GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Tune in to "Squawk on the Street" at 11 a.m. ET for an interview with FCC Chairman Brendan Carr as his agency's investigation of ABC's "The View" continues. Watch live on CNBC or CNBC+. Stock futures are mixed this morning. The Nasdaq Composite and S&P 500 are both on track for a winning week. Here are five key things investors need to know to start the trading day:
1. Chips do the heavy lifting
Alexsl | Istock Unreleased | Getty Images
2. Outside help
US Federal Reserve Chair Kevin Warsh speaks during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC. Chen Mengtong | China News Service | Getty Images
Meet Federal Reserve Chairman Kevin Warsh's new brain trust. Warsh on Thursday released the names of the experts who will serve on five task forces charged with examining the central bank's operations. Some notable names include venture capitalist Marc Andreessen, Xbox CEO Asha Sharma, former White House Council of Economic Advisers Chairman Greg Mankiw and former Walmart CEO Doug McMillon. As CNBC's Matt Peterson writes, the members of the AI-focused task force appear to share Warsh's bullish stance on the new technology. In other Fed-AI news, Anthropic has appointed former Fed Chair Ben Bernanke to its Long-Term Benefit Trust, the independent body that advises the company and appoints its board members. Anthropic said Bernanke will help it understand "how AI is changing the economy."
3. Delta's travel checkup
Boarding1now | Istock Editorial | Getty Images
Delta Air Lines kicked off major U.S. airlines' second-quarter earnings season with a beat on the top and bottom lines this morning, reaffirming its earnings forecast for the year. CEO Ed Bastian told CNBC that the carrier expects to hold on to its pricing power as it passes higher fuel costs onto consumers, predicting ticket fares and demand will stay strong. Delta passed about 60% of its higher fuel bill onto its consumers this quarter, Bastian said, adding that the number should approach 100% in the current period.
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