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Happy Monday. Spain won the World Cup yesterday in an extra-time nailbiter. But the financial winner might be FIFA, which is set to net more than $9 billion in revenue for 2026.
Stock futures are higher this morning as traders look to rebound from a losing week.
Here are five key things investors need to know to start the trading day:
The U.S. completed its ninth straight night of attacks on Iran yesterday as it fights for control over the Strait of Hormuz. The wave of attacks is raising concern that the war could be entering a new phase, a month after the two countries signed a memorandum of understanding aimed at ending the conflict.
The U.S. death toll from the Iran war rose to 17 over the weekend after the U.S. military said three service members were killed in recent fighting.
Brent crude broke past the $90 per barrel mark, building on its roughly 16% advance last week. The international benchmark gave back some of its gains after Iran's Foreign Ministry spokesman indicated Tehran could pursue negotiations with the U.S.
Rising fuel prices continue to hit American drivers. The national average price for regular gasoline climbed back above $4 per gallon this morning, according to AAA.
All three major indexes closed last week lower as investors felt pressure from climbing oil prices. Stock futures are higher before the bell as Wall Street looks to a new week.
Nearly half of U.S. voters said they believe it is not appropriate for the federal government to take ownership stakes in U.S.-based companies, according to CNBC's All-America Economic Survey. Just 19% approved of government equity stakes, while 32% were undecided.
As CNBC's Matt Peterson writes, the poll's findings come after President Donald Trump's administration inked deals with several well-known firms, including Intel. In total, the White House has negotiated 30 ownership agreements worth almost $27 billion, according to the Council on Foreign Relations.
CNBC's survey also found that housing is the top political issue for young voters heading into the midterm election. Both Democrat and Republican lawmakers have celebrated the passage of a recent bipartisan housing bill, but respondents to the survey indicated they trust Democrats more on the issue.
