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This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.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.1. Chips do the heavy lifting.Alexul | Istock Unreleased | Getty ImagesYesterday, Wall Street ended with the average value of…

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The Indian Army’s BrahMos missile system participates in a rehearsal ahead of the 2025 Republic Day Parade at Kartaviya Pass in New Delhi, India, on January 20, 2025.Raj K. Raj | Hindustan Times | Getty ImagesIndia is set to supply Indonesia with BrahMos and Astra missiles, the country’s third deal in the Indo-Pacific region, underscoring New Delhi’s rise as a defense supplier in the region amid growing concerns about China’s assertiveness.The BrahMos supersonic cruise missile with anti-ship capabilities is attracting strong interest from buyers in the Indo-Pacific region as countries with limited naval forces need to protect disputed areas in…

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AI

Fiji Simo, OpenAI’s No. 2 executive, will step down from his full-time position, The Wall Street Journal reported. Simo said in a staff note Thursday that his ongoing medical leave has proven longer and more difficult than expected and he will instead transition to a part-time advisory role. Mr. Simo joined OpenAI’s Board of Directors in 2024 and joined OpenAI in May 2025 as CEO of Applications. A new role was subsequently created, reporting directly to Sam Altman, to integrate the company’s business and product operations. Her appointment was accompanied by broader reporting changes. COO Brad Lightcap, CFO Sarah Friar…

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The shocking rape and murder of a young girl in eastern India has sparked widespread anxiety, led to the mass murder of an innocent man and police killed the main suspect in custody. The series of tragic events reveals that the country has a problem not only with sexual violence, but also with attempts to bring perpetrators to justice. The body of a child was pulled from a pond in the city of Baruipur in West Bengal state on Sunday, local media reported. She is believed to be 11 or 12 years old, according to reports. According to reports, her…

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BOSTON, USA – Not long after their team was eliminated from the World Cup, several Moroccan fans openly accepted membership in Kylian Mbappé’s fan club.Mbappe scored one stunning goal and another six minutes later to seal France’s 2-0 victory on Thursday. His team was described by Moroccan supporters as an “unstoppable force”.Yassine Marfi admitted that while Moroccans are hoping and praying for a different result, they are ready to accept a French victory.”France are unstoppable because not only do they have 11 very good players on the pitch, but they also have one of the best benches in the competition,”…

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EasyJet Airbus A320 aircraft seen at Malpensa Airport near Milan, Italy, on October 3, 2018.Stefano Lerandini | Reuterseasyjet Shares soared Friday after the low-cost airline announced it was considering a $7.7 billion tender offer. Apollo Global Managementwhich will put the airline at the center of a private equity bidding war. Under the terms of the cash offer, easyJet shareholders are entitled to receive £7.15 ($9.61) per share in the company, valuing the company at £5.7 billion (approximately $7.66 billion). As an alternative to cash payments, Apollo will also offer shareholders the option of a stub equity alternative, or the option…

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AI

Earlier this week, Bloomberg reported that Microsoft is replacing some of OpenAI’s software with its own models to cut costs. These internal models, known as MAI, were used to power apps such as Word and Excel, the magazine noted. The article raised an increasingly common question about the two companies, which once seemed inseparable but have recently sent mixed signals about their status. “Are the two companies drifting apart?” Now, OpenAI is trying to stop any hint of such interruptions. When OpenAI announced GPT 5.6 on Thursday, the company announced that it would be the “preferred model” underpinning Microsoft’s 365…

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A worker stands inside a meth lab in Los Angeles, California, USA on May 20, 2026. Daniel Cole | ReutersThe “addictive” design of Instagram and Facebook is Meta It violates the European Union’s digital law, the EU concluded in a preliminary report on Friday.The European Commission said the tech giant breached EU digital services law by failing to adequately consider risks associated with design features that could affect the physical health of users, including minors and vulnerable adults.These features include infinite scrolling, autoplay, push notifications, and a highly personalized recommendation system. If the commission’s findings are confirmed, Meta faces a…

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At least 11 people have been killed in a wildfire on Spain’s southern coast, local officials said Friday, as residents continue to evacuate amid concerns that strong winds will spread the fire. About 150 emergency workers were called in to extinguish a forest fire near the town of Los Gallardos on the Costa de Almeria, and several residents were evacuated from their homes, the Andalusian regional government said. Antonio Sanz, the region’s health and emergencies minister, said: “This is the most devastating fire ever in this region.” Temperature records have been broken across Europe this summer, with countries experiencing heatwaves…

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And while he could throw the sun and take advantage of the breeze, he needed a little help getting Maui’s hair down. “The first time they saw me as Maui, they were like, ‘Oh,'” said Johnson, whose daughters Simone, 24, Jasmine (with ex Danny Garcia), 10, and Tiana (with wife Lauren Hashian, 8) were given fake locks. “It was probably uncomfortable for them for about 10 minutes. You can tell just by looking at me with hair, but there’s a lot of hair.” But for Johnson, dealing with extra hair and muscles wasn’t the trickiest part of the filming experience.…

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