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Happy Wednesday. After reading about restaurant brand internationalSince I earned some money this morning, I feel like having my morning coffee at Tim Hortons.
Stock futures are rising this morning after a winning day for the three major indexes.
Here are five important things investors need to know to start their trading day.
1. Is the end near?
US President Donald Trump signs the proclamation and gives a speech in the Oval Office of the White House on May 5, 2026 in Washington, DC.
Anna Moneymaker | Getty Images
Stock futures are soaring and oil prices are falling after Axios reported this morning that the US and Iran are close to a deal to end the war. Iran’s Foreign Ministry spokesperson told CNBC that Iran is “evaluating” the 14-point peace proposal from the United States.
In response to the report, President Donald Trump said in a post on Truth Social this morning that Iran would be bombed “at a higher level” if it did not agree to the deal.
The possibility of a peace deal comes after President Trump said yesterday that he would suspend Project Freedom, the US military’s effort to divert commercial ships from the Strait of Hormuz. President Trump cited “significant progress” toward a deal with Iran as the reason for canceling the project, which began just one day earlier.
2. Turbocharging
Traders work on the floor of the New York Stock Exchange (NYSE) on May 5, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
In addition to the drop in oil prices, yesterday’s rally in technology stocks also boosted the market. of S&P500 and Nasdaq Composite Both broke intraday and closing price records.
Here’s what you need to know:
3. Disney’s popularity
People participate in the “Happy Ever After” fireworks display at Walt Disney World Magic Kingdom Theme Park on July 30, 2022 in Orlando, Florida, USA.
Octavio Jones Reuters
Strengths of streaming and park divisions contributed disney Second quarter sales, announced this morning, exceeded expectations. The company’s stock rose as much as 7% in pre-market trading following the report, the first such increase for Disney since Josh D’Amaro took over in March.
Revenue from Disney’s Experiences business increased 7% year-over-year, despite a 1% decline in domestic park visitor numbers. According to the company, this is due to a decrease in the number of visitors from overseas. But Chief Financial Officer Hugh Johnston told CNBC’s Julia Boorstin that the company doesn’t see rising energy prices dampening consumer momentum and that bookings for the second half of the year are “very strong.”
4. Raise your glass
Corning CEO Wendell Weeks speaks with CNBC’s Katie Tarasoff at Corning’s cable factory in Hickory, North Carolina, on January 9, 2026.
Magdalena Petrova
Magnificent Seven Darlings Nvidia and the glass craftsman corning announced this morning that they are partnering to build three new manufacturing facilities in North Carolina and Texas. This facility will be fully dedicated to developing optical technology for Nvidia.
Investors liked the news, sending Corning stock soaring nearly 20% in premarket trading. Following this announcement, Nvidia’s stock price also rose.
The companies did not provide details about the development, but CNBC’s Katie Tarasoff reported that the company is likely preparing to replace copper in its AI rack-scale systems with Corning’s fiber optic glass. Nvidia CEO Jensen Huang emphasized last year the importance of such integration, so-called co-packaged optics, in building artificial intelligence.
5. The road ahead
Victorville, California – May 2: A Spirit Airlines jet is parked for storage at Southern California Logistics Airport on May 2, 2026 in Victorville, California.
David McNew | Getty Images News | Getty Images
Spirit’s closure sent shockwaves through the travel industry over the weekend. As CNBC’s Leslie Josephs reported, the airline has now begun a months-long dismantling process.
The iconic low-cost airline and its associates appeared in bankruptcy court in White Plains, New York, yesterday for a hearing covering airport landing fees, aircraft and staffing. Spirit’s final adjusted budget is approximately $217 million, but that number is subject to change.
Marshall Huebner, an attorney for Spirit, said during Tuesday’s hearing that the airline was forced to close due to soaring jet fuel prices due to the Iran war.
daily dividend
Federal Reserve Chairman Jerome Powell should step down from the central bank’s board when his term ends, Sen. Tim Scott (RS.C.) said at a news conference yesterday, calling Powell’s recently announced decision to remain on the board a “grave mistake.”
I think it’s best for the country and the Fed if he leaves.
—CNBC’s Sean Conlon, Sam Meredith, Li Ying Xiang, Chloe Taylor, Laura Multi, Tobias Burns, Katie Tarasoff, Jordan Nove, Kevin Bruninger, Leslie Josephs, Justin Papp and Lillian Rizzo contributed to this report.
Josephine Rozzelle edited this version.
Correction: President Donald Trump said in a post on Truth Social on Wednesday that if Iran doesn’t agree to the deal, it will be bombed “at a much higher level and intensity than before.” A previous version misquoted his post.
