Morning Squawk covers President Trump, the latest Dow, Microsoft layoffs and more

Happy Tuesday. This day will also be SpaceX’s first day. Nasdaq-100.

Stock futures are mixed after a triumphant day for Wall Street.

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

Some of Wall Street came to the White House yesterday. President Donald Trump rang the stock market opening bell in the Oval Office yesterday as part of the first collaboration commemorating the Trump Account.

Here’s what you need to know:

More than 6 million children signed up for Trump accounts in preparation for the holiday weekend, the Treasury Department said. These accounts are expected to add nearly $20 billion to the U.S. stock market this year, according to Wells Fargo. President Trump’s White House event was attended by several CEOs and business moguls, as well as leaders of the New York Stock Exchange and Nasdaq. President Trump said people should “go buy” computers from the New York Stock Exchange. Dellthe tech stock’s stock price rose 4%.space x President Gwynne Shotwell announced yesterday that she would donate equity to the program.

Hesai Technology has been deemed a national security threat by the US Department of Defense. But that doesn’t prevent the Shanghai-based manufacturer from expanding its footprint in the U.S., as CNBC’s Melissa Li, Paige Tortorelli and Scott Zamost reported this morning.

The U.S. government said Hesai, known for making sensors that enable vision for robots and self-driving cars, is a Chinese military company. But Hesai is still able to work with US companies and has partnered with artificial intelligence giants Nvidia.

Researchers and critics say there are serious implications if LIDAR technology is compromised by malware. But Hesai CEO David Lee said the company’s products are safe and the company is not working with the Chinese military.

Belgium defeated the United States 4-1 in last night’s World Cup finals match. The United States was excluded from the tournament, becoming the last of the three co-hosts to be eliminated.

In particular, American striker Folarin Balogun was cleared by FIFA to play despite receiving a red card and sending off in the previous match. The Belgian Football Association unsuccessfully lobbied to overturn FIFA’s decision to allow its star players to play.

Earlier in the day, President Trump defended his controversial phone call with FIFA president Gianni Infantino over Balogun’s suspension. President Trump said after Balogun received the red card that he “didn’t think it was a foul” but said he “didn’t tell” Infantino how to act.

microsoft announced yesterday that it would cut 4,800 jobs, or just over 2% of its workforce, with immediate effect. As CNBC’s Jordan Nobe points out, this is part of software companies’ efforts to reduce costs in the age of AI.

The Xbox business will lose 3,200 employees, or about one-fifth of its workforce, a person familiar with the matter told CNBC. Half of these cuts were made yesterday, and the other half are expected to be reversed in the coming months.

Microsoft announced yesterday that it will spin out four game studios and cut some of its commercial business employees responsible for selling to customers. The stock price fell about 1% in yesterday’s trading.

Bitcoin rallied yesterday after President Trump voiced support for the cryptocurrency. When asked if there was any chance of Bitcoin being added to Trump’s account, as reported by CNBC’s Liz Napolitano, he replied:

—CNBC’s Kevin Breuninger, Sharon Epperson, Stephanie Dhue, CJ Haddad, Sean Conlon, Dan Mangan, Liz Napolitano and Jordan Novet contributed to this report.

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