GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Keep an eye out for the latest consumer inflation data dropping at 8:30 a.m. ET. If Wall Street's consensus forecast comes true, it would mark the first time annual price growth registers above 4% since 2023. Stock futures are lower this morning following a mixed day on Wall Street. Here are five key things investors need to know to start the trading day:
1. 'Pay the price'
A pro-government supporter waves a giant Iranian national flag during a nightly rally in northern Tehran, Iran, on June 8, 2026. Morteza Nikoubazl | Nurphoto | Getty Images
Stock futures are falling before the bell after President Donald Trump said in a Truth Social post this morning that Iran "will have to pay the price" after taking "too long to negotiate a deal." His comments come after the U.S. launched what it called "self-defense strikes" on Iran yesterday. Here's what to know: Trump on Tuesday accused Tehran of shooting down a helicopter over the Strait of Hormuz, saying that the U.S. must "respond to this attack."
Iran has not directly claimed responsibility for downing the helicopter but reportedly vowed to retaliate for the U.S. strikes. It targeted several Gulf countries with attacks early Wednesday.
Oil prices jumped after Trump's latest post, which diverged from other recent comments from the president that indicated the conflict could be near its end.
Crude prices tumbled yesterday after U.S. Energy Secretary Chris Wright said ship traffic through the Strait of Hormuz is rising "very meaningfully."
Futures tied to the Dow Jones Industrial Average Follow live market updates here.
2. Risky business
Donald Trump Jr. and Eric Trump gesture outside the Nasdaq building after ringing the opening bell to celebrate the closing of ALT5’s $1.5 billion offering and adoption of its $WLFI Treasury Strategy at the Nasdaq Market, in New York City, U.S., August 13, 2025. Eduardo Munoz | Reuters
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