during the Worldwide Developers Conference (WWDC) at Apple Park in Cupertino, California, on June 8, 2026. Josh Edelson | Afp | Getty Images
A man walks past a ChatGPT billboard in Mumbai, India, on Sept. 24, 2025. Nurphoto | Nurphoto | Getty Images
OpenAI is getting in on the IPO craze. The company said yesterday that it has confidentially filed with the Securities and Exchange Commission, making it the latest tech firm to take steps toward a public debut. As CNBC's Ashley Capoot and Kate Rooney note, the filing allows the ChatGPT maker to submit its financials to regulators before they are available for the public and potential investors. The company, which has been readying to go public as early as the fourth quarter, said it hasn't decided on specific timing. Anthropic, an OpenAI rival, confidentially filed its IPO prospectus last week. Meanwhile, investors are gearing up for the SpaceX IPO slated for Friday.
3. H-1B fee
Dado Ruvic | Reuters
A federal judge on Monday vacated President Donald Trump's controversial $100,000 fee for employers' H-1B visa applications. Judge Leo Sorokin said the hefty fee violated the federal Administrative Procedure Act and the Constitution. Sorokin agreed with the plaintiff states that the fee is a tax, and Congress did not delegate that power to the executive branch. The Trump administration said it would appeal the ruling. Trump's fee on H-1B visas — which allow U.S. employers to temporarily hire skilled workers from overseas — sent corporate America scrambling last year. Companies such as Walmart previously said they would pause their participation in the H-1B program due to the fee.
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4. Getting the worm
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