Strait of Hormuz blockade, Goldman Sachs earnings, AI cybersecurity and more in Morning Squawk

Good morning and welcome to the latest edition of our financial briefing. This week, stock futures are trending downward, following a robust performance from all three major indexes last week, which marked one of their strongest weeks in recent months. In energy news, oil prices have surged sharply after President Donald Trump announced a blockade of the Strait of Hormuz. This decision comes on the heels of unsuccessful peace talks between U.S. and Iranian officials over the weekend in Pakistan, raising tensions in the region. On the corporate front, Goldman Sachs has kicked off a pivotal week for bank earnings by reporting first-quarter results that exceeded expectations on both revenue and profit. The bank's performance was bolstered by record results in equities trading and a robust investment banking sector. However, shares fell over 2% as the results from its fixed-income unit disappointed investors. Looking ahead, major players like JPMorgan Chase, Citigroup, and Wells Fargo will release their earnings reports tomorrow, followed by Bank of America and Morgan Stanley on Wednesday. In the realm of artificial intelligence, Anthropic is making headlines with the launch of its new Mythos model, which focuses on identifying cybersecurity vulnerabilities within software. This release has raised concerns among top financial officials, prompting Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent to meet with leaders from major U.S. banks to discuss potential cybersecurity risks associated with the new technology. Additionally, it’s noteworthy that Ineos, a burgeoning automotive startup, is making strides in the SUV market. The company plans to unveil impressive order numbers for its flagship model, as it aims for profitability and aims to expand its U.S. market presence significantly. CEO Lynn Calder expressed optimism about breaking even this year, a challenging goal for a startup in the auto industry. As we delve into earnings season, keep an eye on the reports that are set to shape market trends this week. Thank you for joining us as we navigate these critical developments.