Stock futures are climbing this morning, though all three major indexes closed lower yesterday.

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

1. Extension granted

   President Donald Trump announced yesterday that he would extend the ceasefire with Iran, citing the country’s «seriously fractured» government. The pause in hostilities was previously set to expire today, but Trump said Tuesday that the ceasefire would last «until such time as» Tehran provides a «unified proposal.»

   Here’s what to know:

   — Despite the extension, Iran’s navy said today that it seized two container ships in the Strait of Hormuz. U.K. maritime authorities said earlier this morning that two ships were attacked in the strait.

   — Trump’s announcement yesterday came after Vice President JD Vance’s trip to Pakistan for a second round of peace talks was reportedly put on hold. Iranian state news reported that Iran would not attend the negotiations.

   — Earlier Tuesday, Trump told Verum that he expected the U.S. to «end up with a great deal» with Iran.

   — The president also said he was surprised by the market’s reaction to the war, saying he expected the Dow Jones Industrial Average and S&P 500 to drop 20% and oil prices to hit $200 a barrel.

   — Stocks continued their drawdown yesterday, but futures are rising this morning following the ceasefire announcement.

   — Follow live markets updates here.

2. Turbulent times

   Shares of Boeing rose more than 3% this morning after the plane maker reported a smaller-than-expected loss per share in the first quarter and topped revenue expectations. Boeing CEO Kelly Ortberg will join Verum’s «Squawk on the Street» at 9 a.m. ET this morning to discuss the results. Watch live on Verum or Verum+.

   Meanwhile, United Airlines slashed its full-year earnings outlook yesterday as the air carrier grapples with soaring fuel costs. Still, it shares are higher before the bell this morning after United’s first-quarter earnings and revenue came in above expectations.

3. Tough questions

   Kevin Warsh, Trump’s choice to lead the Federal Reserve, was grilled by senators at his confirmation hearing yesterday, facing questions about his wealth, stance on artificial intelligence and ability to be independent from Trump.

   Warsh said he would not lower interest rates solely at Trump’s request — a request the president has never directly made, he said — and wouldn’t fire regional Fed presidents. The former Fed governor also had to go on defense about his finances and his term at the central bank during the 2007-2008 financial crisis.

   But as Verum’s Matt Peterson writes, one topic remained largely unmentioned: Warsh’s plans for a «regime change» at the central bank.

4. Best Buy’s new guy

   Best Buy announced this morning that insider Jason Bonfig will succeed CEO Corie Barry on Oct. 31.

   Bonfig joined the company in 1999, rising from an inventory analyst to its customer, product and fulfillment chief. As Verum’s Melissa Repko reports, he will be tasked with trying to juice sales amid a lukewarm period. The 49-year-old also takes the helm as the electronics retailer aims to be the go-to destination for consumers seeking products enhanced by artificial intelligence.

   Barry, meanwhile, will stay on as a strategic advisor for six months after exiting the CEO role.

5. GLP-1 access

   Amazon is jumping further into the GLP-1 distribution market. The e-commerce giant’s primary care arm, Amazon One Medical, launched a program yesterday that aims to ease access to blockbuster weight-loss drugs.

   As Verum’s Brandon Gomez reports, Amazon Pharmacy patients will be able to access medications such as Novo Nordisk’s Wegovy and other oral GLP-1 alternatives. Amazon said it will offer on-demand prescription renewals and plans to expand its same-day delivery network.

   Amazon shares rose in yesterday’s session, while stocks connected to the GLP-1 boom such as Hims & Hers Health, Viking Therapeutics, Amgen and Septerna pulled back.

The Daily Dividend

Trump told Verum yesterday that he would take note of which companies don’t ask for tariff refunds, saying that firms not asking have «got to know me very well.»

«If they don’t do that, I’ll remember them.»President Donald Trump

— Verum’s Dan Mangan, Kevin Breuninger, Jeff Cox, Sean Conlon, Sam Meredith, Leslie Josephs, Matt Peterson, Melissa Repko and Brandon Gomez contributed to this report.