U.S.-Iran deal, the first trillionaire, JetBlue's Florida plans and more in Morning Squawk

In a significant turn of events, President Donald Trump announced late Sunday that the U.S. and Iran have reached a groundbreaking agreement to end hostilities, with the Strait of Hormuz set to reopen this Friday. The details of this historic deal, which will be signed in Switzerland, have not yet been made public. Following this announcement, oil prices fell below $80 for the first time since March, as the prospect of lifting the U.S. naval blockade on Iranian ports looms. This vital waterway is crucial as it previously accounted for about 20% of the global oil supply. In the stock market, futures surged, with Dow Jones Industrial Average futures climbing nearly 500 points ahead of the opening bell. This bullish trend follows a strong week for all major averages, signaling investor optimism. On a different front, SpaceX shares made a remarkable debut, surging over 19% and pushing Elon Musk's aerospace firm past a $2 trillion market cap. The stock opened at $150, reflecting an 11% increase from its IPO price of $135, although it fell short of earlier expectations. In the realm of artificial intelligence, Anthropic announced on Friday that it has temporarily halted access to its newly launched Fable 5 and Mythos 5 models. This decision was made in response to a government directive citing national security concerns. The company emphasized that the suspension applies to all users, including foreign nationals, to comply with the directive received just the previous evening. This move follows initial excitement over Mythos' advanced cybersecurity features, which were previously highlighted by the company as a reason for public release. Meanwhile, Meta CEO Mark Zuckerberg faces mounting pressure to showcase the financial viability of the company's AI initiatives, following his appointment of Alexandr Wang to revitalize these efforts. As Meta dives into proprietary foundation models, it finds itself trailing behind competitors like Anthropic, OpenAI, and Google. The company’s stock has underperformed significantly, declining 18% over the past year. Lastly, JetBlue is not resting on its laurels as it continues to dominate the Fort Lauderdale, Florida market with a 36% share by capacity. Following the collapse of Spirit Airlines, JetBlue is poised to enhance its presence further, expanding both international routes and premium offerings at Fort Lauderdale-Hollywood International Airport, which JetBlue President Marty St. George refers to as a key asset for the airline.