Stocks close out Q2, Nike earnings, egg prices and more in Morning Squawk

2026-07-01 | original

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Why This Matters

This article highlights key developments impacting the tech and retail sectors, including Nike's mixed earnings amid global market challenges and the growing demand for AI infrastructure that could influence inflation and monetary policy. These insights are crucial for investors and consumers to understand the evolving economic landscape and its implications for technology and retail industries.

Key Takeaways

Nike's revenue declined in China but saw gross margin growth, reflecting global market pressures.
Demand for AI infrastructure is soaring, potentially impacting inflation and interest rate policies.
Stock futures are mixed, indicating ongoing market uncertainty amid economic and geopolitical factors.

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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. While consumer sentiment is near record lows, at least one group appears to be feeling better about their jobs: shift workers. Stock futures are mixed this morning after a winning day on Wall Street. Here are five key things investors need to know to start the trading day:

1. Heat wave

Traders work at the New York Stock Exchange on June 29, 2026. NYSE

2. Red cliff

The iconic Nike swoosh design is displayed in a window of the athletic company's new store on Broadway in Manhattan on April 24, 2026 in New York City. Spencer Platt | Getty Images

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