GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. Don't miss an exclusive interview with Prometheus Co-Founders & Co-CEOs Jeff Bezos and Vik Bajaj at 10 a.m. ET. Watch the interview live from the startup's San Francisco headquarters on CNBC or CNBC+. Stock futures are rising this morning after all three major indexes dropped more than 1% yesterday. Here are five key things investors need to know to start the trading day:
1. On attack
US President Donald Trump speaks during a signing ceremony for the "Secure America Act" in the Oval Office of the White House in Washington, DC, US, on Wednesday, June 10, 2026. Aaron Schwartz | Bloomberg | Getty Images
2. A love-hate relationship
A customer shops at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images
Consumer prices rose at their highest annual rate in three years last month, according to a government index released yesterday. Energy and airfare were among the areas that saw the biggest jumps on the year. But Trump brushed off the data, saying "I love the inflation" and that it would "come down like a rock" after the Iran war ends. As CNBC's Matt Peterson writes, Trump's surprising comments may be good news for newly minted Federal Reserve Chair Kevin Warsh. Market watchers will get more inflation data at 8:30 a.m. ET with the release of May's producer price index, which tracks wholesaler inflation. Economists polled by Dow Jones expect the headline number to rise 0.7% on the month.
3. Money is everything
A trader works as a screen shows the logo and trading information for Oracle on the floor at the New York Stock Exchange, March 9, 2026. Brendan McDermid | Reuters
Oracle exceeded Wall Street's expectations on both lines for the fourth fiscal quarter and upped its profit outlook yesterday. But the stock tumbled 8% in extended trading after the software company said it needs to raise money for its artificial intelligence buildout. Oracle said it plans to bring in an additional $20 billion of equity and debt, on top of the tens of billions of dollars it has already raised in the 2026 fiscal year. As CNBC's Jordan Novet notes, the fundraising plans heightened investor concern over whether there's enough AI demand to justify that much new capital. With its move overnight, Oracle's stock is at risk of falling into the red for the year. Shares were up about 3% in 2026 as of Wednesday's close, trailing the S&P 500's roughly 6% gain in the same period.
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