GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. If you're feeling inflation's pinch, you're not alone: Manufacturing sector managers are comparing current pricing volatility to the Covid pandemic era. Stock futures are rising this morning as investors look to build on Monday's gains. Here are five key things investors need to know to start the trading day:
1. Power source
CFOTO | Future Publishing | Getty Images
2. New cook in the kitchen
The logo of the fast food restaurant McDonald's is displayed outside a branch of the restaurant, on June 13, 2025 in Gloucester, England. Anna Barclay | Getty Images
Shares of McDonald's are higher before the bell after the fast-food giant reported mixed results for the second quarter, beating analysts' earnings estimates but missing on revenue. The company said its U.S. same-store sales rose just 0.8% in the period, as higher average checks were offset by declining traffic. McDonald's this morning named 26-year company veteran Skye Anderson president of its U.S. business as it looks to accelerate domestic growth. "While our playbook is working around the world, we see an opportunity to raise the bar in the U.S. and accelerate performance in our largest market," CEO Chris Kempczinski said in a statement.
3. Open arms?
Clément Delangue, co-founder and chief executive officer of Hugging Face Inc., during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, May 9, 2024. David Paul Morris | Bloomberg | Getty Images
Representatives for artificial intelligence companies will meet with the Trump administration today about a new framework for reviewing cybersecurity capabilities of advanced models. A White House official confirmed the meeting to CNBC. The gathering comes two weeks after OpenAI disclosed that its agents hacked Hugging Face's systems, raising concern about the cyber threats AI models could pose. Speaking to CNBC yesterday, Hugging Face CEO Clément Delangue also warned that China is leading the U.S. in the AI race. Chinese tools, he said, could be as good as those of U.S.-based frontier labs as soon as the end of this year.
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