Mike Intrator, Chief Executive Officer and founder of CoreWeave, poses for a photo during the company’s Initial Public Offering(IPO) at the Nasdaq headquarters on March 28, 2025 in New York City.
Michael M. Santiago | Getty Images
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.
Here are five key things investors need to know to start the trading day:
1. Chips and dip
2. Numbers game
The U.S. Bureau of Labor Statistics is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.
Bill Clark | Getty Images
While the government shutdown could be over soon, don’t expect the Bureau of Labor Statistics to release all the missed economic data immediately.
As CNBC’s Jeff Cox reports, government agencies will need time to catch up on data collection. If the shutdown ends this week, Goldman Sachs estimated that the BLS could have a schedule for when it would release reports — but not the data itself — out early next week.
Market watchers are especially eager to see what job market data will say, as other data sources point to loosening in the labor force. Adding to the uncertainty is the rise of “ghost job” postings, a term used to describe listings for open roles that have never appeared to be filled.
3. Payment plans
A protester with the Main Street Alliance holds a sign outside the U.S. Supreme Court, as its justices are set to hear oral arguments on U.S. President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, D.C., U.S., November 5, 2025.
Nathan Howard | Reuters
President Donald Trump floated a tariff rebate check over the weekend. Experts are warning you shouldn’t hold your breath.
Policy analysts and economists told CNBC’s Jessica Dickler that Trump’s idea of paying Americans a “dividend” of at least $2,000 — except for “high income people” — likely wouldn’t happen anytime soon. They also warned that this type of economic stimulus could drive up inflation.
Speaking of tariffs, CNBC’s Lori Ann LaRocco reported that U.S. importers are expecting a simple repayment process if the Supreme Court rules against Trump’s levies and forces a refund.
4. Capital, capitol
Bitcoin and USA flag on a cracked wall.
Ruma Aktar | Istock | Getty Images
The Senate Agriculture Committee this week released a draft of its part of a market structure bill for digital assets, a major step toward greater investor adoption of cryptocurrencies.
The draft lays out a framework for how to place guardrails on the industry and institutions that want to utilize digital assets. Cody Carbone, CEO of crypto trade association Digital Chamber, called it “the most consequential roadmap” for how institutions will utilize these currencies.
Here are our biggest takeaways from the draft.
5. Hit the ground running
The Roger models, named after former tennis player and company investor Roger Federer, are displayed in a shop of Swiss shoemaker On in Zurich, Switzerland, Aug. 28, 2025.
Denis Balibouse | Reuters
On, the Swiss sportswear company, isn’t seeing the same slowdown as other shoe makers. The company reported better-than-expected earnings and raised its guidance this morning, saying it wouldn’t need to offer Black Friday deals to juice demand. Shares of On surged nearly 9% in premarket trading.
Elsewhere in fitness, Oura CEO Tom Hale told CNBC in an exclusive interview that the smart ring maker could see $2 billion in sales in 2026, almost doubling sales for a second straight year. Oura raised $900 million in a funding round last month, bringing its value to $11 billion. But public market investors shouldn’t get too excited: Hale said there’s “no news on an IPO” for the Finnish company.
The Daily Dividend
Consumer sentiment varies significantly by the amount of stocks individuals hold. Click here to read more about how the biggest owners are buoying economic confidence, and what could change that.
— CNBC’s Sean Conlon, Kif Leswing, Ashley Capoot, Jordan Novet, Yun Li, Jeff Cox, Jessica Dickler, Lori Ann LaRocco, Liz Napolitano, Gabrielle Fonrouge, Tasmin Lockwood and Arjun Kharpal contributed to this report. Josephine Rozzelle edited this edition.
