GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Follow along with CNBC's reporters throughout the day as we cover SpaceX's record-setting IPO, on air and online. Stock futures are higher this morning after the major averages rallied in Thursday's session. Here are five key things investors need to know to start the trading day:
1. Liftoff
SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California on October 10, 2019. Philip Pacheco | Afp | Getty Images
2. Settling up
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 11, 2026. Daniel Heuer | Reuters
3. Expiration date
Jay Clayton, former chairman of the US Securities and Exchange Commission (SEC), speaks during the Bloomberg Invest event in New York, US, on Thursday, June 8, 2023. Jeenah Moon | Bloomberg | Getty Images
Trump announced yesterday that he would nominate Jay Clayton to be the permanent director of national intelligence. Clayton is currently the U.S. Attorney for the Southern District of New York and a former chairman of the Securities and Exchange Commission. Clayton is expected to take the baton from Bill Pulte, who last week was tapped by Trump to serve as acting director after Tulsi Gabbard resigned. Pulte's lack of experience in intelligence has drawn criticism from Democrats, along with some GOP lawmakers. Democrats have pledged to vote against any short-term extension of Section 702 of the Foreign Intelligence Surveillance Act — a major national security tool — following Pulte's appointment. The program is set to expire today after the House rejected a proposal to extend it yesterday.
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4. Bezos on AI
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