CNBC — 2026-06-14#

Lead Story#

The U.S. and Iran have officially reached a peace agreement to end their nearly four-month war, triggering an immediate end to the U.S. naval blockade and the reopening of the crucial Strait of Hormuz.

Markets & Economics#

Stock futures surged Sunday night in response to the U.S.-Iran peace deal, with Dow futures climbing 342 points (0.7%) and Nasdaq 100 futures popping 1.4%. The agreement sent oil markets tumbling, pushing U.S. crude down 4.8% to $80.80 per barrel and Brent lower by 3.9% to $83.89. This significant drop in energy prices could alter the inflation outlook just as the Federal Reserve heads into its Wednesday policy meeting—the first under the leadership of new Chair Kevin Warsh. Markets are currently pricing in a 98% probability that the Fed will leave interest rates unchanged as they await Warsh’s forward guidance regarding the recent supply shock and broader inflation trends.

Business & Earnings#

SpaceX is dominating investor attention after its historic Friday IPO, with shares surging more than 19% to push the rocket company’s market cap above $2 trillion. The successful debut comes on the heels of a massive deal where SpaceX will lease AI infrastructure to Google Cloud for $920 million a month. Over at Meta, CEO Mark Zuckerberg is under mounting pressure to monetize the company’s new proprietary “Muse Spark” AI model following a $14.3 billion spending spree to acquire top talent like Alexandr Wang. In the aviation sector, JetBlue is rapidly expanding its footprint at Fort Lauderdale-Hollywood International Airport to capture market share left by the collapse of Spirit Airlines, targeting 150 daily flights and a new premium lounge.

Investing & Commentary#

JPMorgan is advising clients to position for the 2026 World Cup, predicting the tournament will inject $17.2 billion into the U.S. economy and identifying Alphabet, Booking Holdings, and DraftKings as top beneficiaries. The bank also issued a bullish call on Chinese appliance giant Midea, forecasting the stock could double by 2030 if it successfully executes its pivot into industrial technology and factory automation. Meanwhile, top Wall Street analysts are aggressively defending infrastructure software names like Snowflake and MongoDB, citing durable multi-cloud growth, robust enterprise execution, and significant AI tailwinds.

Also Worth Watching#

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