5 things to know before markets open on Monday

Happy Monday. One of last month’s biggest Academy Awards winners was probably kodakthe film was used in the filming of “One Battle After Another” and “Sinners.” Here’s how the self-proclaimed “turnaround specialist” turned his company around and brought it to the Oscars.

Stock futures are lower this morning after all three indexes posted their best weeks in months.

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

Oil prices have soared yesterday after President Donald Trump said the United States would close the Strait of Hormuz. The move comes after U.S. and Iranian officials failed to reach an agreement during peace talks in Pakistan over the weekend.

Here’s what you need to know:

Vice President J.D. Vance, who led the U.S. delegation to Islamabad, said Sunday that Iran’s refusal to stop pursuing nuclear weapons is a major sticking point. Following President Trump’s announcement, U.S. Central Command confirmed in a post on X that the military will “implement a blockade of all maritime traffic to and from Iranian ports” starting today at 10 a.m. ET. In comments to reporters yesterday, President Trump suggested that “other countries” would support the blockade. However, British Prime Minister Keir Starmer said this morning that his country would not support the initiative. Oil prices rose 7% this morning, topping $100 again, and stock futures fell as traders saw little sign of progress in ending the Iran war. Follow us here for live market updates.

goldman sachs A big week for bank earnings began this morning, with both top and bottom lines beating for the first quarter.

Record performance in equity trading and better-than-expected profits from the investment banking business drove the numbers. Still, Goldman Sachs’ stock price fell more than 2% following the announcement, as trading results from Goldman Sachs’ fixed income division were disappointing.

JP Morgan Chase, citygroup, wells fargo We are scheduled to release our quarterly report tomorrow morning. bank of america and morgan stanley before the bell on Wednesday.

Humans dominate the artificial intelligence industry. The new model also has some people worried.

Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with the CEOs of major U.S. banks to discuss the potential cyber risks posed by Mythos, after the AI ​​startup unveiled a new Mythos model focused on identifying cybersecurity flaws in software.

But as CNBC’s Samantha Subin reports, this wasn’t the first time members of the Trump administration have raised concerns with the private sector. Sources told CNBC that Bessent and Vance asked multiple technology CEOs, including Anthropic’s Dario Amodei, about the security of AI models before Mythos was released.

President Trump attacked Pope Leo

“I don’t want a pope who criticizes the president of the United States,” Trump said in the post, linking Leo’s accession to the throne last year to his own reelection to the White House.

The Pope responded to President Trump’s comments this morning, saying, “We will continue to speak out against war, seek to promote peace, and promote dialogue between states and multilateral relations in order to find just solutions to problems.”

Introducing Ineos. It’s an automotive startup aiming to revive the SUV market with what its knighted founder calls “the world’s best practical 4×4.”

Company executives exclusively told CNBC that the company will announce record orders for its flagship vehicle today in the first quarter.

“We’re running for success. We’re running for profitability,” Ineos CEO Lynne Calder said, adding that the company was aiming to break even this year. This is an unprecedented feat for a start-up automobile company.

Ineos is particularly focused on the U.S. market, with the goal of increasing sales by about 30-35% annually. Calder said the company could also add a factory in the United States, which would allow Ineos to avoid tariffs.

Earnings season is back in full swing. Here are the key reports to watch this week:

— CNBC’s Raya Neelakandan, Sarah Ming, Sean Conlon, Lisa Han, Garrett Downs, Holly Eliyat, Terry Cullen, Azhar Shukri, Kevin Brueninger, Hew Song, Samantha Subin, Ashley Caputo, Soda Baimiya and Michael Weiland contributed to this report. Terry Cullen edited this version.