This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Snap CEO Evan Spiegel with sit down with CNBC's Julia Boorstin at 2 p.m. ET today at the Augmented World Expo in California. Watch live on CNBC or CNBC+. Stock futures are near the flatline this morning. The market is coming off another winning day. Here are five key things investors need to know to start the trading day:
1. The real deal?
A television station broadcasts a news conference with US President Donald Trump on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Michael Nagle | Bloomberg | Getty Images
2. Bank trust
Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Roberto Schmidt | Getty Images
It's day one of the Federal Reserve's first policy meeting with Kevin Warsh as its chair. As CNBC's Matt Peterson reports, Trump will likely give Warsh more breathing room than he gave his predecessor, Jerome Powell. One person familiar with the matter said Trump's trust in Warsh will provide him with "some scope of action." That could help Warsh announce that the Fed is keeping interest rates steady tomorrow — which markets overwhelmingly expect — without it seeming like a betrayal of Trump's push for cuts. It could also give the Fed's new chair room to implement sweeping changes. Ahead of Wednesday's rate decision announcement, respondents to CNBC's Fed Survey see the Fed keeping rates unchanged through 2027, though most do think the Fed will remove the easing bias that has signaled its next move could be a cut.
3. To the moon
Silas Stein | Picture Alliance | Getty Images
Get Morning Squawk directly in your inbox CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning. Subscribe here to get access today.
4. Bonding opportunity
... continue reading