John Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York, attends a farewell symposium for former President of Dutch Bank NV, Klaas Nott, held at the Central Bank Headquarters in Amsterdam, Netherlands, on Friday, October 3, 2025.
Lina Serg | Bloomberg | Getty Images
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.
Here are five important things investors need to know to start their trading day.
1. Stop loss
Stock markets are having a tough week as investors ponder concerns about artificial intelligence trade and the state of the economy. But stocks rebounded somewhat on Friday, buoyed by renewed hopes for further interest rate cuts.
Here’s what you need to know:
of Dow Jones Industrial Average and S&P500 Each fell nearly 2% last week. of Nasdaq Composite The tech industry took the brunt of the decline, falling 2.7% for the third week in a row. But markets rallied on Friday after New York Fed President Williams said there was “room for further adjustment” in interest rates. Following Mr. Williams’ comments, federal funds futures began pricing in an increased likelihood of a rate cut at the Fed’s December meeting. Traders see a more than 73% chance of a rate cut next month, up from about 42% a week ago, according to CME’s FedWatch tool. Meanwhile, Boston Fed President Susan Collins said over the weekend that there was “reason for hesitation” about cutting interest rates at the next policy meeting. On NBC News’ “Meet the Press” on Sunday, Treasury Secretary Scott Bessent acknowledged that some sectors are cutting interest rates. said he is feeling economic pressure but believes the U.S. will not fall into recession next year. Follow us here for live market updates.
2. Consumer psychology
Legal documents released on Friday make this accusation: meta For canceling an internal study that found people who stopped using Facebook felt less depressed and anxious.
Meta launched the investigation in 2019 to examine the impact of its products on “polarization, news consumption, well-being, and everyday social interactions,” according to legal filings. This application is meta, Google YouTube, snap TikTok — From plaintiffs including school districts and state attorneys general.
Meta spokesperson Andy Stone said the company disagrees with the claims and “relies on cherry-picked quotes and misinformed opinions in an attempt to present an intentionally misleading picture.”
3. Missed shot
Novo Nordisk A/S logo during a press conference on Tuesday, June 24, 2025 in Mumbai, India.
Dheeraj Singh | Bloomberg | Getty Images
US listed stocks novo nordisk Shares fell more than 10% this morning after the Danish drugmaker announced that its Alzheimer’s disease trial had failed to meet its main goals.
Analysts had expected the trial, which tracks whether semaglutide, the active ingredient in the diabetes and weight-loss drugs Ozempic and Wigovy, slows cognitive decline, to finish with a high probability. However, previous trials found that the drug’s use helped improve Alzheimer’s disease-related biomarkers.
Martin Horst Lange, Novo’s chief scientific officer, said the company felt it had a “responsibility to explore the potential of semaglutide, despite the low chances of success.”
4. Spend your holidays at home
Planes line up on the tarmac at LaGuardia Airport in New York City on November 10, 2025.
Spencer Pratt | Getty Images News | Getty Images
U.S. airlines are expecting another record-setting Thanksgiving travel period. as american airlines “The risks are high,” said David Seymour, head of the operation. The lobby group Airlines for America estimates that airlines will serve more than 31 million people between Nov. 21 and Dec. 1.
The holiday travel frenzy came shortly after the federal government shutdown that disrupted travel for 6 million travelers was lifted, according to A4A. Officials announced last week that air traffic controllers and technicians who earned perfect attendance awards during the government shutdown would receive $10,000 bonuses.
5. Defy gravity
Ariana Grande and Cynthia Erivo appear in Universal’s Wicked: For Good.
universal
universal “Wicked: For Good” grossed about $150 million in domestic ticket sales this weekend. This was the second-biggest opening weekend for a film in 2025, and the biggest opening weekend ever for a Broadway film. The film’s box office revenue also exceeded that of the first Wicked movie, which was released last year.
According to EntTelligence data, about 10 million tickets were sold for “Wicked: For Good” during its opening weekend. Paul Dergarabedian, ComScore’s head of marketplace trends, said the musical film could help “succeed” this year’s Thanksgiving movie planning into a record time in 2024.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. With Comcast’s planned Versant spinoff, Versant will become CNBC’s new parent company.
daily dividend
Here’s what we’re watching this holiday week:
Tuesday: best buy, Dick’s, Abercrombie & Fitch and kohls Income (before the bell). working day, Dell and HP Income (after the bell). September producer price index. September Retail Sales Wednesday: Fed’s Beige Book Thursday: Thanksgiving Market Closed Friday: Stock Market Closes Early
CNBC Pro subscribers can see the complete calendar and overview of the week here.
—CNBC’s Sean Conlon, Jeff Cox, Annie Nova, Yun Li, Kif Lesswing, Leslie Josephs, Elsa Oren, Sarah Witten and Reuter contributed to this report. Josephine Rozzelle edited this version.
