5 things to know before the market opens on Tuesday

Happy Tuesday. If Shakespeare were alive today and reading about all these IPOs, he might have written instead, “To buy or not to buy, that’s the question.”

Stock futures are up after mixed trading this morning. of S&P500 It rose modestly yesterday.

Here are five important things investors need to know to start their trading day.

apple made a number of announcements yesterday at its annual Worldwide Developers Conference, revealing updates to Siri, its liquid glass interface design, and more.

Here’s what you need to know:

Apple plans to launch new voices, certain apps, and two-way conversation features as part of its long-awaited overhaul of Siri, which will be renamed Siri AI. The iPhone maker said it is improving the design language it introduced last year called Liquid Glass, including giving users the ability to adjust the transparency of the design. Apple is partnering Nvidia and google This was the last developer conference Apple held with Tim Cook as CEO. Mr. Cook, who plans to step down in September, concluded his keynote address with a brief personal farewell. Apple stock ended Monday’s trading down nearly 2%, bucking the broader market’s upward trend. Follow us here for live market updates.

OpenAI is riding the IPO boom. The company announced yesterday that it had secretly filed with the Securities and Exchange Commission, becoming the latest tech company to take steps to go public.

As CNBC’s Ashley Caputo and Kate Rooney point out, the filing would allow ChatGPT makers to submit financial information to regulators before releasing it to the public and potential investors. The company is preparing to go public as early as the fourth quarter, but said it has not decided on a specific date yet.

OpenAI rival Anthropic secretly filed its IPO prospectus last week. Meanwhile, investors are gearing up for SpaceX’s IPO scheduled for Friday.

A federal judge on Monday reversed President Donald Trump’s controversial $100,000 fee on an employer’s H-1B visa application.

Judge Leo Sorokin said the high fees violate the federal Administrative Procedure Act and the Constitution. Mr. Sorokin agreed with the plaintiffs’ argument that the fee is a tax and that Congress has not delegated that authority to the executive branch. The Trump administration said it would appeal the ruling.

Last year, President Trump’s fees on H-1B visas, which allow U.S. employers to temporarily hire skilled workers from abroad, threw U.S. businesses into turmoil. companies such as walmart previously announced it would suspend participation in the H-1B program due to fees.

The Department of Agriculture confirmed two more cases of screwworm infections in Texas yesterday, bringing the total to four. But Agriculture Secretary Brooke Rollins told CNBC in comments shortly before the additional cases were announced that the U.S. food supply is “not at risk.”

As CNBC’s Annika Kim Constantino points out, the pest’s resurgence is reigniting a threat the country has spent decades focused on eliminating. Rollins said he will look at strategies the United States used in the 1950s to combat parasites, which included releasing sterile insects to reduce pest populations.

The outbreak has caused a rift between Texas agricultural leaders Rollins and Texas Agriculture Commissioner Sid Miller. Miller, who lost the Republican primary in March despite President Trump’s support, has criticized the USDA for being too slow to respond to the screwworm problem. Rollins criticized Miller on Monday, calling him “dishonest.”

Aircraft engine manufacturers have surprised airlines with more fuel-efficient options. But as CNBC’s Leslie Josephs reports, these engines have become more of a money-sucking problem.

Airline executives say they are being forced to send these new engines in for maintenance sooner than expected, increasing costs and chipping away at the fuel savings they had hoped for.

That’s not the only problem facing the sector. The International Air Transport Association has warned that global airline revenues could be halved this year as fuel costs increase by a total of $100 billion.

Venture capital firms are looking to cash in on the AI ​​boom. They are buying traditional companies and pivoting around AI, leaving private equity firms at a disadvantage.

— CNBC’s Kiff Lethwing, Mackenzie Cigalos, Zeb Fima, Sean Conlon, Ashley Caputo, Soda Bymiya, Leslie Josephs, Annika Kim Constantino, Garrett Downs, Deirdre Botha and Jasmine Wu contributed to this report.

CJ Haddad helped produce this newsletter. Josephine Rozzelle edited this version.