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Happy Tuesday. Nothing signals the holidays are over like the start of a new corporate earnings season.
Stock futures are falling this morning following the winning day.
Here are five important things investors need to know to start their trading day.
1. Turn that frown upside down
U.S. Federal Reserve Chairman Jerome Powell holds a press conference after two days of Federal Open Market Committee (FOMC) meetings at the U.S. Federal Reserve Board on December 10, 2025 in Washington, DC, USA.
Kevin Lamarque | Reuters
The criminal investigation into Federal Reserve Chairman Jerome Powell was the biggest headline for business leaders and investors yesterday, but it didn’t create the risk-off pressure some had expected. Instead, the U.S. stock market weathered the turmoil to reach a new record.
Here’s what you need to know:
2. For their honor
The JPMorgan Chase & Co. building before a ribbon-cutting ceremony at the company’s new headquarters at 270 Park Avenue, New York City, USA, on October 21, 2025.
Eduardo Muñoz | Reuters
JP Morgan Chase Fourth-quarter sales beat analysts’ expectations in both areas, and the stock rose about 1% in premarket trading. The bank also said trading revenue was stronger than expected.
JPMorgan is one of the first major companies to report earnings in the new year. Ahead of other financial giants bank of america, citygroup, wells fargo, goldman sachs and morgan stanleywe plan to share the results later this week.
Bank stocks, including JPMorgan, are coming out of tough trading after President Trump called for a one-year cap on credit card interest rates of 10%. As CNBC’s Hew Song reports, industry executives scrambled over the weekend to develop plans of action if Trump’s ideas, which they see as harmful to their business models, come to fruition.
3. Encounter turbulence
A Delta Air Lines Boeing 737 arrives at Los Angeles International Airport on January 2, 2025 in Los Angeles, California.
Kevin Carter | Getty Images
Speaking of revenue, delta airlines Shares fell 5% this morning after the airline posted fourth-quarter earnings that were slightly below Wall Street expectations. However, Delta Air Lines reported stronger-than-expected earnings per share due to strong travel demand, and forecast a 20% profit increase in 2026.
“We expect more than just 20% EPS growth this year,” Delta CEO Ed Bastian told CNBC’s “Squawk Box” this morning. “We expect first-quarter EPS to increase 50%.”
The Atlanta-based company says leisure and business travel bookings are strong so far in 2026.
4. Foreign fees
U.S. President Donald Trump speaks to reporters about the Israel-Iran conflict aboard Air Force One while traveling to attend the NATO Heads of State and Government Summit in The Hague, Netherlands, on June 24, 2025.
Brendan Smialowski AFP | Getty Images
President Trump took to social media yesterday to impose 25% tariffs on all countries doing business with Iran, effective immediately. The president called the order “final and definitive” without providing any other details, and the White House press secretary declined to answer CNBC’s questions about the policy.
The new tariffs are an apparent effort to economically isolate the Middle Eastern country and come after President Trump threatened military action against Iran over the reported killing of dozens of anti-government protesters.
5. Hey Siri
Mateo Della Torre | Null Photo | Getty Images
Siri is getting an upgrade powered by artificial intelligence. alphabet.
Google parent company’s Gemini model is used to help with this. apple In a joint statement obtained by CNBC, the companies announced they are rolling out an enhanced version of their virtual assistant software. The upgraded Siri is expected to be released later this year.
As CNBC’s Samantha Subin points out, the deal marks another victory for Google in the AI race with OpenAI.
daily dividend
After yesterday’s Siri announcement, Alphabet’s stock price rose, making it the fourth company to reach a market cap of $4 trillion. The path for the class C share looks like this:
CNBC’s Jeff Cox, Garrett Downs, Emily Wilkins, Sean Conlon, Hugh Song, Leslie Josephs, Kevin Browninger, Samantha Subin and Jennifer Elias contributed to this report. Josephine Rozzelle edited this version.
