This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.
Happy Wednesday. People who come to my house will be happy to know that even though I am personally interested, they live outside the delivery range of this shower water beer.
Stock futures were little changed this morning. The market is winning again.
Here are five important things investors need to know to start their trading day.
1. Hard power
Painted houses and apartment complexes overlooking a fjord in Nuuk, Greenland, Monday, November 3, 2025.
Juliette Pavie | Bloomberg | Getty Images
Yesterday, the White House announced that President Donald Trump is considering using the US military to acquire Greenland. White House press secretary Caroline Levitt told CNBC that Trump is considering “a wide range of options,” including the use of force.
Here’s what you need to know:
European leaders condemned Trump’s repeated calls for Greenland to become part of the United States, saying in a statement yesterday: “Greenland belongs to the people. Denmark and Greenland, and they alone, decide matters concerning Denmark and Greenland.” Trump said the United States needs Greenland as a strategic location from a national security perspective. The Arctic island also has untapped mineral resources but is suffering from an economic slowdown. The White House’s increased focus on Greenland comes just days after the United States attacked Venezuela and ousted President Nicolas Maduro. Prediction market traders are increasing their bets on whether the Trump administration will be able to intervene in Greenland. Arizona Democrat Ruben Gallego said yesterday that he would introduce a resolution to stop the United States from invading the Danish territory of Greenland. Meanwhile, oil prices fell after President Trump announced yesterday that Venezuela’s interim authorities would hand over 30 million to 50 million barrels of oil to the US Despite the obvious risks, South American bonds have emerged as a hot trade on Wall Street this week.
2. Up and Away
A professional trader works on the floor of the New York Stock Exchange (NYSE) on January 5, 2026, in New York City, USA, with Chevron Corporation trading information displayed on the screen.
Brendan McDiarmid | Reuters
3. Chips on the table
NVIDIA President and CEO Jensen Huang speaks during Siemens’ keynote speech at the annual consumer electronics trade show CES 2026 in Las Vegas, Nevada, USA on January 6, 2026.
Steve Marcus | Reuters
Speaking of semiconductors, Nvidia CEO Jensen Huang said yesterday that Chinese demand for the company’s H200 artificial intelligence chip is “very high.” He said the company is restarting chip production and finalizing export permit details with the U.S. government, indicating the possibility of approval.
Speaking at the CES conference in Las Vegas, Huang said sales in the 2000s will exceed the $500 billion two-year forecast Nvidia shared last year. Mr. Huang previously estimated that the Chinese market was worth $50 billion a year.
Elsewhere at the conference, AMD CEO Lisa Su told CNBC that AI hasn’t delayed her company’s adoption. Su said NVIDIA’s competitor AMD is instead prioritizing candidates who “truly embrace” the technology.
4. Still no
Thomas Fuller | Light Rocket | Getty Images
The Warner Bros. Discovery board has not changed its mind. This morning, WBD board members once again unanimously blocked a hostile takeover bid for Paramount Skydance.
The board said it still believes Paramount’s offer is “inferior” to Netflix’s $72 billion deal. He added that despite feedback from the WBD board, Paramount “repeatedly failed to submit the best proposal.”
WBD board chairman Samuel Di Piazza told CNBC this morning that the deal with Netflix has “compelling value, a clear path to closing, and shareholders are protected if something prevents closing.” Paramount did not immediately respond to CNBC’s request for comment.
5. Approximate numbers
Nicholas Cocobris | Null Photo | Getty Images
xAI announced it has raised $20 billion in a new funding round, exceeding its previous goal of $15 billion. As CNBC’s Laura Kolodny reports, Elon Musk’s startup has received investment from: Nvidia, CiscoFidelity and Baron Capital Group.
After a merger last year, Musk’s xAI now operates the social platform X, which is also owned by Tesla’s CEO. The company recently faced international regulatory investigation after its Grok chatbot generated sexual images of children and intimate images of adults without their consent. However, xAI also won a contract with the Department of Defense, which uses Grok for its AI agent platform.
daily dividend
What do Coach, Uniqlo, and Ralph Lauren have in common?Coffee shops. CNBC’s Ryan Baker explains why these clothing retailers are turning to cappuccino to attract consumers.
CNBC’s Kevin Breuninger, Sam Meredith, Dan Mangan, Justin Papp, Chloe Taylor, Yun Li, Sean Conlon, Arjun Karpal, Spencer Kimball, Kif Lesswing, Ashley Caputo, Samantha Subin, Jonathan Bunyan, Laura Kolodny, Darla Mercado and Ryan Baker contributed to this report. Josephine Rozelle edited this version.
