5 things to know before the market opens Monday

Happy Monday. CNBC’s Brian Sullivan sat down with Treasury Secretary Scott Bessent this morning in Paris, the place Bessent simply met together with his Chinese counterpart. The Cabinet secretary stated that “logistics” might delay Trump’s planned trip to China later this month.

Stock futures are increased this morning after one other losing week.

Here are 5 key things traders want to know to begin the buying and selling day:

US oil prices surpassed $100 final night time after President Donald Trump (*5*) — the keystone to Iran’s oil trade.

Here’s what to know:

• Trump stated in a Truth Social submit on Friday that the US executed a “bombing raid” on Iranian navy targets on the island. While he selected not to injury the nation’s oil infrastructure, Trump stated he would “reconsider” that call if Iran interfered with visitors in the Strait of Hormuz.
• In an interview revealed over the weekend, the president informed NBC News that the US could hit Kharg Island “a few more times just for fun.”
• The island, situated about 15 miles off the coast of Iran in the northern Persian Gulf, is responsible for about 90% of the nation’s crude exports.
• Meanwhile, Trump is pressing other countries to ship ships to the Strait of Hormuz to assist safe the essential maritime passageway.
• Oil costs continued to rise this morning, however wall again beneficial properties made earlier in the session.
• Follow live market updates here.

A federal choose final week blocked subpoenas issued to the Federal Reserve as a part of the Justice Department’s legal investigation of Chair Jerome Powell.

US Attorney Jeanine Pirro stated Friday that the DOJ would attraction US District Judge James Boasberg’s ruling, which stated there was a “mountain of evidence” that the subpoenas have been issued to stress the central financial institution to lower rates of interest.

The blocked subpoenas set off considerably of a series response: The attraction will extend the DOJ’s investigation into Powell, so Sen. Thom Tillis, RN.C., will doubtless proceed to block Kevin Warsh’s affirmation to succeed Powell, which means Powell might stay chair of the Fed longer, and rates of interest could keep increased in tandem.

All eyes are on Nvidia this week, with the chipmaker set to reveal what it has in retailer for its agentic-optimized central processing items at its annual GTC conference.

Demand for Nvidia’s CPUs has exploded with the rise of agentic synthetic intelligence, a lot in order that some trade watchers are warning the chips might quickly face a provide disaster. Dion Harris, Nvidia’s head of AI infrastructure, informed CNBC final week that CPUs are “becoming the bottleneck in terms of growing out this AI and agentic workflow.”

The SAVE America Act is set to get a vote in the Senate this week, however the Trump-backed voter-ID invoice faces an uphill battle to attain the 60 votes it wants to cross.

Senate Democrats have vowed to oppose the laws, which might require Americans to present proof of citizenship to register to vote and a photograph ID to solid a poll. “This would be a horror,” Senate Minority Leader Chuck Schumer, D-N.Y., informed reporters on Sunday. With a 53-47 majority, Republicans want Democratic assist to cross the invoice — until lawmakers eliminate the filibuster rule.

The SAVE American Act has more and more turn into a spotlight for Trump. The president stated in a social media submit final week that the invoice “must be done immediately. It supersedes everything else.” He stated he “will not sign other Bills until this is passed.”

If Paramount Skydance manages to clear regulatory hurdles and full its acquisition of Warner Bros. Discovery, the mixed firm can be chargeable for not less than 26 theatrical releases subsequent yr. The massive film slate, which might nonetheless develop, is roughly according to Paramount CEO David Ellison’s said aim of 30 movies a yr: 15 from Paramount, and 15 from Warner Bros.

But as CNBC’s Sarah Whitten reviews, Ellison’s plan to conquer Hollywood’s field workplace may not be sustainable. It would even be a logistical feat: With 30 motion pictures and solely 52 weekends, the merged studio would threat cannibalizing its personal ticket gross sales.

Here’s what we’ll be maintaining a tally of this week.

• Monday: Dollar Tree earnings (before the bell); March Empire State Manufacturing Survey
• Tuesday: Lululemon Athletica earnings (after the bell); February pending residence gross sales information
• Wednesday: Macy’s earnings (before the bell); Micron earnings (after the bell); February producer worth index; Federal Reserve choice
• Thursday: Darden Restaurants earnings (before the bell); FedEx earnings (after the bell); January wholesale inventories information; January new residence gross sales information

— CNBC’s Garrett Downs, Spencer Kimball, Sam Meredith, Lee Ying Shan, Lim Hui Jie, Holly Ellyatt, Fred Imbert, Dan Mangan, Katie Tarasov, Justin Papp, Kate Dore and Sarah Whitten contributed to this report. Terri Cullen edited this version.