Football fans gather at the FIFA Fan Festival to watch the 2026 FIFA World Cup Group D opening match between the United States and Paraguay on giant screens in Boston on June 12, 2026.<\/p>\n
Anadolu | Anadolu | 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
The U.S. celebrated its 250th anniversary on Saturday with fireworks, a massive event on the National Mall, and a campaign-style speech by President Donald Trump. <\/p>\n
For investors coming back from the weekend, drama is not only on the pitch \u2014 it is showing up across prediction markets, oil and Wall Street’s heightened risk appetite.<\/p>\n
What you need to know today<\/p>\n The 2026 World Cup continues to deliver one surprise after another.<\/p>\n The beautiful game has seen its share of upsets on the field, but there is no lack of drama off the field, with U.S. President Donald Trump reportedly intervening<\/a> to overturn a national player’s suspension for a red card.<\/p>\n The red card to U.S. striker Folarin Balogun<\/a> resulted in an immediate one-game suspension without appeal, but FIFA said on Sunday<\/a> it would allow him to play in the next game, a move not seen in over 60 years.\u00a0<\/p>\n Multiple media outlets reported that Trump called FIFA President Gianni Infantino and asked him to review Balogun’s suspension.<\/p>\n In fans minds, that might be a red card in its own right.<\/p>\n Prediction markets<\/a>, meanwhile, are riding the football frenzy with massive trading volumes in June. Kalshi\u00a0saw more than $31 billion in notional volume during the month, an over 70% increase from May’s total of\u00a0$17.9 billion<\/a>.<\/p>\n The platform has consistently managed volumes of over $1 billion daily since the soccer tournament began on June 11.\u00a0<\/p>\n Polymarket’s<\/a>\u00a0international event contract exchange set a new high in monthly volume, with notional trading surpassing $10.8 billion in June. That reverses\u00a0a slide<\/a>\u00a0in April and May.\u00a0<\/p>\n While prediction markets are having a field day, U.S. equity markets are not far behind even as there’s a rotation out of high-flying AI names.\u00a0Stock futures\u00a0<\/a>were all in positive territory, extending weekly gains last week before the Independence Day holiday. Asia-Pacific markets, however, were trading mixed Monday.<\/p>\n Outside of the U.S., the Iran conflict seems to be notably deescalating, with the\u00a0U.K.<\/a>\u00a0and\u00a0France<\/a>\u00a0agreeing to\u00a0work with Oman<\/a>\u00a0to ensure the Gulf country’s territorial waters are safe for navigation. Oman also borders the Strait of Hormuz.<\/p>\n The move, alongside\u00a0OPEC+’s decision to increase oil production<\/a>\u00a0by 188,000 barrels per day, sent oil prices down on Monday, with U.S.\u00a0West Texas Intermediate<\/a>\u00a0futures lower by 0.26% to $68.49 and international benchmark\u00a0Brent<\/a>\u00a0down 0.36% at $71.86.<\/p>\n \u2014 Lim Hui Jie<\/p>\n And finally…<\/p>\n Trump gives campaign-style July 4 speech on National Mall for U.S. 250th anniversary<\/a><\/p>\n