The Fed decision, JetBlue's Florida plans, Intel's Apple partnership and more in Morning Squawk

In a bustling Thursday across major U.S. cities, the New York Knicks are set to celebrate their NBA championship with a grand ticker-tape parade, while Chicago gears up for the star-studded opening of the Obama Presidential Center. As markets open, stock futures are trending higher following yesterday's downturn, prompting investors to stay alert. The Federal Reserve announced it would maintain interest rates in the range of 3.5%-3.75%, a move that was widely anticipated. However, the real headline was Kevin Warsh’s debut as chairman, which has captured the attention of market analysts. In international news, a memorandum of understanding (MOU) was signed by President Donald Trump alongside Iranian President Masoud Pezeshkian, just days after similar discussions took place between Vice President JD Vance and the Iranian Parliamentary Speaker. This 14-point MOU aims to foster a permanent peace agreement, including the reopening of the Strait of Hormuz toll-free for at least the next 60 days and addressing the disposal of Iran's highly-enriched uranium. Meanwhile, at the G7 summit, a push for a U.S.-led coalition focused on artificial intelligence was made by leaders from Anthropic and Google DeepMind. Dario Amodei and Demis Hassabis emphasized the need for collaboration among tech executives and government officials to mitigate risks associated with AI technology. On the aviation front, JetBlue is adjusting its operations, planning to downsize its presence in the New York City area to bolster its expansion in Fort Lauderdale, Florida. This includes closing tech operations at Newark and LaGuardia airports and discontinuing seasonal routes from Newark to Los Angeles and Las Vegas. In Florida, the demand for commercial real estate is surging, particularly on the 'space coast' where private aerospace companies like SpaceX and Blue Origin are thriving. Developers are responding by building luxury hotels to cater to visitors drawn by space launches. In tech news, Intel shares saw a 9% rise in premarket trading after an announcement of a new partnership with Apple for chip design and manufacturing in the U.S. This partnership follows a significant investment from the U.S. government in Intel, which has recently experienced a remarkable recovery from previous struggles. Conversely, SpaceX faced its first day of losses after a record IPO, with its stock down nearly 5% on Wednesday and continuing to dip in premarket trading. In the political arena, Democrats are setting their sights on the upcoming North Carolina Senate race, with former Governor Roy Cooper seen as a strong contender to flip a Republican-held seat. However, historical voting patterns in the state could present challenges for the Democrats as they aim to regain control of the Senate. Stay tuned for more updates on these pivotal stories as they unfold.