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Here are five key things investors need to know to start the trading day:
1. On the banks
Following the discovery of a handful of bad loans from banks, Wall Street has been on the hunt for any other signs of risk in the sector. The regional bank selloff last week overshadowed earnings reports from many major financial institutions.
Here's what to know:
- Following the panic, investors have zeroed in on loans made by banks to a non-depository financial institutions, known as NDFIs. While banks themselves don't make this type of borrowing agreement, they often fund them.
- Zions, one of the regional banks at the center of these loan concerns, shed $1 billion in valuation in Thursday's session alone. While shares were able to make up ground on Friday, the stock ended the week down more than 5%.
- The lending concerns brought flashbacks to 2023's regional banking crisis sparked by the failure of Silicon Valley Bank.
- Other regional bank stocks also struggled amid the shakeup, with the SPDR S&P Regional Banking ETF (KRE) ending the week nearly 2% lower.
- The three major indexes were still able to notch gains last week. Follow live markets updates here.
2. Black out
Breaking news this morning: A major Amazon Web Services outage took down several prominent websites. Users had trouble accessing sites such as Disney+, Snapchat and Venmo, according to Downdetector, but Amazon said it was seeing "significant signs of recovery."
The outage also created headaches for Delta and United customers. Flyers reported that they couldn't check in for flights or see their reservation and seat assignment information.
3. White House woes
OpenAI is no longer Anthropic's only big worry. As CNBC's MacKenzie Sigalos reports, the artificial intelligence startup has been catching heat from the White House.
Anthropic has rebuked federal government efforts to preempt state-level oversight of AI — a notably different stance than that of OpenAI, which has pushed for less regulation.
David Sacks, President Donald Trump's AI and crypto czar, said the company runs a "regulatory capture strategy based on fear-mongering" and supports "the Left's vision of AI regulation." Anthropic did not comment to CNBC.
4. Charting a path
It's been a bumpy ride for automakers this year. Car companies faced inflationary concerns, followed by shocks tied to tariffs and subsequent supply chain ramifications.
Executives and industry watchers say the sector has fared better than expected, but there are now growing worries around the health of consumers and suppliers, CNBC's Michael Wayland reports. That means the stakes are high for automakers including Ford, General Motors and Tesla who are set to report earnings this week.
5. What young shoppers want
A pair of CNBC stories show just how much young consumers want vintage-esque goods.
CNBC's Luke Fountain broke down the surge in trading card sales, which could help boost retailers as they gear up for the all-important holiday shopping period. At Target, for instance, the category's sales have soared nearly 70% year-to-date and are expected to top $1 billion in annual revenue.
When it comes to what young shoppers are wearing, Gildan's Comfort Colors brand appears to be winning favor from Gen Z, from women's soccer fans to college fraternity members. Retro colors and soft fabric are two qualities that are driving shoppers to the label, which saw growth jump around 40% last year.
The Daily Dividend
Here's what we're following this week. Some economic data may not be released amid the ongoing federal government shutdown.
- Tuesday: General Motors and Coca-Cola earnings (before the bell); Netflix and Mattel earnings (after the bell)
- Wednesday: AT&T earnings (before the bell); Tesla, IBM and Southwest earnings (after the bell)
- Thursday: Jobless claims; Hasbro and American Airlines earnings (before the bell); Ford, Alaska Air and Intel earnings (after the bell)
- Friday: Consumer price index (September); consumer sentiment (October); Proctor & Gamble earnings (before the bell)
CNBC Pro subscribers can see a full calendar and rundown for the week here.
— CNBC's Hugh Son, Leslie Picker, Liz Napolitano, MacKenzie Sigalos, Michael Wayland and Luke Fountain contributed to this report. Josephine Rozzelle edited this edition.



