White House · Microsoft · SpaceX · Donald Trump · Wall Street · U.S. Treasury · CNBC Technology
Trump Accounts, the Dow's latest record, Microsoft layoffs and more in Morning Squawk
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This is CNBC's Morning Squawk newsletter.
Key facts
- Belgium defeated the U.S. 4-1 in last night's World Cup knockout-round game
- CNBC's Kevin Breuninger, Sharon Epperson, Stephanie Dhue, CJ Haddad, Sean Conlon, Dan Mangan, Liz Napolitano and Jordan Novet contributed to this report
- Microsoft said yesterday that it's cutting 4,800 jobs, or over 2% of its workforce, immediately
- The Xbox business would lose 3,200 employees, which a person familiar with the matter told CNBC equates to around one-fifth of its headcount
Summary
Here are five key things investors need to know to start the trading day:. More than six million children were signed up for Trump Accounts heading into the launch over 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. Trump's White House event was attended by several CEOs and business moguls, along with leaders from the New York Stock Exchange and Nasdaq. Trump said people should "go out and buy" a computer from Dell, sending shares of the technology stock up 4%.