OpenAI · Amazon · Donald Trump · Kevin Warsh · Wall Street · Federal Reserve (FED) · CNBC Technology
Warsh spooks investors, OpenAI's 'concerning' incidents, Boeing's production problems and more in Morning Squawk
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This is CNBC's Morning Squawk newsletter.
Key facts
- As diesel prices climb to all-time highs, Norfolk Southern executive Claude Elkins remarked on seeing $8 diesel in California
- Shares of Generac are nearly 30% higher before the bell after the backup power provider said in a securities filing that Amazon has warrants to purchase up to $340 million worth of its stock
- Generac said Amazon can acquire up to 1.69 million shares for $200.93 apiece as part of a deal to supply backup power generators for Amazon's data centers
- The disclosure comes days after OpenAI CEO Sam Altman backed Anthropic CEO Dario Amodei's call for a slowdown in development of AI models
Summary
So much for that "SaaSpocalypse. Stock futures are rallying this morning after a third straight down day on Wall Street. Here are five key things investors need to know to start the trading day:. The Federal Reserve delivered its first interest rate hike in more than three years yesterday, lifting its benchmark interest rate by 25 basis points. All 12 members of the central bank's Federal Open Market Committee voted to hike rates.