Oil prices, PepsiCo earnings, SpaceX's rough ride and more in Morning Squawk

In today's financial landscape, investors are greeted with mixed signals as S&P 500 futures show an uptick following a downturn. This comes amidst ongoing tensions related to President Donald Trump's remarks regarding U.S.-Iran relations, which have left the market somewhat unsettled. Trump expressed uncertainty about negotiating a deal with Tehran just hours before the U.S. conducted more military strikes, setting a tense stage for trading. In a significant development for the tech sector, OpenAI is set to unveil its latest GPT-5.6 models today. This announcement comes after a two-week pause in the rollout due to government requests for limited access. The release will allow a broader audience to engage with the new models, following prior restrictions that confined access to select organizations known to the government. OpenAI's CEO, Sam Altman, will discuss the launch on CNBC's "Squawk on the Street" at 10 a.m. ET. Investors should note that Levi Strauss shares have dipped over 4% in pre-market trading despite the company reporting stronger-than-expected second-quarter results. CEO Michelle Gass reassured investors that demand remains robust, with significant sales growth driven by unit sales rather than price increases. Meanwhile, PepsiCo's latest quarterly figures reveal a mixed performance, with ongoing challenges in North America but international markets providing a buffer. CEO Ramon Laguarta will also be featured on CNBC's "Squawk on the Street" at 9:30 a.m. ET, offering insights into the company's strategy. In legal news, a New York federal appeals court denied Trump’s efforts to block E. Jean Carroll from receiving over $5 million awarded by a jury for sexual abuse and defamation claims. The court's decision follows a federal judge's ruling to grant Carroll’s request for the funds, which will now accrue interest. On the corporate front, SpaceX saw its stock price struggle again, closing below its initial trading price for the second consecutive day. Despite optimistic evaluations from analysts, the stock has not performed as expected since its inclusion in the Nasdaq-100. The company is part of a competitive race to develop orbital data centers, alongside major players like Broadcom, AMD, and Nvidia. Finally, reports have emerged regarding Blue Origin's successful initial funding round, signaling continued interest and investment in space exploration and technology. As these stories unfold, investors are encouraged to stay alert and informed about the market's evolving landscape.