1. 100 days
Smoke billows from southern Lebanon following an Israeli strike, as seen from Nabatieh, Lebanon, on June 6, 2026.
Stringer | Reuters
President Donald Trump told Iran and Israel to “immediately stop ‘shooting'” in a Truth Social post this morning, after the two countries traded strikes for the first time since the precarious ceasefire began in April.
Here’s what to know:
- Following Iranian strikes on Israel Sunday, the Israeli Defense Forces said it carried out a “large-scale strike on strategic defense systems” in Iran.
- The renewed tensions could put the ceasefire in jeopardy. Iran’s parliamentary speaker wrote in a post on X that the U.S. “naval blockade and violation of agreements regarding Lebanon” constituted breaches to the ceasefire agreement.
- Trump wrote in another Truth Social post this morning that Israel and Iran are “looking to do an immediate CEASEFIRE! Final negotiations on ‘Peace’ are proceeding, subject to ignorance or stupidity getting in its way.”
- Iran’s Ministry of Foreign Affairs told CNBC this morning that it has ceased its strikes against Israel but warned that it would resume hostilities if Israel continues operations in Lebanon.
- Sunday marked the 100th day since the conflict began in February. Here’s a look at how the war has affected global markets.
2. Freaky Friday
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 4, 2026.
Brendan McDermid | Reuters
3. Looking west
A Delta Air Lines Airbus A321 airplane taxis at San Diego International Airport on May 27, 2026 in San Diego, California.
Kevin Carter | Getty Images News | Getty Images
Delta‘s new president has his eye on the Pacific. Peter Carter, who was promoted in March, told CNBC that Delta wants to challenge United’s leadership on trans-Pacific flights and eventually become the leading global carrier — what he called “a pretty audacious goal.”
Delta posted $2.79 billion in trans-Pacific net profit last year, trailing United’s approximately $6.89 billion in the same period. As CNBC’s Leslie Josephs notes, trans-Pacific flights tend to be a particularly profitable part of the industry, and both airlines are adding new routes.
4. International brew
Lavazza Coffee on display at a golf tournament in Aventura, Florida, last February.
Dylan Rives | CNBC
Italian coffee giant Lavazza is launching its espresso tablets in the U.S. The tabs, known as Tablì, are made of compressed ground coffee and can only be used with a Lavazza Tablì coffee machine.
As CNBC’s Amelia Lucas notes, Lavazza’s entry to the U.S. market could threaten Keurig Dr Pepper‘s leadership in the single-serve coffee category. Lavazza said its North American revenue jumped nearly 27% last year, but it still has a long way to go before it catches up to Keurig.
Lavazza CEO Antonio Baravalle told CNBC that the company is hoping sustainability is still priority for many coffee drinkers. Its Tablì are made without any coating, binder or gelatin.
5. A-twenty-more?
Moviegoers enter the AMC Atlantic Times Square 14 movie theater to watch “Dead to Rights”, a film depicting the 1937 Nanjing Massacre, on August 14, 2025 in Los Angeles, California.
Qian Weizhong | Visual China Group | Getty Images
“Backrooms,” a low-budget horror film directed by a YouTube creator, is a breakout hit. Hollywood is now wondering how to replicate its success.
The film has become the highest-grossing domestic flick ever for A24, and it did so without utilizing the industry’s current playbook for filmmaking which focuses on sequels and intellectual property.
Still, “Backrooms” producer Peter Chernin told CNBC that studios shouldn’t race to sign YouTube creators. “It’s no different than making sequels. It’s jumping on an existing bandwagon,” he said.
The Daily Dividend
Here’s what we’re monitoring this week:
- Monday: Apple’s Worldwide Developers Conference
- Wednesday: Oracle earnings (after the bell); May consumer price index reading
- Thursday: Adobe earnings (after the bell); May producer price index reading
- Friday: June consumer sentiment reading
— CNBC’s Garrett Downs, Lim Hui Jie, Joseph Wilkins, Chloe Taylor, Tanaya Macheel, Justina Lee, Sean Conlon, Fred Imbert, Jeff Cox, Leslie Josephs, Amelia Lucas, Julia Boorstin and Stephen Desaulniers contributed to this report.
CJ Haddad assisted in the production of this newsletter. Josephine Rozzelle edited this edition.
Correction: Peter Carter is the president of Delta. A previous version of this newsletter misstated his role.
