GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. In the latest sign of the air travel industry's focus on premium offerings, so-called budget airline king Bill Franke told CNBC that even he's coming around to first-class seats. Stock futures are rising this morning. The three major averages are coming off a mixed week. Here are five key things investors need to know to start the trading day:
1. Flip of a switch
Gemini AI signage during the Google I/O Developers Conference in Mountain View, California, US, on Tuesday, May 19, 2026. David Paul Morris | Bloomberg | Getty Images
2. Summit prep
Scott Bessent, US treasury secretary, during a House Financial Services Committee hearing in Washington, DC, US, on Tuesday, Sept. 15, 2026. Graeme Sloan | Bloomberg | Getty Images
3. White House ban
US President Donald Trump speaks to journalists before boarding Marine One as he departs from the South Lawn of the White House in Washington, DC, on March 20, 2026 for his Mar-a-Lago residence, where he will spend the weekend. Brendan Smialowski | AFP | Getty Images
MS NOW, CNN and Politico will sue Trump after he banned the three outlets from the White House, saying in their lawsuit that the ban "could not be a more direct assault on the First Amendment nor a more blatant violation of our most fundamental constitutional principles." In a Truth Social post Friday, Trump said that he was banning MS NOW, CNN and Politico from the White House, citing their coverage of his administration. Journalists from the three media organizations were denied access to White House grounds over the weekend. Trump previously attempted to block The Associated Press journalists from the Oval Office and Air Force One over the outlet's refusal to follow Trump's renaming of the Gulf of Mexico to the Gulf of America. This morning's lawsuit is being filed in the same court where The AP's lawsuit is pending.
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4. Under pressure
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