Strait of Hormuz blockade, Goldman Sachs earnings, AI cybersecurity and more in Morning Squawk

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Monday. Turns out one of the biggest winners at last month's Academy Awards might have been Kodak, whose film was used to shoot "One Battle After Another" and "Sinners." Here's how a self-proclaimed "turnaround specialist" rebuilt the company — and took it to the Oscars.Stock futures are lower this morning after all three indexes posted their best week in months.Here are five key things investors need to know to start the trading day:Oil prices are sharply higher after President Donald Trump said yesterday that the U.S. will blockade the Strait of Hormuz. The move came after U.S. and Iranian officials failed to come to an agreement during peace talks in Pakistan over the weekend.Here's what to know:Goldman Sachs kicked off a big week of bank earnings this morning, posting a beat on both the top- and bottom-lines for its first quarter. The numbers were boosted by record equities trading results and higher-than-expected revenue from its investment banking business. Still, shares of Goldman Sachs dropped more than 2% following the release, which showed disappointing trading results in its fixed-income unit.JPMorgan Chase, Citigroup, Wells Fargo are set to release their quarterly reports tomorrow morning, followed by Bank of America and Morgan Stanley before the bell on Wednesday.Anthropic is dominating the artificial intelligence industry. Its new model is also making some people nervous.After the AI startup released its new Mythos model — which specializes in identifying cybersecurity flaws in software — Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent met with CEOs from major U.S. banks to discuss potential cyber risks caused by Mythos.But as CNBC's Samantha Subin reports, it wasn't the first time members of the Trump administration reached out to the private sector with concerns. Sources told CNBC that Bessent and Vance questioned several tech CEOs — including Anthropic's Dario Amodei — about the security of AI models before the release of Mythos.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.Trump attacked Pope Leo XIV in a Truth Social post last night, calling the first U.S.-born pope "WEAK on Crime, and terrible for Foreign Policy" following Leo's criticism of the U.S. war in Iran."I don't want a Pope who criticizes the President of the United States," Trump wrote in the post, in which he tied Leo's ascension last year to his own re-election to the White House.The pope responded to Trump's comments this morning, saying he will "continue to speak out loudly against war, looking to promote peace, promoting dialogue and multilateral relationships among the states to look for just solutions to problems."Meet Ineos: the automotive startup looking to revive the SUV market with what its knighted founder calls "the world's best utilitarian 4x4."Executives for the company exclusively told CNBC that it will today release record order numbers for its flagship vehicle during the first quarter. "We're running it for success. We're running it for profitability," Ineos CEO Lynn Calder said, adding that the company is aiming to break even this year — what would be a rare feat for an auto startup.Ineos is particularly focused on the U.S. market, with goals to increase its sales by roughly 30% to 35% annually. Calder said the company might even add a factory in the U.S., which would spare Ineos from tariffs.Earnings season is back in full swing. Here are the major reports we're watching this week:— CNBC's Laya Neelakandan, Sarah Min, Sean Conlon, Lisa Han, Garrett Downs, Holly Ellyatt, Terri Cullen, Azhar Sukri, Kevin Breuninger, Hugh Son, Samantha Subin, Ashley Capoot, Sawdah Bhaimiya and Michael Wayland contributed to this report. Terri Cullen 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.

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