The Google logo appears on the Google headquarters building in Mountain View, California, on February 4, 2026.
Justin Sullivan | Getty Images
Hello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.
The alphabet has learned a new character set “DOW”. Google’s parent company listed on the Dow Jones Industrial Average on Monday, pushing the blue-chip index above 52,000 and earning an A-grade rating from investors.
Iran negotiations remain stuck in a start-stop pattern, with political issues in other regions in the spotlight after the Supreme Court handed down a divided scorecard to President Donald Trump regarding executive power.
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What you need to know today
The alphabet is one of the first things you learn as a child. But Alphabet is a company that people will recognize when they look at it now. Dow Jones Industrial Average.
The company’s addition to the 30-stock index sent the Dow Jones Industrial Average soaring above $52,000 by U.S. time on Monday. Alphabet jumped 4% on Monday, replacing Verizon.
But history seems to have some warnings for newcomers. Recent Dow stocks have also struggled after joining the index. NvidiaSalesforce and Apple both fell 60 days after joining the Dow.
On the political front, the Supreme Court ruled Monday that President Donald Trump does not currently have the authority to remove Federal Reserve President Lisa Cook from the central bank.
Last August, President Trump tried to remove Mr. Cook from his post, alleging that he had committed mortgage fraud, which Mr. Cook adamantly denies.
But the court also expanded President Trump’s authority through a ruling in a separate case, allowing him to fire Federal Trade Commission Commissioner Rebecca Slaughter.
Overseas, the start-stop pattern of the Iran war continues, with the US president saying new talks will be held in Qatar after a series of attacks between the US and Iran over the weekend threatened to derail negotiations to end the conflict.
Crude oil prices are little changed, and the U.S. west texas intermediate Futures prices fell to $70.16 per barrel, while international benchmark Brent crude rose slightly to $73.15.
The muted reaction raised alarms from strategists, who said it may reflect an overly optimistic attitude in the market that underestimates the scale of continuing supply-side challenges.
In Asia today, investors are keeping an eye on major manufacturing activity from China, with Purchasing Managers Index figures for June expected to be released later today.
And finally…
President Trump bought $5 million in Axon stock before ICE sought a $220 million Taser deal.
President Donald Trump bought $5 million in stock in Axon Enterprises, a maker of Tasers, body cameras and police software, two weeks before Immigration and Customs Enforcement sought a five-year, $220 million contract, which experts told CNBC appears to be tailored to the company’s weapons.
Trump bought between $1 million and $5 million worth of Axon stock on February 10, according to federal disclosures filed in May. On February 24, ICE posted a notice seeking approximately 17,800 new Tasers, along with unlimited cartridges and training.
The White House said Trump’s assets are held in trusts controlled by his children and that his investments are managed by independent third-party companies, not by Trump or his family.
Spokeswoman Anna Kelly told CNBC there was “no conflict of interest” and called the investigation a “tired narrative” pushed by Democrats.
— Luke Fountain
