Happy start to a short week. Stocks are slightly higher, Greg Abel is a U.S. citizen and the U.S. is prepping for a scorcher for the holiday — with air conditioning.

Here are five key things investors need to know to start the trading day:

Spinoffs: They’re not just for industrials. Comcast is planning to spin off its media and technology businesses into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky, sending shares of the media and telecommunications conglomerate soaring.

The company said it expects to complete the spinoff in a year and that Comcast shareholders will own shares in both Comcast and NBCUniversal.

The U.S. attacked Iranian military targets over the weekend in retaliation for Iranian strikes in the Strait of Hormuz. President Donald Trump then threatened to annihilate Iran, saying Saturday in a Truth Social post: “United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!”

Both U.S. and global oil prices started the week higher as traders assessed whether the truce would hold.

Survey says: China’s economy is heating up, thanks to an increase in exports to the United States. “Manufacturing saw the clearest improvement. Retail sales recovered nicely,” said the China Beige Book, an independent survey of Chinese businesses, on Monday.

The survey — which covers 1,321 businesses from June 1 to 22 — said luxury goods sales also rose but tourism-related spending fell, write Anniek Bao and Evelyn Cheng.

“The second quarter is ending on a more positive note than it began, but this performance will need to repeat itself in July and August for there to be legitimate cause for celebration,” the report said.

Can Kohl’s get back on track? CEO Michael Bender told CNBC’s Laya Neelakandan that it comes down to knowing its customer and “making sure that we are picking a lane.” Over the past five years, Kohl’s stock has lost nearly 70% of its value as the retailer reported weak sales.

Bender said that while there are signs of a recovery, it’s only the first step in a longer road into the “neighborhood” of growth.

The popular ice hockey romance “Heated Rivalry” has helped fuel an interest boom for movies, shows and books centered on love stories between men, and women are driving viewership, reports CNBC’s Alex Harring.

HBO, the U.S. streaming platform for the show, said about two-thirds of the series’ viewership were women, while Nielsen data showed women made up majorities for several related titles.