U.S. strikes Iran, SpaceX's unique IPO, Kalshi's insider trading fight and more in Morning Squawk

Good morning! As markets prepare to open, several major developments are shaping investor sentiment. Key consumer inflation data is set to be released at 8:30 a.m. ET, with forecasts indicating a possible return to over 4% annual price growth for the first time since 2023. Following a mixed trading day on Wall Street, stock futures are trending downwards. Tensions are escalating as President Donald Trump declared on Truth Social that Iran "will have to pay the price" for delays in negotiations, coinciding with the U.S. conducting what it termed "self-defense strikes" against Iran. This geopolitical development adds uncertainty to the markets. In the realm of cryptocurrency, the Trump family is reportedly entitled to around $500 million from a crypto deal last year. However, investors in Alt5 Sigma, now rebranded as AI Financial Corp., have seen their shares plummet by over 90%. The company has warned that it may struggle to remain operational, facing potential delisting from Nasdaq if it stays within penny-stock territory. Calls are increasing for the SEC to investigate the disclosures surrounding the Trump family's involvement, although the White House denies any conflicts of interest. Meanwhile, SpaceX is making headlines with a distinctive approach to its upcoming IPO. The company is expected to set a fixed price for its shares, diverging from the traditional pricing model that fluctuates based on demand. Additionally, SpaceX plans to allocate 30% of its shares to retail investors, significantly higher than the usual 5% to 10%. As the company prepares to finalize its share allocations today, over 100 current and former employees are collaborating with a Chicago-based investment advisor, Choreo, to manage their assets post-IPO. In artificial intelligence news, Anthropic has unveiled its latest model, Claude Fable 5, which boasts advanced safeguards to mitigate risks in sensitive fields such as cybersecurity and biology. This release follows the private rollout of its previous model, Mythos, and signals Anthropic's ambition to scale its cutting-edge technology for enterprise clients. Kalshi, a prediction market platform, is taking proactive steps against insider trading by requiring traders to disclose employment information and introducing an enhanced whistleblower feature. The platform will also assign a "risk score" to markets prone to manipulation, with verification requirements for traders if scores exceed certain thresholds. Kalshi recently announced it surpassed $1 billion in volume for perpetual futures shortly after launching the offering, marking a successful rollout. Lastly, FIFA President Gianni Infantino discussed World Cup preparations with CNBC, emphasizing record demand despite consumer concerns about ticket pricing. Stay tuned for more updates as the trading day unfolds!