Israel launching what it called pre-emptive air strikes against nuclear and military targets across Iran overnight – and Iran launching a wave of drones in retaliation: Carl Quintanilla, David Faber, and Sara Eisen broke down the latest out of Washington as world leaders respond along with global markets.  

To start: Allianz Chief Economic Advisor Mohamed El-Erian with his take on what it means for safe havens like gold… And whether there’s pain ahead for the S&P. Plus: energy expert Paul Sankey discussed the impact for crude prices… Before former Trump NSA Advisor H.R. McMaster joined Post 9 with more on what comes next in geopolitics – after saying in January there was a “100%” chance that Israel would target Iran’s nuclear infrastructure. Plus: Former Dallas Fed President Richard Fisher ended the hour talking the impact of all these developments on the Fed – as he warns today’s Consumer Confidence spike could be a one-off.  

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Carl Quintanilla, David Faber and Sara Eisen covered all of the bases on market reaction to Israel's air strikes on Iran's nuclear facilities. Global equities in sell-off mode, while crude oil prices and defense stocks surged. Also in the mix: President Trump's reaction to the attacks. Former White House Middle East policy director Ambassador Marc Ginsberg appeared on the program with his geopolitical perspective. Citi U.S. Equity Strategist Scott Chronert joined the anchors at Post 9 discuss to what's ahead for the markets in light of Middle East tensions. Also in focus: Adobe slides, RH soars, Chime joins the Post-IPO rally club, A live report from India on the Boeing 787 Dreamliner crash.

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Treasury Secy. Bessent testifying on Capitol Hill for a 2nd day, this time before the Senate Finance Committee: Carl Quintanilla, Sara Eisen, and David Faber got the biggest headlines this hour and discussed what it all means for stocks alongside this morning’s fresh inflation and jobless claims data. Evercore Chairman Roger Altman joined the team with his read from the ground – and why he thinks we’re at “the beginning of a slowdown”… Also not mincing words when it comes to the President’s Big Beautiful Bill and its impact. Plus: the latest on an Air India Boeing 787 flight that crashed after take-off overnight, with over 200 casualties. 

Other top stories: IPO markets beginning to heat back up as Chime becomes the latest name to go public; David caught up with their CEO ahead of the first trade and broke the latest indications this hour… The road ahead for autos with one former Tesla President, current GM board member – as the latter name makes a new multi-billion dollar bet on American manufacturing… And a breakdown of the results sending Oracle shares to new all-time highs. 

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Carl Quintanilla, David Faber and Sara Eisen led off the show with tragic news: An Air India plane bound for London crashed shortly after takeoff from an airport in Western India. The aircraft was a Boeing 787 Dreamliner. News of the crash sent shares of the Dow component and jet engine maker GE Aerospace down sharply. As for inflation, the May Producer Price Index came in cooler than expected. IPO Watch: David interviewed the CEO of fintech firm Chime ahead of its public debut on Thursday. The startup hoping to join the ranks of companies who have seen their stocks soar since going public this year. Also in focus: The dollar hits new lows for 2025, President Trump's new trade message, Oracle surges, what Nvidia CEO Jensen Huang told CNBC about the U.S. imposing AI chip restrictions on China.

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A big morning for trade as Treasury Secretary Bessent testifies on Capitol Hill following U.S.-China trade talks in London: Carl Quintanilla, Sara Eisen, and David Faber got the biggest headlines this hour and discussed what it all means for stocks alongside this morning’s better-than-expected consumer inflation print. Goldman Sachs’ Chief U.S. Economist joined the team with his take on the Fed’s next steps here – as rate cut odds rise, and yields fall… Plus: an AI boom or bust? A quick check on the AI trade, and who’s winning the growing arms race – with Meta’s new $14B stake in Scale AI a key focus (along with a new lawsuit out of Disney and NBCUniversal accusing AI image generator ‘Midjourney’ of copyright infringement). 

Other top stories: Voyager Technologies going public at the New York Stock Exchange – hear from the CEO of what some are calling “the Berkshire Hathaway of Space” ahead of the first trade; Elon Musk walking back his feud with President Trump – what it means for shares; and a first look at CNBC’s 2025 Top States For Business.

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Carl Quintanilla, Jim Cramer and David Faber discussed the U.S.-China trade talks and what to make of President Trump posting on social media that "OUR DEAL WITH 

CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME." The anchors also reacted to May CPI inflation data that sent stocks higher and 

bond yields sharply lower. Also in focus: Elon Musk regrets "some of my posts about President Trump last week," Tesla's robotaxi push, Open AI CEO Sam Altman's blog post 

about AI's future, sources say Meta to invest $14.3 billion in startup Scale AI, General Motors to invest $4 billion in U.S. production, Nvidia shares moving closer to record highs.

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Cramer details the potential downside for this tech giant. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake 

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Sara Eisen, Carl Quintanilla, and David Faber discussed the latest on the markets front as trade talk optimism grows – alongside optimism out of small businesses. What the morning’s earnings are saying about the consumer, along with a break-out of new NFIB data… Plus: Goldman’s Chief U.S. Equity Strategist joined the team with his advice on how to navigate the volatility – and why he expects data to “soften” over the coming months. 

Also in focus: a number of individual stock stories this AM… Hear Disney CEO Bob Iger’s thoughts on how they plan to win the streaming wars, following finalized terms to buy out Comcast’s stake in Hulu; The fallout for pharma after RFK Jr. ousted every member of the CDC’s vaccine advisory committee; What to do with Apple shares following a lackluster WWDC presentation; And a deep-dive on a rare double-downgrade to sell of McDonalds.  

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Carl Quintanilla, Jim Cramer and David Faber discussed the markets paying close attention to developments in London, where the U.S. and China

began a second day of trade talks. Disney CEO Bob Iger joined the program exclusively to discuss the company agreeing to pay Comcast an additional 

$439 million dollars for its stake in Hulu, giving Disney complete control of the streaming service. Also in focus: Apple WWDC underwhelms Wall Street, 

Meta CEO Mark Zuckerberg reportedly hiring to set up a new AI team, Cramer explores stocks taking on "meme" characteristics, McDonald's downgraded again.

Disclosure: Comcast is the parent of NBCUniversal, of which CNBC is a unit.

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Cramer says only serious investors should buy into this energy stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake 

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