GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. The New York Knicks became NBA champions for the first time in more than half a century this weekend. Meanwhile, another Manhattan sports franchise — my recreational soccer team — learned we didn't make the playoffs. Stock futures are rising this morning after a winning week for all three major averages. Here are five key things investors need to know to start the trading day:
1. Is it Friday yet?
Rarrarorro | Istock | Getty Images
President Donald Trump announced last night that the U.S. and Iran reached a deal to end the war and that the Strait of Hormuz would reopen on Friday. The text of the agreement — which Pakistan Prime Minister Shehbaz Sharif said would be signed on Friday in Switzerland — has not been released. Oil prices dipped below $80 for the first time since March on the news that the strait would reopen and the U.S. would lift its naval blockade of Iranian ports. Before the conflict started, roughly 20% of the world's oil supply passed through the crucial waterway. Stock futures also jumped higher, with futures tied to the Dow Jones Industrial Average up nearly 500 points before the bell. Follow live market updates here.
2. Into orbit
Billboards in Times Square celebrate the SpaceX IPO debut at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC
3. Good time, not long time
In this photo illustration, the Anthropic logo is seen on a smartphone with a Claude Mythos logo in the background. Sopa Images | Lightrocket | Getty Images
Anthropic said Friday that it disabled access to its recently released Fable 5 and Mythos 5 models. The artificial intelligence startup said it was complying with a government export control directive that cited "national security authorities." The company said the order, which it received Friday evening, instructed it to suspend access to the models "by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees." Anthropic said it disabled the models for all customers to ensure compliance. As CNBC's Ashley Capoot notes, Anthropic announced the models' release earlier in the week following concern over Mythos' advanced cybersecurity capabilities. The company had said it could release the powerful models to the public thanks to new safeguards that block responses in certain areas.
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