5 things to know before the stock market opens on Wednesday

space x The stock rose 3% yesterday, ending a seven-day losing streak. Tuesday’s rally for Elon Musk’s rocket company came after it released its first earnings report on Aug. 4 and said it was preparing for the expiration of a major stock lockup period.

Here’s what you need to know:

SpaceX investors will be able to sell at least 20% of their locked-up shares on August 6, two business days after the company’s first earnings report. Short seller bets on SpaceX now account for nearly a third of the company’s publicly traded shares, and SpaceX stock has fallen more than 23% from its opening closing price. of S&P500 CNBC’s Hew Song reported yesterday: goldman sachs has created a platform for wealthy clients and family offices looking to invest in companies like SpaceX before they go public. Announced after the bell today: All eyes are on teslaMr. Musk’s other public companies, and alphabet.

brent crude oil futures This morning, prices topped $95 per barrel following the 11th consecutive night of U.S. attacks on Iran. International benchmark prices and U.S. crude oil prices were both up nearly 4% in early trading.

Secretary of State Marco Rubio told reporters in the Philippines today that the United States “hopes to reach a diplomatic solution” with Iran, but added that Iran does not appear to be “serious” about a deal with the United States.

Rising oil prices have weighed on stock prices even before the bell. All three major averages are lower in pre-market trading. Follow live market updates here.

Canada may not be the only country about to face new U.S. tariffs. U.S. Trade Representative Jamison Greer hinted yesterday that President Donald Trump could impose new tariffs soon, telling CNBC that he “hopes to see some action soon.”

Greer said he would need to explain the matter to Congress and other parties, but could not give a specific date. His comments followed reports that the White House could announce new taxes as soon as this week.

As CNBC’s Kevin Breuninger and Megan Casella point out, the White House is seeking to keep President Trump’s tariffs in place through other measures after the Supreme Court struck down many of them. Temporary tariffs imposed by President Trump after the court ruling expire Friday.

In April, the Federal Reserve held a special meeting to warn banks about cybersecurity risks associated with Anthropic’s Mythos Preview artificial intelligence model. The central bank was then inaccessible for months.

As CNBC’s Matt Peterson and Ashley Caputo write, the Fed’s lack of access to this model, which Anthropik said is adept at identifying software weaknesses and security vulnerabilities, left the central bank vulnerable. The Fed had not yet received access to the advanced model as of July 15.

Meanwhile, Anthropic and its rival OpenAI are increasing their lobbying spending. The two AI companies spent a combined more than $3 million on federal lobbying efforts in the second quarter. This is a 23% increase from the first three months of this year.

Several well-known companies are collaborating on a skilled tradesman workforce initiative in hopes of addressing the shortage of tradespeople such as engineers and builders.

As CNBC’s Jessica Dickler reports, google, black rockcarhartt, ford All are members of the American Skilled Trades Alliance. The initiative, announced yesterday, will also work with trade unions and industry groups and invest in apprenticeships, according to a press release.

In other career news, new research has found more than 70% of health students use betting and prediction markets at least twice a week. About two-thirds of these students said they believed the platform would help them finance their education, but fewer than half reported seeing positive benefits.

Property taxes are a major issue in the midterm elections. The effective rate stack-up is as follows:

—CNBC’s Lora Kolodny, Samantha Subin, Yun Li, Hugh Son, Kevin Breuninger, Chloe Taylor, Spencer Kimball, Megan Cassella, Jessica Dickler, Ananya Chetia, Gabriel Cortes and Paxton Honerkamp contributed to this report.

Luke Fountain helped produce this newsletter. Josephine Rozzelle edited this version.