5 things to know before the stock market opens on Tuesday

Happy Tuesday. snap CEO Evan Spiegel spoke with CNBC’s Julia Boorstin at the Augmented World Expo in California today at 2pm ET. Watch live on CNBC or CNBC+.

Stock futures were almost flat this morning. The market is about to have another winning day.

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

Investors cheered yesterday on the news that the US and Iran had signed a memorandum of understanding, sending all three major stock averages up sharply. But some on Wall Street are raising concerns about when or if the conflict will actually end.

Here’s what you need to know:

It’s the first day of the Federal Reserve’s first policy meeting, chaired by Kevin Warsh. As CNBC’s Matt Peterson reports, President Trump will give Warsh more leeway than he gave his predecessor, Jerome Powell.

One person said Trump’s confidence in Warsh would give him “some latitude.” That could help Mr. Warsh announce that the Fed will keep interest rates on hold tomorrow, which is the market’s overwhelming expectation, without seeming like a betrayal of President Trump’s push to cut rates. It also could give the Fed’s new chair more leeway to make sweeping changes.

Ahead of Wednesday’s rate decision announcement, respondents to CNBC’s Fed Survey believe the Fed will keep interest rates on hold until 2027, but most believe the Fed’s next actions will eliminate its easing bias, which suggests a potential rate cut.

space x‘s rally continued yesterday, with the stock up nearly 20% in its first full trading day. SpaceX announced that its initial public offering raised $85.7 billion after its underwriters exercised a “greenshoe” over-allotment of shares.

Ron Baron told CNBC yesterday that Baron Capital bought $1 billion worth of SpaceX during Friday’s IPO, bringing his total stake to about $25 billion. Meanwhile, some retail investors said they did not get as many shares as they had hoped.

Shares continued to rise before the bell this morning after SpaceX announced its $60 billion acquisition of Anysphere, which runs the artificial intelligence coding agency Cursor, but the stock pared its gains.

AI darling Nvidia said in a regulatory filing yesterday that it is issuing investment-grade corporate bonds for the first time since 2021. The company aims to raise at least $20 billion in debt, sources told CNBC.

Nvidia currently has approximately $7.5 billion in long-term debt and $1 billion in short-term debt. The last time it borrowed five years ago, when the company was much smaller, Nvidia raised $5 billion.

The decision makes Nvidia the latest technology company to turn to the capital markets. alphabet They announced a pay increase plan earlier this month, but super micro Last week, we shared our equity-related fundraising goals.

Fox Co., Ltd. announced on Monday that it had entered into an acquisition agreement. Roku For about $22 billion. The cash and stock transaction is expected to close in the first half of next year. Fox’s stock ended yesterday’s trading down 15% following the announcement of the deal, while Roku’s stock fell nearly 2%.

In other acquisition news, sales force announced yesterday that it is acquiring Fin, an AI customer service provider formerly known as Intercom. The company said the acquisition is expected to close in the fourth quarter of fiscal 2027 and will strengthen its agent-based AI platform.

According to the Department of Energy, the U.S. Strategic Petroleum Reserve was approximately 340 million barrels as of June 12. This is the lowest level since 1983.

— CNBC’s Kevin Breuninger, Spencer Kimball, Chloe Taylor, Sean Conlon, Matt Peterson, Steve Reisman, Arjun Karpal, Kai Nicole-Schwartz, Yun Li, Kif Leswing, Seema Moody, Samantha Subin, Lillian Rizzo, Deena Zaidi and Reuter contributed to this report.

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