5 things to know before the stock market opens on Friday

Happy Friday. “Squawk on the Street” will air an interview with FCC Chairman Brendan Kerr at 11 a.m. ET as FCC Chairman Brendan Kerr’s investigation into ABC’s “The View” continues. Watch live on CNBC or CNBC+.

Stock futures are mixed this morning. of Nasdaq Composite and S&P500 Both are on track for a winning week.

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

Yesterday, Wall Street ended with the average value of all three major companies rising, with companies rallying across the board with support from semiconductor manufacturers. micron It rose 4.5% in Thursday trading to take the lead after announcing plans to invest billions more in its U.S. supply chain.

Here’s what else is happening in the tech industry.

korean chip manufacturer SK Hynix is expected to make its Nasdaq debut today after raising approximately $26.5 billion in oversubscription in the United States. The company is a leading manufacturer of computer memory used in products from tech giants such as: apple.Meta Muse Spark 1.1 debuted on Thursday. This includes OpenAI, Anthropic, google. Meta’s stock price closed up nearly 5%. Meanwhile, OpenAI CEO Sam Altman told CNBC that the company’s latest model is 54% more token efficient in agent coding. The AI ​​startup released its latest model suite on Thursday. Hours later, OpenAI’s head of product and business, Fiji Simo, announced he was stepping down from his role at the company, citing “severe worsening of a chronic disease.” Chip stocks are falling before the bell following Thursday’s rally in the chip industry. Follow live market updates here.

Introducing Fed Chairman Kevin Warsh’s new brain trust.

Warsh on Thursday announced the names of experts who will serve on five special committees tasked with investigating the central bank’s operations. Notable names include venture capitalist Marc Andreessen, Xbox CEO Asha Sharma, and former White House Council of Economic Advisers Chairman Greg Mankiw. walmart CEO Doug McMillon. As CNBC’s Matt Peterson writes, members of the AI-focused task force appear to share Warsh’s bullish stance on the new technology.

In other Fed-AI news, Anthropic has appointed former Fed Chairman Ben Bernanke to the long-term benefit trust, an independent body that advises the company and appoints board members. Anthropic said Bernanke will help understand “how AI is changing the economy.”

delta airlines This morning, major U.S. airlines kicked off their second-quarter earnings season with a strong start to their top and bottom lines and reaffirmed their earnings forecasts for this year.

Chief Executive Officer Ed Bastian told CNBC that airlines expect ticket fares and demand to remain strong and maintain pricing power as they pass on higher fuel costs to consumers. Bastian said Delta passed on about 60% of higher fuel costs to consumers this quarter, adding that number should approach 100% this quarter.

Oil prices fell on Thursday, but the Strait of Hormuz remains a pressure point.

Tanker traffic through the strait has slowed sharply, Kupler said, after Iran’s attacks on commercial ships prompted new attacks from the United States. Kupler said 13 tankers passed through the strait on Wednesday. Last week, an average of 33 ships passed through major sea lanes a day.

According to Windward data, just five commercial ships crossed the Strait between Wednesday night and Thursday, but no outgoing tankers crossed the Strait during this period.

Speaking of airlines, Palm Beach International Airport officially became President Donald J. Trump International Airport yesterday.

The South Florida airport’s code is scheduled to change from PBI to DJT on August 18th. The name change, brought about by legislation signed by Florida Governor Ron DeSantis earlier this year, is expected to cost about $5.5 million, according to the airport.

The airport is frequently used by the president and his family when traveling to the nearby Mar-a-Lago club. President Trump’s son Eric Trump said a private jet owned by the Trump Organization known as “Trump Force One” was the first plane to land at the airport under its new name.

Here are some articles I recommend making time for this weekend.

—CNBC’s Sean Conlon, Lee Ying-Shan, Sarah Ming, Joseph Wilkins, Justina Lee, Tanaya Machel, CJ Haddad, Kif Leswing, Katie Tarasoff, Jonathan Bunyan, Ashley Caputo, Jeff Cox, Matt Peterson, Leslie Josephs, Spencer Kimball and Michelle Luhn contributed to this report.

Josephine Rozzelle edited this version.