The Google logo is displayed on a building at Google headquarters on Feb. 4, 2026 in Mountain View, California. <\/p>\n
Justin Sullivan | Getty Images<\/p>\n
Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.<\/p>\n
Alphabet has learned a new set of letters: D-O-W. The Google parent made its debut on the Dow Jones Industrial Average on Monday, helping send the blue-chip index above 52,000 and earning an A-grade showing from investors.<\/p>\n
Elsewhere, politics also are on the radar as the Supreme Court handed President Donald Trump a split scorecard on executive power, Iran talks remain stuck in a start-stop pattern. <\/p>\n
Read on!<\/p>\n
What you need to know today<\/p>\n The alphabet is one of the first things you learn as a child. But Alphabet, the company, will be the name that people learn when they now look at the Dow Jones Industrial Average.<\/a> <\/p>\n The Dow surged<\/a> beyond the 52,000 mark on Monday stateside as the company joined the 30-stock index. Alphabet jumped 4% on Monday as the company replaced\u00a0Verizon<\/a>.<\/p>\n However, history does seem to have some warnings for the new kid on the block. Recent Dow additions have also struggled after joining the index: Nvidia<\/a>,\u00a0Salesforce<\/a>\u00a0and\u00a0Apple<\/a>\u00a0all traded lower 60 days after entering the Dow. <\/p>\n Turning to the political front, the Supreme Court on Monday ruled that<\/a> U.S. President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now.<\/p>\n Last August, Trump had attempted to remove Cook from her position, claiming she committed mortgage fraud, which Cook adamantly denied.<\/p>\n However, the Court also expanded Trump’s presidential powers via a decision in a different case,\u00a0affirming Trump’s firing<\/a>\u00a0of Federal Trade Commission Commissioner Rebecca Slaughter.<\/p>\n Overseas, the start-stop pattern of the Iran war lingers, with the U.S. President saying that fresh talks<\/a> will take place in Qatar, after the U.S. and Iran exchanged a series of strikes over the weekend that threatened to derail negotiations aimed at ending the conflict.<\/p>\n Oil prices were little changed, with U.S. West Texas Intermediate<\/a> futures slipping to $70.16 a barrel and international benchmark Brent was up marginally at $73.15. <\/p>\n The mild reaction was met with warnings from strategists<\/a>, who said this may reflect an overly optimistic stance from markets, which are underestimating the scale of persistent supply-side challenges.<\/p>\n In Asia today, investors will focus on key manufacturing activity coming out of China, with purchasing managers index numbers for June released later today. <\/p>\n And finally…<\/p>\n Trump bought as much as $5 million in Axon stock before ICE sought $220 million Taser deal<\/a><\/p>\n President\u00a0Donald Trump<\/a>\u00a0bought as much as $5 million in shares of\u00a0Axon Enterprise<\/a>\u00a0\u2014 maker of\u00a0Tasers<\/a>,\u00a0body cameras<\/a>\u00a0and policing software \u2014 two weeks before\u00a0Immigration and Customs Enforcement<\/a>\u00a0sought a five-year, $220 million\u00a0contract<\/a>\u00a0that experts told CNBC appeared tailored to the company’s weapons.<\/p>\n On Feb. 10, Trump purchased between $1 million and $5 million worth of Axon stock, according to federal disclosures he filed in May. On Feb. 24, ICE posted a\u00a0notice<\/a>\u00a0seeking roughly 17,800 new Tasers, along with unlimited cartridges and training.<\/p>\n The White House has said that Trump’s assets are held in a\u00a0trust managed by his children<\/a>\u00a0and that Trump’s investments are managed by\u00a0independent third-party firms<\/a>, not Trump or his family.<\/p>\n “There are no conflicts of interest,” spokesperson Anna Kelly told CNBC, calling the scrutiny a “tired narrative” pushed by Democrats.<\/p>\n \u2014 Luke Fountain<\/p>\n