This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. As Coca-Cola works to automate dirty soda and refreshers, CNBC's Amelia Lucas takes readers inside the secretive labs where the soda maker is planning its next wave of innovation. Stock futures are modestly lower this morning. The three major indexes are coming off a losing week. Here are five key things investors need to know to start the trading day:
1. Trading tariffs
US President Donald Trump speaks with Canada's Prime Minister Mark Carney during a work lunch as part of the G7 summit, in Evian, eastern France, on June 16, 2026. A G7 summit is set to take place June 15 to 17 in the French town of Evian-les-Bains near Switzerland and it will be attended by country leaders as well as the EU's foreign policy chief and ministers from Brazil, Canada, the United Arab Emirates and Turkey. (Photo by Evelyn Hockstein / POOL / AFP via Getty Images) Evelyn Hockstein | Afp | Getty Images
2. Buyback funding
US Secretary of Treasury Scott Bessent looks on during a Cabinet meeting at Camp David in Maryland, on July 31, 2026. Aaron Schwartz | AFP | Getty Images
Treasury yields are lower this morning after CNBC's Steve Liesman reported that the department could tap its roughly $950 billion General Account to help fund its purchases of government bonds. Senior Treasury officials did not say how much of the TGA could be used but made clear it is an option. Using the nearly $1 trillion fund could give more heft to the buyback operation Bessent unexpectedly expanded last week. Yields initially fell following his announcement but then rebounded, in part due to skepticism over how much firepower Bessent actually had.
3. Seatbelt signs
United Airlines CEO Scott Kirby speaks during a media event showcasing the airline's new premium "Elevated" aircraft interior at Los Angeles International Airport (LAX) in Los Angeles, California, on March 24, 2026. Patrick T. Fallon | AFP | Getty Images
Ten years in at United Airlines , CEO Scott Kirby has big plans for the second-most profitable U.S. carrier. One of those plans, Kirby told CNBC's Leslie Josephs in an exclusive interview, is expanding United's presence at New York's John F. Kennedy International Airport. He also said he still isn't interested in buying a smaller carrier such as JetBlue , after his proposed mergers with Delta and American were both turned down. But Kirby's next decision is about Boeing 737 Max 10 planes: After years of delays, the airline now has to figure out what to do with all the lie-flat seats it ordered.
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