U.S. attack on Iran, Samsung’s Wall Street disappointment, AI used for financial planning, etc. Morning Squawk

Happy Wednesday. This year’s FIFA World Cup is not over yet. But as CNBC’s Alex Sherman reports, media companies are already looking at ways to acquire the rights to the next show.

Stock futures plunged this morning after President Donald Trump said the ceasefire between the United States and Iran was “over,” reigniting concerns about a broader Middle East conflict.

The average of the three major stocks recorded losses yesterday.

Here are five important things investors need to know to start their trading day.

President Donald Trump told reporters Wednesday at a NATO summit in Turkey that the ceasefire with Iran is “over.”

Yesterday, US Central Command announced that the country had launched a “series of powerful attacks” in Iran, raising concerns that the conflict could flare up in the region and the Strait of Hormuz could be closed again. Iran’s Foreign Ministry claimed the US airstrike was a “serious violation” of a memorandum of understanding signed last month between the US and Iran to end the war.

Here’s what you need to know:

samsung recorded a stronger quarterly profit than Nvidia and apple It said operating profits could jump 1,800%. But that didn’t reassure investors, with the stock down 8% in yesterday’s trading.

As CNBC’s Samantha Subin points out, this is the latest example of a company achieving great results even though it still hasn’t met Wall Street’s high bar in the age of artificial intelligence. Joining stocks like Nvidia; cloud strike which fell for similar reasons.

Friends of memory stocks sandisk and micronI lost my step and fell. broader iShares Semiconductor ETF (SOXX) It fell about 5% during the session.

Stellantis Fiat has officially begun taking orders for the Fiat Topolino, an electric car that resembles a golf cart, in the United States. The car, which means “little mouse” in Italian, starts at $13,995.

As CNBC’s Michael Weiland reports, the Moroccan-made car can travel up to 19 miles per hour, or up to 45 miles per hour with a vehicle conversion kit. There is no additional charge for the kit, but buyers must pay a mandatory destination fee that adds $990 to the entry price.

Elsewhere in the car: Rivian The company announced it would sell 75 million shares to raise capital. As a result, the electric car maker’s stock price fell 18% in yesterday’s trading, its worst day since 2024.

Meta Yesterday, we released our first AI model that can create images. As CNBC’s Jonathan Vanian reports, Facebook’s parent company is trying to get more attention from creators and advertisers.

The product, called Muse Image, will be available for free on Meta AI’s website and app, as well as through WhatsApp direct messages and Instagram Stories. This is the second big release from Alexandr Wang’s Meta Superintelligence Labs, which announced Muse Spark in April.

Meta is looking to monetize outside of its core online advertising business, bringing in revenue that can offset its heavy investment in AI infrastructure. However, with OpenAI alphabet It outperformed Meta in deploying this type of model focused on image generation.

AI may not be your go-to source for personal finance. As CNBC’s Greg Iacurci reports, a new study found that the advice this technology provides is inconsistent, inaccurate, or biased on the subject.

The Journal of Financial Planning study looked at seven popular generative AI platforms, including free versions of ChatGPT and Claude. While these platforms may offer confident advice, researchers warn that they can be fraught with problems.

In some cases, the outcomes are considered “suboptimal,” the authors said. Even though the majority of Americans who use generative AI say they rely on it for help on the topic, they say there can be concerns about the consistency and fairness of such advice.

Finnish President Alexander Stubbe told CNBC yesterday that Ukraine needs more air support from NATO allies, but given its perseverance, the war with Russia appears to have been won. Here’s what he said at the NATO summit in Türkiye:

—CNBC’s Garrett Downs, Megan Cassella, Spencer Kimball, Sean Conlon, Kevin Breuninger, Sam Meredith, Samantha Subin, Michael Weiland, Jonathan Vanian, Greg Iakrusi and Elsa Oren contributed to this report.

Luke Fountain helped produce this newsletter. Melody Warner edited this version.