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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Reddit was announced officially as the next addition to the S&P 500 , prompting a rally for the social media stock in early trading. Stock futures are little changed this morning. Wall Street is coming off a winning day. Here are five key things investors need to know to start the trading day:
1. The tech trade
Andrey Rudakov | Bloomberg | Getty Images
2. Houston, we have an event
U.S. Secretary of Commerce Howard Lutnick cuts the ribbon alongside Apple's CEO Tim Cook during the opening of Apple's new Advanced Manufacturing Center (AMC) in Houston, Texas, U.S., August 13, 2026. Georgina Mccartney | Reuters
Apple CEO Tim Cook opened a new manufacturing facility in Houston yesterday that will produce Mac Minis and offer free training and classes. Cook was joined by a cadre of government officials, most notably Secretary of Commerce Howard Lutnick. Cook said the iPhone maker had spent hundreds of millions of dollars on the space. Lutnick said that Apple could "lead the charge for advanced manufacturing coming to America." As CNBC's Kif Leswing and MacKenzie Sigalos note, the ribbon-cutting comes near the end of Cook's tenure as CEO. Yesterday's event could be a taste of what Cook's future might look like, as he's slated to continue corresponding with policymakers on behalf of the company.
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