5 things to know before the stock market opens on Wednesday

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.

The volatile U.S.-China relationship deteriorated further yesterday when President Donald Trump said he was considering imposing an embargo on cooking oil from China in retaliation for its refusal to buy U.S. soybeans. Stock market trading has been volatile in recent days due to the ongoing feud.

Here’s the latest information:

In a Truth Social post posted just before the closing bell yesterday, President Trump wrote that China’s refusal to buy U.S. soybeans is an “economically hostile act.” President Trump has threatened to block any trade with China “related to edible oil.” China was the biggest buyer of U.S. crops last year, but it hasn’t bought any soybeans since May due to conflicts between the countries over trade policy. The White House has criticized China in recent days, threatening to impose new 100% tariffs on China after it tightened export restrictions on rare earth raw materials. Trade Representative Jamison Greer told CNBC yesterday that China’s future actions will determine whether higher tariffs are applied. A levy has actually been introduced. Meanwhile, Treasury Secretary Scott Bessent said China’s recent moves were an attempt to “bring other countries down with them.” The stock has soared in recent trading as investors closely monitor the latest developments. of S&P500 It ended yesterday’s session in the red as President Trump’s posts thwarted the index’s attempts to recover. Follow us here for live market updates.

President Trump has repeatedly said during the government shutdown that his administration’s mass layoffs are targeting “Democratic institutions,” but the cuts also appear to be impacting bipartisan efforts. At the Treasury Department, about 1,450 federal employees have received layoff notices, while all 83 staff at the Community Development Financial Institutions Fund, which has bipartisan support, have been cut.

As the shutdown enters its third week, air traffic controllers distributed flyers at some airports urging the public to pressure Congress to reopen government offices. Meanwhile, some airports are refusing to play a video of Homeland Security Secretary Kristi Noem blaming Democrats for the closures.

Since the figures for September are already recorded in the ledger, boeing The company has recorded its highest annual aircraft deliveries since 2018. The company announced yesterday that it delivered 55 aircraft last month, bringing the total to 440 in the first nine months of 2025.

As CNBC’s Leslie Josephs points out, Boeing was able to stabilize production after several safety and production crises. Executives are aiming to increase production of Boeing’s expensive 737 MAX jetliner.

Boeing also received approval from European Union antitrust regulators on Tuesday for its $4.7 billion acquisition of Spirit AeroSystems. The aircraft maker has agreed to sell part of Spirit’s business to resolve competition concerns.

The Justice Department has seized about $15 billion worth of Bitcoin from the cryptocurrency wallet of Chen Zhi, who prosecutors allege ran a large-scale “pig butchering” scam in Cambodia. Gee is a fugitive and has been charged with wire fraud and money laundering conspiracy.

This is the largest forfeiture case ever pursued by the Department of Justice.

JPMorgan’s findings highlight how Americans view the economy differently across income brackets.

—CNBC’s Leslie Josephs, Dan Mangan, Lillian Rizzo, Kevin Browninger, Spencer Kimball, Jeff Cox and Liz Napolitano contributed to this report. Josephine Rozzelle edited this version.