Oil prices top $100, FDA leadership change, the wellness boom and more in Morning Squawk

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Good morning. If you're getting on a plane soon, consider this a public service announcement that you may want to give yourself extra time for security lines.Stock futures are tanking this morning following a losing week on Wall Street.Here are five key things investors need to know to start the trading day:U.S. crude futures climbed above $100 per barrel yesterday for the first time since the aftermath of Russia's invasion of Ukraine in mid-2022. The surge came after Iraq, Kuwait and the United Arab Emirates cut their oil output amid the U.S.-Iran war.Here's what to know:Affordability was already the focus of November's midterm elections. But as CNBC's Garrett Downs and Justin Papp report, the U.S.-Iran war has further raised the stakes.Democrats are framing the conflict as a catalyst for higher costs for everyday Americans, pointing to rising gas prices. Some Republicans, meanwhile, are hopping the war is short enough to avoid material economic damage that could hurt their midterm messaging.As CNBC's Matt Peterson writes, Friday's negative jobs report was also ill-timed for the White House. A tightening labor market — on top of rising prices at the pump — could pressure Trump to change course on the conflict with Iran.Vinay Prasad, the Food and Drug Administration's vaccine chief, is stepping down. An FDA spokesperson confirmed that Prasad will leave his position as director of the Center for Biologics Evaluation and Research at the end of April.In July, Prasad briefly left the role amid backlash to his decisions. However, he returned two weeks later.Prasad's most recent departure announcement follows a string of controversial decisions that received criticism from the biotechnology and pharmaceutical industries, as well as from former health officials. FDA Commissioner Marty Makary said the FDA would appoint a successor before Prasad leaves.CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.Subscribe here to get access today.Canadians aren't backing down from their boycott of U.S. goods and services amid Trump's calls for Canada to become a U.S. state. What was originally viewed as an atypical swell of Canadian patriotism about a year ago has created structural changes to the country's social and economic order.Data shows Canadians are buying more domestic brands and increasing tourism spending within the country. On the other hand, they are shunning U.S. goods and skipping trips across the border — an unwelcome trend for the U.S. tourism industry.A team at Canada's central bank said these consumption changes could also affect the country's gross domestic product and inflation. Polling suggests that most Canadians aren't planning to stop their "elbows up" spending approach in the near future.Business is booming at wellness-focused venues. As CNBC's Laya Neelakandan notes, it's driven by a demand from consumers for so-called third spaces. These wellness clubs not only offer amenities like cold plunges and saunas, but also a chance to socialize. For some, the absence of alcohol is an added plus.The Global Wellness Institute estimates that the worldwide wellness market will close in on $10 trillion by 2030. New York-based Bathhouse told CNBC exclusively that it expects to see about $120 million in run-rate revenue by the end of 2026.Here's what we're keeping an eye on this week:— CNBC's Spencer Kimball, Sam Meredith, Garrett Downs, Azhar Sukri, Emma Graham, Sean Conlon, Justin Papp, Matt Peterson, Jacob Pramuk, Angelica Peebles and Laya Neelakandan contributed to this report. Josephine Rozzelle edited this edition.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by