Markets eye jobs data as AI risk and retail shifts make the week’s focus

Stock futures rose as July closed with a mixed tone and investors await Friday’s jobs data and more earnings; Big Tech showed a split in leadership with Alphabet, Amazon and Microsoft rallying while Apple and Meta pulled back, and oil movements followed political headlines after Trump paused Iran strikes. The Morning Squawk highlights five themes for the week: rising AI/cybersecurity risk following a Hugging Face/OpenAI incident, the collapse of the Situational Awareness hedge fund, Best Buy’s plan for smaller-format stores, and airfare staying elevated even if fuel costs stabilize, all ahead of a packed earnings calendar.