GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Whether you're spending the weekend seeing "The Odyssey" or playing video games, we have the latest news to know on either pastime. Stock futures are higher this morning. The three major indexes pulled back sharply yesterday. Here are five key things investors need to know to start the trading day:
1. T-oil and trouble
Traders work on the floor of the New York Stock Exchange during morning trading on July 08, 2026 in New York City. Michael M. Santiago | Getty Images
2. Another round
US President Donald Trump speaks at Wheeler High School, in Marietta, Georgia, on July 22, 2026. Saul Loeb | AFP | Getty Images
The White House announced fresh tariffs between 10% and 12.5% on dozens over countries yesterday, citing alleged forced-labor violations. The Office of the U.S. Trade Representative said the duties, which kicked in overnight, apply to 60 trade partners and account for more than 99% of all American trade. As CNBC's Kevin Breuninger and Ashlee Trujillo report, the new tariffs act as replacement for the temporary 10% levies Trump imposed after the Supreme Court struck down most of his "liberation day" tariffs in February. Australia, Brazil, Chile and New Zealand all rejected the Trump administration's justification for the new tariffs, while Canada voiced more measured concern. Despite the objections, no major trading partner has announced retaliation as most signal they will keep negotiating with Washington.
3. Rapid intel
Intel headquarters is seen on July 23, 2026 in Santa Clara, California. Heather Diehl | Getty Images
Shares of Intel are 3% higher this morning after the company beat top- and bottom-line expectations for the second quarter. Thanks to the artificial intelligence boom, Intel also saw its fastest quarterly revenue growth rate in nearly 15 years. CEO Lip-Bu Tan said in a statement that the company is seeing "unprecedented demand" in the compute business. As CNBC's Kif Leswing notes, Intel doubled Wall Street's expectations for earnings per share in its latest quarter. Oracle 's stock is also higher before the bell after the software company struck a 10-year deal with the Pentagon worth up to $7 billion.
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.
... continue reading