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.

Hot artificial intelligence startup Anthropic has found itself at odds with the White House over regulatory policy for the AI ​​industry. CEO Dario Amodei jumped into the conversation yesterday to refute claims that the company is “woke.”

Here’s what you need to know:

Anthropic is taking a very different tone when it comes to AI regulation than its competitor OpenAI. The company opposed President Donald Trump’s amendments to the One Big Beautiful Bill Act. As a result, David Sachs, the venture capitalist who served as President Trump’s AI and crypto czar, slammed Anthropic. He said the company has a regulatory strategy centered on “fear-mongering” and has “consistently positioned itself as an enemy of the Trump administration.” LinkedIn co-founder Reid Hoffman defended Anthropic on Monday, calling the company “one of the good companies.” Hoffman’s vote of confidence is especially noteworthy given his investment in rival OpenAI. Sachs hit back at Hoffman, writing on social media that Anthropic is considering “Wake AI and other AI regulatory backdoors.” Anthropic’s Amodei said yesterday that the company is aligned with the White House on “key areas of AI policy” and shares goals with administrations and lawmakers on both sides.

Netflix The company missed analysts’ earnings per share estimates for the third quarter, sending the stock down more than 7% in overnight trading. The distributor claimed responsibility for a weaker-than-expected report on expenses stemming from a dispute with Brazilian tax authorities.

The California-based company’s report comes after it announced on Tuesday that it would bring the hit animated film “KPop Demon Hunters” to the toy market. Netflix announces partnership with toy maker hasbro and mattel We have a variety of items related to movies.

Stock futures are down slightly this morning due to Netflix’s decline. Follow live market updates here.

warner bros discovery yesterday said it was open to a sale as the media giant prepares to split the company. Investors seemed to like the news, with the stock rising 11% during trading hours.

HBO and CNN’s parent company said it would consider all options after receiving “unsolicited interest” from multiple parties. The company previously announced plans to split its business into two, and has also seen acquisition interest from larger players in its industry. paramount skydance.

Speaking of HBO, Warner Bros. Discovery announced yesterday that it is increasing prices on the network’s streaming platform.

Shoppers are feeling “discount burnout” in the lead-up to Black Friday and Cyber ​​Monday, according to consulting firm AlixPartners.

More than 9,000 U.S. consumers surveyed by the company said, on average, price is less important when buying new clothes than it was a year ago. Additionally, fewer consumers said finding sales and top deals was “very important” compared to last year.

Overall, fashion prices are up an average of $17 over last year, according to AlixPartners data. Some categories, such as jackets and outerwear, saw larger price increases than others, such as swimwear.

Activist investment firm Jana Partners has teamed up with an unexpected teammate to acquire the stake. six flags: NFL star Travis Kelce. (You may know Kelsey as Taylor Swift’s fiancé.)

Mr. Jana and Mr. Kelce are currently part of an investment group that holds an economic interest of approximately 9% in the amusement park operator. The group said it wanted to work with the board to improve shareholder value and guest experience.

Kelce said in a statement that he is a “lifelong” Six Flags fan and wants to ensure the company is “special for generations to come.” Six Flags stock was down slightly before the bell this morning after rising more than 17% yesterday.

— CNBC’s Mackenzie Sigalos, Ashley Caputo, Sarah Witten, Luke Fountain, Alex Sherman, Sarah Salinas, Gabriel Fonrouge, Yun Li, Sean Conlon and Sarah Ming contributed to this report. Josephine Rozzelle edited this version.