GoKawiil1. Hindsight 2020
The crude oil tanker Anwaar Trablus unloads U.S. crude oil at Pachi Port near Athens, Greece, on June 28, 2026. Nicolas Koutsokostas | Nurphoto | Getty Images
2. Banking on it
Dado Ruvic | Reuters
Wall Street's biggest banks kicked off earnings season with blowout results this morning, reporting better-than-expected revenue from equities trading and significant jumps in investment banking fees. Catch up on all five earnings reports here. JPMorgan Chase CEO Jamie Dimon said every one of the bank's major businesses posted record revenue in the quarter, while Bank of America CEO Brian Moynihan called the period one of his bank's "strongest quarters to date." Hear more from Moynihan when he joins CNBC's "Squawk on the Street" at 10 a.m. this morning, followed by Goldman Sachs CEO David Solomon at 12 p.m. ET.
3. Running up that hill
Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 17, 2026. Al Drago | Bloomberg | Getty Images
Earnings aren't the only thing traders have their eyes on this morning. The Bureau of Labor Statistics will release the consumer price index for June at 8:30 a.m. ET, which economists expect will show a 0.2% decrease for the month. That would bring its 12-month rate to 3.8%, a 0.4 percentage point drop from May. Federal Reserve Chairman Kevin Warsh will also begin two days of hearings on Capitol Hill today. The newly minted Fed chief will face the House finance committee at 10 a.m. this morning before heading to the Senate baking committee tomorrow. As CNBC's Jeff Cox notes, it will be Warsh's first such hearings since taking the Fed's helm in May.
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4. Playback troubles
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