5 things to know before the market opens Friday

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Reddit was announced officially as the next addition to the S&P 500, prompting a rally for the social media stock in early trading. Stock futures are little changed this morning. Wall Street is coming off a winning day. Here are…

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Putin visits disputed Kuril Islands, Japan protests

Japan’s Prime Minister Sanae Takaichi responds to questions from reporters at the Prime Minister’s Office in Tokyo on May 25, 2026. Prime Minister Sanae Takaichi said on May 25 the government will compile a $19 billion supplementary budget to support households grappling with soaring everyday costs driven by the Iran war. (Photo by JIJI PRESS…

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AI infrastructure debt and leverage draw market scrutiny

As Nvidia partners with Wall Street firms to mobilize more than $500 billion of third-party capital for AI infrastructure, the increasingly complex financing underpinning the boom is coming under closer scrutiny. Hyperscalers and their financial backers are turning to bond markets, joint ventures, leases and other structures to fund an unprecedented infrastructure buildout. At the…

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Kennedy Center board votes to put Trump name on facade

Workers erect scaffolding at the Kennedy Center in Washington, DC, US, on Friday, June 12, 2026. Andrew Leyden | Bloomberg | Getty Images The Kennedy Center‘s board of trustees voted Thursday to inscribe President Donald Trump‘s name on its building facade, setting up a renewed legal battle over changes to the Washington, D.C., performing arts…

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UConn coach Geno Auriemma urges WNBA to move on from trans debate

University of Connecticut women’s basketball coach Geno Auriemma said WNBA Commissioner Cathy Engelbert should try to shift the league’s dialogue away from transgender issues because fans don’t want to watch “another protest movement.” “Nobody’s coming to watch another political statement. They’re not. They’re coming to watch a basketball game,” Auriemma said in a CNBC Sport…

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