GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. If you're debating whether to stay invested in the stock market, Goldman Sachs' co-head of global banking and markets has some advice. Stock futures are little changed this morning after a muted day on Wall Street. Here are five key things investors need to know to start the trading day:
1. More than meets the eye
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Aug. 7, 2026. Jeenah Moon | Reuters
2. Chip values
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media following the company's "Japan AI Ecosystem" reception in Tokyo, Japan, on Thursday, July 16, 2026. Kiyoshi Ota | Bloomberg | Getty Images
Nvidia said Monday that it inked agreements with Wall Street's top asset managers in a push to turn its chips into assets. Speaking to CNBC after the announcement, Nvidia CEO Jensen Huang said the $500 billion financing deal marks "the first time that technology chips have become an investable asset class." The company signed memorandums of understanding with firms including Apollo Global Management , Blackstone and Goldman Sachs to create financing platforms for its customers. As CNBC's Kif Leswing writes, it could be a new frontier for the AI buildout, which has previously been backed by corporate balance sheets. Nvidia lost almost 3% in yesterday's session but is regaining ground before the bell, up around 1%.
3. Shrinking stockpile
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters
The U.S. Strategic Petroleum Reserve dropped below 300 million barrels last week to hit its lowest level since 1983, the Energy Department said Monday. As CNBC's Spencer Kimball writes, the slide has raised concerns that the U.S. government stockpile could be heading toward depletion. Meanwhile, the White House extended its wavier of the Jones Act for another 90 days — with some changes — as it aims to keep oil flowing amid the Iran war. The 1920 law, which President Donald Trump first waived in March, requires that U.S. vessels conduct the transport of goods between American ports. U.S. West Texas Intermediate futures climbed back above the $82 per barrel mark yesterday as a deal to reopen the Strait of Hormuz seemed further away than investors had thought.
4. Vaccine order
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