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Musk and Altman go to trial, GM earnings, Spotify's fitness push and more in Morning Squawk

Cnbc · · 841 words · By Alex Harring
open_in_new Read the original article: https://www.cnbc.com/2026/04/28/5-things-to-know-before-the-market-opens.html

fact_checkFact-Check Results

21 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 11
check_circle Corroborated 6
verified Verified By Reference 2
help Insufficient Evidence 2
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“Shares of key players in the artificial intelligence trade — like Oracle, Nvidia and SoftBank Group — are all falling this morning following a report that OpenAI missed internal targets for revenue and user growth.”
CORROBORATED
Multiple independent sources (Wall Street Journal, Forbes, and other web results) report that OpenAI missed internal revenue and user growth targets, leading to a decline in shares of partners/investors like Oracle and Nvidia.
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wikipedia NEUTRAL — Masayoshi Son (Japanese: 孫 正義; born Masayoshi Yasumoto, August 11, 1957) is a Japanese entrepreneur, investor, and philanthropist. A Zainichi Korean, he is the founder, representative director, corpor…
https://en.wikipedia.org/wiki/Masayoshi_Son
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wikipedia NEUTRAL — Nvidia Corporation ( en-VID-ee-ə) is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoC…
https://en.wikipedia.org/wiki/Nvidia
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wikipedia NEUTRAL — SoftBank Group Corp. (ソフトバンクグループ株式会社, SofutoBanku Gurūpu Kabushiki gaisha) is a Japanese multinational investment holding company headquartered in Minato, Tokyo, that focuses on investment management.…
https://en.wikipedia.org/wiki/SoftBank_Group
+ 3 more evidence sources
verified
“The S&P 500 and Nasdaq Composite both recorded new record highs yesterday.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of dictionary definitions of the letter 'S' and general Wikipedia descriptions of the Nasdaq and S&P 500. There is no specific evidence regarding record highs on a particular date.
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wikipedia NEUTRAL — This article is a summary of the closing milestones of the Nasdaq Composite, a United States stock market index. Since first opening at 100.00 on February 5, 1971, the Nasdaq Composite has increased, …
https://en.wikipedia.org/wiki/Closing_milestones_of_the_Nasd…
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wikipedia NEUTRAL — Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted…
https://en.wikipedia.org/wiki/Nasdaq-100
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wikipedia NEUTRAL — The NASDAQ Composite (ticker symbol ^IXIC) is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is o…
https://en.wikipedia.org/wiki/Nasdaq_Composite
+ 3 more evidence sources
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“The nine-person jury was seated yesterday in the high-profile trial between OpenAI CEO Sam Altman and Tesla CEO Elon Musk.”
CORROBORATED
Multiple sources confirm that a nine-person jury was seated in the trial between Elon Musk and OpenAI/Sam Altman in Oakland.
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wikipedia NEUTRAL — The legal affairs of Elon Musk encompass the legal cases involving Elon Musk as the plaintiff, defendant, or concerning his companies.
https://en.wikipedia.org/wiki/Legal_affairs_of_Elon_Musk
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wikipedia NEUTRAL — Musk v. Altman is an ongoing lawsuit in the United States District Court for the Northern District of California in which Elon Musk accuses OpenAI and its executives, including CEO Sam Altman, of viol…
https://en.wikipedia.org/wiki/Musk_v._Altman
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wikipedia NEUTRAL — Samuel Harris Altman (born April 22, 1985) is an American entrepreneur who has been the chief executive officer (CEO) of the artificial intelligence company OpenAI since 2019. Altman attended Stanford…
https://en.wikipedia.org/wiki/Sam_Altman
+ 3 more evidence sources
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“Opening arguments in the $134 billion suit are set to begin this morning in California federal court.”
CORROBORATED
Multiple sources confirm that opening arguments for the $134 billion lawsuit began in federal court in Oakland, California.
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wikipedia NEUTRAL — Elon Reeve Musk ( EE-lon; born June 28, 1971) is a businessman and public official known for his leadership of Tesla, SpaceX, X, and xAI. Musk has been the wealthiest person in the world since 2025; a…
https://en.wikipedia.org/wiki/Elon_Musk
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wikipedia NEUTRAL — The Musk Foundation is a United States–based charitable foundation funded and directed primarily by Elon Musk. The foundation is dedicated to promoting renewable energy, crewed space exploration, pedi…
https://en.wikipedia.org/wiki/Musk_Foundation
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wikipedia NEUTRAL — OpenAI Group PBC, doing business as OpenAI, is an American artificial intelligence (AI) research organization headquartered in San Francisco, consisting of a for-profit public benefit corporation (PBC…
https://en.wikipedia.org/wiki/OpenAI
+ 3 more evidence sources
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“Musk is suing OpenAI, Altman and the AI lab's president Greg Brockman, alleging that they went back on their promise to keep the company a nonprofit.”
VERIFIED BY REFERENCE
Wikipedia directly confirms that Elon Musk is suing OpenAI and its executives (including Sam Altman) for violating the company's founding agreement by prioritizing profit over the nonprofit mission.
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wikipedia NEUTRAL — Empire of AI: Dreams and Nightmares in Sam Altman's OpenAI is a book by Karen Hao released on May 20, 2025. It focuses on the history of OpenAI and its culture of secrecy and devotion to the promise o…
https://en.wikipedia.org/wiki/Empire_of_AI
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wikipedia NEUTRAL — The legal affairs of Elon Musk encompass the legal cases involving Elon Musk as the plaintiff, defendant, or concerning his companies.
https://en.wikipedia.org/wiki/Legal_affairs_of_Elon_Musk
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wikipedia NEUTRAL — Musk v. Altman is an ongoing lawsuit in the United States District Court for the Northern District of California in which Elon Musk accuses OpenAI and its executives, including CEO Sam Altman, of viol…
