5 things to know before the stock market opens on Thursday

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.

Nvidia The company beat Wall Street’s profit and revenue expectations overnight and gave a stronger-than-expected outlook for the current quarter. If futures trading is any indication, the results reassured investors that concerns about the health of artificial intelligence trading can be put to rest.

Here’s what you need to know:

The chipmaker said it expects sales to exceed $57 billion in the third quarter and increase to about $65 billion in the current three-month period. CEO Jensen Huang said Nvidia’s Blackwell chip sales have been “extraordinary.” Hwang also dismissed concerns about an AI bubble, saying the company was looking at “something completely different.” This comment is important because Nvidia is something of a linchpin in the AI ​​industry. Amazon, microsoft, google and oracle However, despite announcing a $100 billion investment in OpenAI two months ago, NVIDIA said there is “no guarantee” of a final agreement with the ChatGPT maker. NVIDIA stock rose 5% overnight, sparking a broad rebound in futures this morning. advanced micro device and broadcomand the name of the power infrastructure. Eatonrose again as the report restored confidence in AI trading. Follow us here for live market updates.

walmart The company beat analysts’ expectations in both areas this morning, raising its outlook for the second consecutive quarter, driven by strong e-commerce business and new customer growth.

CFO John David Rainey told CNBC that Walmart has acquired “value-hungry” customers from a variety of income brackets. Although the company was affected by the SNAP suspension during the government shutdown, Rainey said the retailer is “recovering” as funds begin to be distributed again.

CNBC reported yesterday that Walmart is in talks to acquire R&A Data, an Israeli startup that monitors online marketplaces for fraud and counterfeit goods. A CNBC investigation two months ago found that over time, Walmart has loosened its controls on vetting online sellers and products to better compete with Amazon.

Minutes released yesterday show that Fed officials were divided over whether to cut interest rates at last month’s policy meeting. The report also put a damper on hopes for further interest rate cuts at the central bank’s December meeting. Minutes from the meeting said a “majority” of officials said there was no need for further rate cuts this year.

Meanwhile, President Trump again attacked Federal Reserve Chairman Jerome Powell yesterday, saying, “I want to fire him.” The president asked Treasury Secretary Scott Bessent to “encourage” Chairman Powell to lower interest rates.

We are waiting for the September jobs report, which will be released this morning after being delayed due to the government shutdown. The Bureau of Labor Statistics announced yesterday that nonfarm payrolls for October do not include employment rates because the data was “unable to be collected” during the government shutdown.

President Donald Trump said last night he signed a bill ordering the release of files on sex offender Jeffrey Epstein. The bill gives Attorney General Pam Bondi 30 days to release unclassified records related to Epstein and his accomplice Ghislaine Maxwell.

The law has exceptions for what can be released, such as information that personally identifies the victim or material related to child sexual abuse. The order also excludes records that could “jeopardize” an ongoing federal investigation or prosecution.

Redfin reports that homebuyers are seeing the strongest market in more than a decade. However, there is a catch. You have to be able to afford it.

The company revealed last month that sellers outnumbered buyers by more than 36%, the largest gap since 2013. However, Redfin researchers noted that many Americans are being “priced out” of the housing market as affordability has plummeted. “It’s a buyer’s market only for those who can afford it,” they say.

New data released yesterday also showed that mortgage rates have risen for the third week in a row, causing a drop in demand from both current and potential homeowners.

sem rush The stock price soared 74% yesterday. adobe announced that it has reached an agreement to acquire a search engine marketing company for $1.9 billion.

—CNBC’s Kif Leswing, Ari Levy, Pia Singh, Gabrielle Fonrouge, Melissa Repko, Kevin Breuninger, Ashley Capoot, Jeff Cox, Fred Imbert, Samantha Subin and Diana Olick contributed to this report. Josephine Rozzelle edited this version.