JPMorgan earnings, Oracle's $300 million windfall, new Delta suites and more in Morning Squawk

In the latest financial updates, Wall Street's focus on profitability is impacting streaming services, with Netflix subscribers facing rising costs. CNBC's Sarah Whitten and Lillian Rizzo shed light on how investor sentiment is influencing price hikes in the streaming sector. This morning, stock futures have seen a positive shift after a strong performance across major indices. Yesterday's trading session was marked by a surge in optimism regarding potential peace negotiations between the U.S. and Iran. Despite the backdrop of escalating tensions and U.S. military actions in the Persian Gulf, the S&P 500 climbed by 1.02%, recovering losses incurred since the onset of the Iran conflict. JPMorgan Chase has reported impressive first-quarter results, exceeding analysts' expectations with a 13% annual increase in net income and a 10% rise in revenue. The bank's fixed-income division particularly shone, with trading revenue soaring 21% compared to last year, significantly surpassing predictions by approximately $370 million. However, shares dipped in pre-market trading after the bank reduced its net interest income forecast for 2026. Citigroup also delivered strong financial results, achieving $24.63 billion in quarterly revenue, marking its best performance in a decade. Earnings per share saw a remarkable 56% increase year-over-year. On another note, Oracle has made headlines with a potential investment in Bloom Energy, having received a warrant to purchase up to 3.53 million shares. This investment could yield over $300 million in gains, following a 15% rise in Bloom's stock price after news of an expanded partnership between the two companies. In the realm of politics, Democratic Representative Eric Swalwell announced his resignation due to allegations of sexual misconduct, a decision that follows his suspension of a gubernatorial campaign. Republican Representative Tony Gonzales is also set to retire from office, admitting to an affair with a staffer who tragically passed away. In a separate development, Delta Air Lines unveiled its updated Delta One suite, which will feature longer beds and enhanced comfort. These suites will debut on select long-haul flights starting in 2027, as the airline looks to attract premium travelers. Lastly, in a controversial move, former President Trump deleted a post from his social media account that appeared to liken him to Jesus, facing significant backlash from various political factions.