A logo is displayed outside a Dick’s Sporting Goods store on October 10, 2025 in San Diego, California.
Kevin Carter | 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. Checkout
This morning, a number of retail giants reported their financial results and provided the latest consumer information ahead of Black Friday. The announcement follows strong retail gains last week.
Here are the latest reports:
2. AI leaderboard
Broadcom’s billboard is photographed on September 5, 2025 in San Jose, California, as it prepares to launch new optical chip technology to fend off Nvidia.
Brittany Hosea-Small | Reuters
3. Outside the statement
File photo: On Thursday, June 8, 2017, former FBI Director James Comey testifies before the Senate Intelligence Committee in the Hart Senate Building on Capitol Hill.
Cherise May | Null Photo | Getty Images
Senior U.S. District Judge Cameron Curry yesterday began criminal proceedings against former FBI Director James Comey and New York State Attorney General Letitia James.
Curry said the appointment of Lindsay Harrigan, the interim U.S. attorney who led the prosecution, was invalid. Both cases were dismissed “without prejudice” and could be filed again.
The ruling marks a defeat for President Donald Trump, who had been pressuring Attorney General Pam Bondi to take action against his political opponents. “This is not the final decision on this issue,” White House press secretary Abigail Jackson told CNBC.
4. Amazon’s next frontier
People walk past the Amazon Web Services (AWS) logo at an exhibitor booth at India Mobile Congress 2025 at Yashobhoomi convention and exhibition center in New Delhi, India, on October 8, 2025.
Anushree Fadnavis | Reuters
Amazon has become the latest technology company to spend eye-popping amounts of money on efforts to build AI. The e-commerce giant announced it will invest up to $50 billion to expand its cloud division’s ability to deliver AI and high-performance computing capabilities to U.S. government customers.
The project is expected to begin in 2026 and add nearly 1.3 gigawatts of capacity. The investment will give government customers access to Amazon’s hardware and software, as well as Anthropic’s Claude models and Nvidia chips.
Also yesterday, Amazon announced that it would allow companies to test its internet service from space, which was recently renamed from Project Kuiper to Leo. As CNBC’s Annie Palmer points out, this product will compete with SpaceX’s Starlink.
5. Power play
William Nylander #88 of the Toronto Maple Leafs celebrates with teammates after scoring a goal against the Boston Bruins in the third period of Game 7 of the first round of the 2024 Stanley Cup Playoffs at TD Garden on May 4, 2024 in Boston, Massachusetts.
Maddie Meyer | Getty Images
CNBC Sports announced new NHL team valuations for 2025 this morning. The value of the average franchise rose 15% to $2.2 billion due to more expensive media rights deals.
The Toronto Maple Leafs continue to lead the pack with a valuation of $4.3 billion, an 8% increase from last year. Next up was the New York Rangers, with a 9% increase from the previous year to $3.8 billion.
daily dividend
microsoft Plans for a data center in Caledonia, Wisconsin, faced vocal community opposition, prompting the tech giant to pull the plug and consider other locations. CNBC’s Jordan Nobe breaks down the local reaction.
“It seems we have indeed awakened a sleeping giant.”
Fran Martin
Caledonian Trustee
—CNBC’s Gabriel Fonrouge, Sean Conlon, Pia Singh, Dan Mangan, Kevin Browninger, Annie Palmer, Yun Li, Michael Ozian and Jordan Nove contributed to this report. Terry Cullen edited this version.
