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Happy Friday. I’m running the Detroit Marathon on Sunday, so unlike recent weekends, I’m especially grateful that there’s no bad weather in the forecast.
Some show news: I’m moving to a new reporting role at CNBC. So this will be my last issue as a writer for Morning Squawk. We’re thrilled to be looking back at some of the biggest stories from the past 16 months with you. There was certainly no shortage of news.
rest assured. Morning Squawk will continue to arrive in your inbox on schedule every weekday. Let me tell you one cliffhanger. We’ll have to open the first edition on Monday to find out who’s at the helm.
Stock futures were little changed this morning. Wall Street had a positive day yesterday.
Here are five important things investors need to know to start their trading day.
1. Market intelligence
Panida Widjitpanya | iStock | Getty Images
On the surface, the major averages recorded wins yesterday, each ending a two-day losing streak. But the story was more complicated internally, as concerns about the cost of artificial intelligence continued to plague the technology industry.
Here’s what you need to know:
2. Speed limit
Tesla unveiled its long-delayed Roadster at a launch event in Waco, Texas, on October 15, 2026, nearly a decade after it first unveiled the next-generation version of its original electric sports car. In this still image taken from a distributed video, the Roadster uses rocket thrusters to land.
Tesla | via Reuters
Nearly a decade after the company began collecting deposits for its electric sports car; tesla The next generation Roadster was finally announced last night. A prototype two-seater vehicle demonstrated its capabilities at a livestream event in Texas. Clinging upside down to the lamp, it flipped in the air and hovered above the ground.
While it certainly caused a lot of buzz among Elon Musk fans, the Roadster is expected to be a high-end, low-volume model. Musk said the car would go into production in 2028, but declined to say how much it would cost. He also said that the Roadster, which is not equipped with Tesla’s self-driving system, will be the company’s last vehicle intended to be controlled by a human driver.
As CNBC’s Laura Kolodny points out, the new version faced years of delays after it was first announced in 2017. Reservations for the improved Roadster have resumed in recent weeks, allowing potential buyers in the United States, China and Canada to pay up to $50,000.
3. Heat forecast
A woman shops for groceries from a wholesale retailer on August 11, 2026 in Alhambra, California.
Frederick J. Brown | AFP | Getty Images
Another day, another hot inflation report. The producer price index released Thursday posted the highest monthly and annual increase since 2022. As expected, energy costs pushed up the index during the Iran war, and there are signs that energy-related costs are spilling over into other categories.
As CNBC’s Steve Reisman writes, this data shows the Federal Reserve is doing more to fight inflation. Economists now expect the core personal consumption expenditure price index, the Fed’s preferred measure of inflation, to rise when it is released later this month.
In a speech in Bangkok late last night, Federal Reserve Chairman Kevin Warsh declined to give any indication whether the central bank would raise rates again by the end of the year, saying, “We’re not going to prejudge the meeting.” Traders took his remarks as a sign that the Fed is likely to keep interest rates unchanged at its next meeting later this month.
4. Meet Mac, the muse
An iMac Pro computer at an Apple store.
Zhang Peng | Light Rocket | Getty Images
apple and Meta We are forming a team. The tech giant announced yesterday that developers will now be able to run Muse Spark, Meta’s new open-weight AI model, locally on Apple’s more expensive Mac models.
The partnership between the two companies, which have so far avoided public partnerships, shows how the AI boom is causing a major shift in Silicon Valley’s partnerships.
Meta CEO Mark Zuckerberg and Apple CEO John Ternus both promoted the collaboration on social media. Representatives from both companies declined to say whether this could be the beginning of a broader relationship.
5. Travel
People walk past a Nike logo sign in a famous shopping hub in Bangalore, India.
Indranil Aditya | Null Photo | Getty Images
as nike is trying to rebuild its business and is looking to India for help.
The sporting goods retailer announced this month that it is building a new global campus in the city of Bengaluru, which it plans to open in the next few years. CEO Elliott Hill told employees the new facility is a “long-term investment” in what he called “an important growth market and manufacturing location for Nike.” The company plans to discuss the India campus in more detail at its investor day next month.
As CNBC’s Raya Neelakandan points out, the further expansion into India comes as Nike struggles in China, another major international market. Overall, the company is in the midst of a quarter of poor performance.
daily dividend
Here are some recommended articles for the weekend.
—CNBC’s Kai Nicol-Schwarz, Lee Ying Shan, Sawdah Bhaimiya, Sean Conlon, Steve Liesman, Lora Kolodny, Anniek Bao, Kif Leswing, Jonathan Vanian and Laya Neelakandan contributed to this report.
Caleigh Keating helped produce this newsletter. Josephine Rozzelle edited this version.
