5 things to know before the stock market opens on Wednesday

of S&P500 The stock closed at an all-time high for six days in a row, and yesterday closed above 7,600 for the first time in history. of Dow Jones Industrial Average He also recorded his best result ever, becoming the first player of the year to win on five consecutive days.

The main movements are:

In an interview on the New York Post’s “Pod Force One” podcast published this morning, President Donald Trump said that Iran “already agreed” not to have nuclear weapons, but that “we can change our minds.” The president also said it was “unlikely” that the U.S. blockade of Iranian ports would continue by Labor Day.

His comments came after Iranian media reported that the country’s negotiators stopped exchanging messages with their US counterparts several days ago. But President Trump and Secretary of State Marco Rubio said Tuesday that’s not the case. The president called the reports “fake news” and said “the dialogue between us is ongoing,” but Rubio said at a Congressional hearing that “we are currently in discussions.”

Don’t miss CNBC’s Sarah Eisen’s exclusive interview with Israeli Prime Minister Benjamin Netanyahu at 10 a.m. ET. Watch live on CNBC or CNBC+.

President Trump announced yesterday that Federal Housing Finance Agency Director Bill Pruitt will replace Tulsi Gabbard as Acting Director of National Intelligence.

Mr. Pruitt has no apparent experience in the intelligence field, but will oversee the CIA and the National Security Agency. At least one member of the Democratic Party and President Trump’s party denounced the decision to select someone who some see as Trump’s attack dog. As FHFA director, Mr. Pruitt has brought mortgage-related crimes charges against several of Mr. Trump’s political opponents.

As CNBC’s Garrett Downs points out, in his new role, Pruitt will have access to some of the country’s most closely guarded secrets. Analysts are concerned that Mr. Prut could politicize the office and disrupt the country’s intelligence-gathering efforts.

Macy’s Shares rose nearly 3% before the bell after the company announced first-quarter comparable sales were the highest in four years. Chief Executive Officer Tony Spring told CNBC that Macy’s raised its full-year forecast after sales and profit margins exceeded expectations.

As CNBC’s Gabriel Fontrouge reports, the results are a positive sign for the department store’s turnaround efforts, which include closing lagging stores and doubling the ones that remained open.

Beauty retailers, on the other hand, Ulta Both divisions exceeded expectations in the first quarter and raised their full-year profit forecasts. The stock rose as much as 7% in extended trading before recouping that gain. The company said its strongest category is fragrance, which currently accounts for 12% of its total revenue.

President Trump yesterday signed an executive order requiring artificial intelligence companies to give the federal government access to their models before they are fully released and allow the government to evaluate the performance of their models before making them available to the public.

As CNBC’s Ashley Caputo reports, President Trump signed the executive order in private for more than a week after postponing a public ceremony over concerns about the order. The order requires voluntary participation from AI developers and comes as AI companies race to deploy new models and, in some cases, enter the public market.

In other areas of AI, Anthropic said it will expand access to its Mythos models to 150 partners in more than 15 countries. New partners must meet security requirements before being approved to use the model.

—CNBC’s Sean Conlon, Lisa Han, Soda Bymiya, Tanaya Machel, Chloe Taylor, Luke Fountain, Kevin Bruninger, Garrett Downs, Raya Neelakandan, Ashley Caputo, Samantha Subin and Hugh Song contributed to this report.

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