5 things to know before the stock market opens Monday

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Here are five key things investors need to know to start the trading day:

Federal Reserve Chair Jerome Powell hinted at the potential for interest rate cuts during his much-anticipated speech in Jackson Hole, Wyoming, on Friday. Investors liked what they heard.

What to know:

Stocks soared in Friday’s session, with the Dow Jones Industrial Average notching a new all-time high. Stock futures are down slightly this morning. Follow live market updates here.Fed funds futures are now pricing in a more than 85% likelihood that the central bank cuts rates at its next gathering in September, according to CME’s FedWatch tool. That’s up from less than 65% a month ago.Ether hit new all-time highs over the weekend for the first time since 2021, a sign investors are favoring risk-on investments like cryptocurrency.Wall Street is awaiting second-quarter earnings from Nvidia, the well-known chipmaker that’s been a face of the artificial intelligence trade. Those results are expected on Wednesday.

Uncle Sam has taken a stake in Intel.

The U.S. government now owns 10% of the embattled chipmaker, Commerce Secretary Howard Lutnick said Friday. The government purchased 433.3 million shares at $20.47 each — less than the current market price — according to an Intel press release.

The investment comes after CEO Lip-Bu Tan met with President Donald Trump in recent weeks, and it represents the Trump administration’s expanding role in the private sector. The government’s interest in Intel makes some sense: It’s the only U.S. company capable of making advanced chips domestically.

The latest merger and acquisition activity concerns your morning cup of coffee. Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s, the businesses said early Monday morning.

Word of the $18-billion deal sent shares of Keurig Dr Pepper — the owner of brands such as Dr Pepper, 7Up and Snapple — sliding more than 6% in Monday’s premarket. After the acquisition is complete, Keurig Dr Pepper plans to split its beverage and coffee arms into two separate companies.

Last week, CNBC exclusively learned that Meta will use its annual conference next month to unveil its smart glasses.

The company is expected to launch its first consumer-ready glasses, which will feature a digital display in the right lens, at its two-day Connect conference, according to two people familiar. The product has been internally codenamed Hypernova and will cost around $800. Meta will also unveil a wristband that allows users to control the glasses through hand gestures.

Could the latest recession indicator be a $6 gelato and espresso deal?

So-called “recession specials” — like that of Brooklyn coffee shop Clever Blend — have been spotted across the country, CNBC’s Lisa Kailai Han found. The U.S. is not technically in a recession, but the deals underscore the historically weak consumer sentiment levels reported in recent economic data.

— CNBC’s Jeff Cox, Tanaya Macheel, Kif Leswing, Ruxandra Iordache, Salvador Rodriguez, Lora Kolodny, Jonathan Vanian and Lisa Kailai Han contributed to this report.