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Happy Wednesday. Don’t miss the CNBC interview wells fargo CEO Charlie Scharf spoke today at 10 a.m. ET. Watch live on CNBC or CNBC+.
Stock futures are lower this morning after all three major stock averages fell.
Here are five important things investors need to know to start their trading day.
1. Apple cart
John Ternus, Apple’s senior vice president of hardware engineering, introduced the new M2 microprocessor at Apple’s WWDC 2022 developer conference at Apple Park in Cupertino.
Christoph Dernbach Picture Alliance | Getty Images
apple’s The annual product event takes place today, and between the debut of a new CEO and expectations for a major iPhone update, it’s shaping up to be a big one.
Here’s what you need to know ahead of the event.
Analysts expect Apple to unveil its first-ever foldable iPhone today. Such Apple products will compete with foldable market leader Samsung, as well as Chinese manufacturers Xiaomi and Huawei. Bank of America on Tuesday took a bullish view on Apple ahead of the event, reiterating that the stock is a buy as the prospect of a foldable iPhone remains top of mind. Analysts are also watching to see whether Apple will raise the prices of any of its products, following the price increases for MacBooks and iPads in July. This event also serves as a debut match of sorts. John Ternus officially took over as CEO last week. CNBC will provide live, online and television coverage of the event at 1pm ET.
2. $100 per barrel
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 3, 2026 in New York City.
Michael M. Santiago | Getty Images
3. Economic war
Canadian and U.S. flags fly across the border on the Gordie Howe International Bridge connecting Windsor, Ontario, Canada, and Detroit, Michigan on September 6, 2026.
Jeff Kowalski | AFP | Getty Images
The White House announced last night that President Donald Trump signed a number of proclamations banning the import of certain Canadian products, including some motorcycles and alcoholic beverages. News of the new import restrictions, scheduled to begin on September 29, was announced on the same day that Canada’s retaliatory tariffs against the United States went into effect.
President Trump also revised the list of items subject to 50% tariffs, which U.S. Trade Representative Jamieson Greer called “a natural consequence of Canada’s continued discriminatory treatment of critical U.S. exports.”
This was not the only economic action the United States took yesterday. The Treasury Department on Tuesday sanctioned 27 Iranian airlines and several other companies for undermining Tehran’s economy. This is part of a broader U.S. effort called “Operation Economic Purge” aimed at undermining Iran’s financial health.
4. Meta Muse
Samuel Boivin | Null Photo | Getty Images
Meta on Tuesday announced a personal agent app called Muse that can perform tasks such as making reservations and filling out forms. Users can access the app through a free tier or monthly subscription plans ranging from $20 to $100 per month.
Alexander Wang, Meta’s head of artificial intelligence, told CNBC that the app runs in “its own isolated environment” and details such as passwords and payment information “are never seen.” Wang also said that Muse “feels very approachable, friendly and easy to explain.”
As CNBC’s Jonathan Vanian points out, the product comes as Meta faces broader public scrutiny, with legal implications, stemming from its privacy and safety policies. At the same time, Meta is under pressure from Wall Street to show it can generate returns from large-scale AI investments.
5. Trump’s portfolio
President Donald Trump’s press conference is shown on a television monitor on the floor of the New York Stock Exchange on April 6, 2026, in New York.
Michael Nagle | Bloomberg | Getty Images
President Trump’s largest oil and gas holdings have grown by millions of dollars since the outbreak of the Iran war. The president’s nine largest positions in this field increased by an estimated $1.5 million to $4.4 million from the eve of the conflict to the end of August, according to a CNBC analysis.
As CNBC’s Luke Fountain reports, Trump’s account continues to trade energy stocks, including: exxon mobil and chevron In conflict. Some of the trades occurred on days when President Trump’s announcements caused significant volatility in energy markets.
CNBC found no evidence that Trump directed the trades or that his investment managers had advanced knowledge of the president’s decisions. The Trump Organization said Trump’s money manager uses automated trading. The White House said an independent manager is overseeing his portfolio.
daily dividend
This morning, CNBC’s official 2026 NFL team ratings dropped. Here are some important numbers:
Average team value: $10.36 billion YoY increase: 35%
—CNBC’s Kif Leswing, MacKenzie Sigalos, Arjun Kharpal, Michael Bloom, Sarah Min, Lee Ying Shan, Spencer Kimball, Anniek Bao, Kevin Breuninger, Chloe Taylor, Jonathan Vanian, Luke Fountain and Michael Ozanian contributed to this report.
Josephine Rozzelle edited this version.
