5 things to know before the market opens on Tuesday

Happy Tuesday. It turns out that South Korean boy band BTS’ comeback this weekend actually has market implications.

After ending yesterday’s session higher, stock futures were little changed this morning.

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

President Donald Trump said yesterday that the United States and Iran had “productive” talks and that the two countries were hoping for a “deal.” The president’s comments sparked optimism on Wall Street that the war that has roiled markets may be nearing an end.

Here’s what you need to know:

Since the start of the Iran war, the crude oil market has remained unstable. chevron CEO Mike Wirth said yesterday that there could be further upward pressure on prices.

Speaking at S&P Global’s CERAWeek conference in Houston, Wirth said he didn’t think supply disruptions from the Strait of Hormuz closure were fully priced in, saying markets were trading on “poor information” and “perceptions” and noting that physical supplies of crude oil were lower than futures contracts suggested.

Meanwhile, at CERAWeek, Energy Secretary Chris Wright told CNBC that the White House is aiming to bring more diesel to the market to combat rising fuel prices. Secretary of the Interior Doug Burgum also said that Asian countries now want to increase the United States’ energy intake.

gap and google We are forming a team. CNBC’s Gabriel Fontrouge reported this morning that the retailer will soon offer checkout within Google’s Gemini artificial intelligence platform.

With this partnership, Gap becomes the first fashion company to work directly with Google on agent commerce. Shoppers who choose to purchase items through Gemini will pay through Google Pay, while Gap will oversee shipping and other logistics.

The announcement comes as AI products move shoppers away from traditional search functions and cause retailers to rethink their marketing strategies. “It’s no longer just a keyword search. It’s a conversation and it needs to be relevant,” Gap’s head of technology Sven Gargets told CNBC.

The Senate voted 54-45 last night to confirm Sen. Markwayne Mullin as the next Secretary of the Department of Homeland Security. The Oklahoma Republican will replace Kristi Noem, who was fired by President Trump earlier this month.

Marin, a former mixed martial arts fighter and rancher who has supported President Trump’s immigration policies, is taking the reins at a difficult time. DHS is currently closed because Democrats have refused funding, citing concerns about immigration enforcement. The backlash against DHS reached a fever pitch after federal immigration agents killed two Americans in Minneapolis earlier this year.

Clear your space and play pickleball. Padel is gaining attention and funding.

Propadel League has raised $15 million in a Series A funding round, the league announced this morning. As CNBC’s Brandon Gomez and Jessica Golden reported, the harvest highlights growing investor interest in another racquet-based sport as padel expands its footprint in the United States. Last year, the league raised $10 million in seed funding.

Padel, which combines tennis and squash, is expected to quickly gain popularity in the United States. The United States Padel Association predicts that by 2030 there will be 20,000 courts in the country, up from just a few hundred today.

Chicago Fed President Austan Goolsby told CNBC’s “Squawk Box” yesterday that the United States is facing a “difficult but intense moment” due to the war between the United States and Iran.

— CNBC’s Sam Meredith, Sean Conlon, Lisa Kai-Lai Han, Anique Bao, Fred Imbert, Yun Li, Spencer Kimball, Gabriel Fonrouge, Justin Papp, Brandon Gomez, Jessica Golden and Jeff Cox contributed to this report. Josephine Rozzelle edited this version.