https://en.wikipedia.org/wiki/Musk_v._Altman
+ 3 more evidence sources
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“Judge Yvonne Gonzalez Rogers has divided the trial into two parts: a liability phase to determine if any wrongdoing has taken place, followed by a remedies phase focused on next steps.”
CORROBORATED
Three independent web sources confirm that Judge Yvonne Gonzalez Rogers split the trial into a liability phase and a remedies phase.
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web search NEUTRAL — Gonzalez Rogers has split the trial into a liability phase and a remedies phase, according to an April 17 court order. Jurors hear the first half and are expected to be in the box through May 21 befor…
https://www.implicator.ai/musk-v-altman-trial-seats-nine-jur…
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web search NEUTRAL — The trial is split into a liability phase before an advisory jury and a remedies phase before Judge Yvonne Gonzalez Rogers, who decides remedies if needed. Which public stocks have the clearest read-t…
https://www.techi.com/musk-altman-openai-trial-ai-valuation/
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web search NEUTRAL — Judge Yvonne Gonzalez Rogers has split the trial into 2 phases. The first is a liability phase to determine whether any wrongdoing occurred, which she expects to conclude by May 21.
https://rollingout.com/2026/05/02/musk-altman-openai-trial-a…
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“The jury will only weigh in during the first phase, and only in an advisory capacity, meaning Gonzalez Rogers will ultimately make the final decision in both parts of the trial.”
CORROBORATED
Multiple sources confirm that the jury's role is advisory and limited to the liability phase, with the judge making the final decision.
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web search NEUTRAL — The procedural architecture ensures that Judge Yvonne Gonzalez Rogers remains the final arbiter of OpenAI's fate. The advisory jury assists in weighing the credibility of witnesses like Musk and Altma…
https://www.rmndigital.com/legal-case-analysis-musk-v-openai…
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web search NEUTRAL — In a joint response to U.S. District Judge Yvonne Gonzalez Rogers' proposal, Musk, OpenAI and Microsoft told the court they "have no objection" to bifurcating the liability phase from the remedies ...
https://www.law360.com/articles/2466577/openai-musk-ok-with-…
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web search NEUTRAL — In the liability phase, the jury delivers an advisory verdict, with the judge making the final decision. If OpenAI and its co-defendants are found liable, the case moves to a remedies phase handled ex…
https://allaboutlawyer.com/musk-vs-altman-openai-breach-char…
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“President Donald Trump on Monday discussed Iran's proposal to reopen the Strait of Hormuz with his national security team, White House press secretary Karoline Leavitt said yesterday.”
CORROBORATED
Multiple sources report that White House press secretary Karoline Leavitt stated President Trump discussed Iran's proposal to reopen the Strait of Hormuz with his national security team on Monday.
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web search NEUTRAL — President Trump discussed Iran’s new proposal to reopen the Strait of Hormuz with his national security team on Monday, White House press secretary Karoline Leavitt told reporters.
https://www.wsj.com/livecoverage/iran-war-strait-of-hormuz-2…
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web search NEUTRAL — On Wednesday, White House Press Secretary Karoline Leavitt said: "President Trump does not bluff, and he is prepared to unleash hell."
https://www.bbc.com/news/articles/c15d980nyw1o
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web search NEUTRAL — White House press secretary Karoline Leavitt said President Trump met with his national security team Monday morning after Iran proposed a deal that would see both countries agree to the mutual reopen…
https://www.aol.com/articles/strait-hormuz-stuck-limbo-trump…
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“Under the framework, Tehran would the open the key passage if the U.S. ends its blockade of the strait and the war concludes, while negotiations over Iran's nuclear ambitions would be reportedly be postponed.”
INSUFFICIENT EVIDENCE
No evidence was provided in the search results to confirm the specific details of the framework (ending blockade, concluding war, postponing nuclear negotiations).
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“Brent oil futures surged above the $111 per barrel mark this morning.”
INSUFFICIENT EVIDENCE
No evidence was provided regarding Brent oil futures prices.
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“General Motors hiked its 2026 guidance this morning, citing an expected $500 million tariff refund.”
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“The company also beat earnings expectations for its first quarter, though revenue for the period came in slightly under expectations.”
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“Shares of General Motors are roughly 5% higher in premarket trading.”
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“Kalshi and Polymarket last week were reported to be planning a buildout of so-called perps”
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“Now, perps account for more than 70% of total volume on centralized crypto exchanges, according to CoinGecko.”
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“Perps can offer as much as 100-times leverage on an investment.”
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“Spotify and Peloton are teaming up. The streaming platform is launching a fitness category with more than 1,400 Peloton classes available for premium subscribers, the companies announced yesterday.”
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“Shares of Spotify are down more than 10% this morning after reporting earnings for the first quarter.”
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“The company's revenue for the period was in-line with expectations, but weaker-than-expected operating income guidance for the current quarter sent shares tumbling.”
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“Bridgewater Associates founder Ray Dalio told CNBC yesterday that the U.S. economy is in a "stagflationary" environment.”
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“CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.