Nvidia founder and CEO Jensen Huang made this reaction during a press conference at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju on October 31, 2025.
Jung Young Jae | AFP | Getty Images
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.
1. Technical trouble
After last week’s losses, and with Nvidia’s must-see earnings report just around the corner, investors are wondering what’s next for the artificial intelligence industry. Can the sector that has captivated Wall Street and Silicon Valley in recent years lead the market again, or are investors looking for more volatility?
Here’s what you need to know:
2. For Kugler
Dr. Adriana Kugler, a member of the Board of Governors of the Federal Reserve System, speaks at the New York Economic Club in New York City, USA, June 5, 2025.
Kylie Cooper | Reuters
Months after former Federal Reserve Chair Adrianna Kugler’s mysterious resignation, an ethics report released Saturday showed she violated the central bank’s stock trading rules.
The Office of Government Ethics found that Mr. Kugler bought individual stocks rather than mutual funds and traded during “blackout periods” before and after Fed policy meetings, both of which violate Fed rules. Mr. Kugler resigned after Fed Chairman Jerome Powell denied him a waiver for filing disclosure documents showing that he was prohibited from owning stocks, a Fed official familiar with the matter told CNBC.
Speaking of central banks: The Financial Times reported that New York Fed President John Williams met with Wall Street dealers last week about the loan facility. Williams sought feedback on the use of the Standing Repo Facility, a permanent lending tool that allows the Fed to backstop markets, the report said.
3. Hedge fund shopping cart
Warren Buffett and Greg Abel walk through Berkshire Hathaway’s annual shareholder meeting on May 3, 2025 in Omaha, Nebraska.
David A. Grogen | CNBC
4. Traffic jam
An Alaska Airlines plane takes off as the Burbank FAA air traffic control tower is staffed and operations return to normal at Hollywood Burbank Airport on Tuesday, Oct. 7, 2025.
Allen J. Scherben | Los Angeles Times | Getty Images
The US Federal Aviation Administration announced last night that mandatory flight reductions at 40 major airports will end this morning. More than 5 million travelers experienced flight cancellations or delays during the government shutdown when the FAA imposed restrictions due to concerns about air traffic controller availability.
The government shutdown may be over, but the longstanding air traffic controller shortage remains a problem. As CNBC’s Leslie Josephs reports, the closure could make it even more difficult to retain staff. Airline executives are asking lawmakers to ensure air traffic controllers and other airport workers are paid if the government shuts down again.
5. A new path
2026 Jeep Grand Wagoneer
jeep
Jeep, whose domestic sales have been declining for six consecutive years, wants to stop idling.
As CNBC’s Michael Weiland reports, the SUV maker is aiming for a comeback after suffering a leadership change, a depleted product pipeline and consumer sticker shock. New buds are starting to appear for Jeep. The company recently posted its highest quarterly sales growth in more than two years and is rolling out new products such as the redesigned Grand Wagoneer.
meanwhile, ford celebrated the ceremonial opening of its 2.1 million square foot facility in Dearborn, Michigan, last weekend. The new complex replaces Ford’s so-called “glass house” headquarters and includes a test track, a two-story courtyard, and even a $6 rotisserie chicken.
daily dividend
Here are some of this week’s notable events and releases.
CNBC Pro subscribers can see the complete calendar and overview of the week here.
—CNBC’s Sean Conlon, Eric Rosenbaum, Kif Leswing, Deirdre Botha, Michael Weiland, Jeff Cox, Dan Mangan, Pia Xin, Yun Li, Leslie Josephs and Reuter contributed to this report. Josephine Rozzelle edited this version.
