5 things to know before the stock market opens on Monday

President Donald Trump told Iran and Israel to “immediately cease ‘shooting'” in a post on Truth Social this morning after the two countries carried out their first attack since the start of a fragile cease-fire in April.

Here’s what you need to know:

Following Iran’s attack on Israel on Sunday, the Israel Defense Forces said it had carried out a “major attack on strategic defense systems” in Iran, a flare-up of tensions that could put the ceasefire in jeopardy. In a post on X, the speaker of Iran’s parliament wrote that the US’ “maritime blockade and violation of the agreement on Lebanon” constituted a violation of the cease-fire agreement. In another Truth social post this morning, President Trump wrote that Israel and Iran are “aiming for an immediate ceasefire! Final ‘peace’ negotiations are underway, but ignorance and stupidity can get in the way.” Iran’s Foreign Ministry told CNBC this morning. It called off attacks against Israel but warned that fighting would resume if Israel continued its operations in Lebanon. Sunday marked the 100th day since the conflict began in February. Let’s take a look at how the war affected the world market.

delta‘s new president has his sights set on the Pacific. Peter Carter, who was promoted in March, told CNBC that Delta is up for the challenge. United’s He called it “a pretty audacious goal” to demonstrate leadership in trans-Pacific flights and ultimately become the world’s leading airline.

Delta Air Lines posted $2.79 billion in Pacific Rim net income last year, lower than United Airlines’ roughly $6.89 billion in the same period. As CNBC’s Leslie Josephs points out, transpacific flights tend to be some of the most profitable in the industry, and both airlines are adding new routes.

Italian coffee giant Lavazza is launching espresso tablets in the United States. This tab, known as Tablì, is made from compressed ground coffee and can only be used with Lavazza Tablì coffee machines.

As CNBC’s Amelia Lucas points out, Lavazza’s entry into the U.S. market could pose a threat. Keurig Dr Pepperis a leader in single-serve coffee. Lavazza said sales in North America increased nearly 27% last year, but it still has a long way to go to catch up with Keurig.

Lavazza CEO Antonio Baravalle told CNBC that the company wants sustainability to remain a priority for many coffee drinkers. Its tabli is made without any coatings, binders or gelatin.

The low-budget horror film “Backroom” directed by a YouTube creator has become a huge hit. Hollywood is now thinking about how to replicate that success.

The film became the highest-grossing domestic film in history for an A24 film, and it did so without taking advantage of the industry’s current filmmaking strategy, which focuses on sequels and intellectual property.

Still, “Backrooms” producer Peter Chernin told CNBC that studios shouldn’t compete for contracts with YouTube creators. “It’s no different than making a sequel. You’re jumping on an existing trend,” he said.

Here’s what we’re monitoring this week:

Monday: Apple’s Worldwide Developer Conference Wednesday: oracle Income (after the bell). Consumer Price Index Thursday readings for May: adobe Income (after the bell). May Producer Price Index Measurement Friday: June Consumer Sentiment Measurement

—CNBC’s Garrett Downs, Lim Hui Jie, Joseph Wilkins, Chloe Taylor, Tanaya Machel, Justina Lee, Sean Conlon, Fred Imbert, Jeff Cox, Leslie Josephs, Amelia Lucas, Julia Boorstin and Stephen Desornières contributed to this report.

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

Correction: Peter Carter is the president of Delta Airlines. A previous version of this newsletter incorrectly listed his role.