Jin Lee | Bloomberg | 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. Milestone mania
2. Phase 1
US President Donald Trump during a roundtable on Antifa in the State Dining Room of the White House in Washington, DC, US, on Wednesday, Oct. 8, 2025.
Francis Chung | Politico | Bloomberg | Getty Images
President Donald Trump announced last night that Israel and Hamas have agreed on the first phase of a peace plan that could end the two-year war.
Trump said on social media that all hostages would be released “very soon” and that Israeli troops would withdraw to “an agreed upon line.” He said all parties would be “treated fairly” under the agreement.
Israeli officials, Hamas and mediator Qatar all confirmed the preliminary plan. However, it’s unclear whether there is a consensus on issues such as the demilitarization of Hamas.
3. Eye on AI
Jensen Huang, CEO of Nvidia, speaking on CNBC’s Squawk Box on Oct. 8th, 2025.
CNBC
AMD has now climbed more than 40% so far this week after rallying 11% in yesterday’s session. The stock is on track for its biggest weekly gain in more than nine years as investors cheer its deal with OpenAI.
The deal, as CNBC’s Kif Leswing reports, could pose a challenge to Nvidia’s dominance in the artificial intelligence market. Nvidia CEO Jensen Huang acknowledged on CNBC yesterday that the OpenAI-AMD partnership is “unique and surprising.”
Nvidia shares rose more than 2% in yesterday’s session after Huang told CNBC’s “Squawk Box” that AI computing demand has “gone up substantially” this year. The chief executive also discussed competition with China and the H-1B visa policy change.
4. Out of office
A view of the Internal Revenue Service (IRS) building in Washington, D.C., U.S., February 16, 2025.
Annabelle Gordon | Reuters
The IRS announced that it is furloughing almost half of its workforce as the federal government shutdown stretches into a second week. The Senate on Wednesday rejected funding bills for a sixth time, meaning there’s still no end in sight to the stalemate.
Meanwhile, the Federal Aviation Administration is warning about flight delays due to a shortage of air traffic controllers. Transportation Secretary Sean Duffy said there’s been a “slight uptick” in the number of controllers calling in sick during the shutdown, the latest blow for a workforce that’s already spread thin.
5. Vacation badging
A sign is posted in front of a building on the Google headquarters campus on July 23, 2025 in Mountain View, California.
Justin Sullivan | Getty Images
Google is slapping restrictions on its Covid-era “Work From Anywhere” policy.
The tech giant has allowed employees to work from locations outside of their main office for up to four weeks a year. But internal documents reviewed by CNBC’s Jennifer Elias show that Google will now count as little as one remote day as a full WFA week.
John Casey, Google’s vice president of performance and rewards, told employees at a recent all-hands meeting that the policy was always meant to be used in one-week increments and not “as a substitute for working from home in a regular hybrid work week.” Google did not respond to CNBC’s request for comment.
The Daily Dividend
Artificial Christmas trees could be in short supply this year. Here’s why.
— CNBC’s Jennifer Elias, Anniek Bao, Dan Mangan, Leslie Josephs, Kevin Breuninger, Erin Doherty, Jeff Cox, Kif Leswing and Sean Conlon, as well as Reuters, contributed to this report. Josephine Rozzelle edited this edition.
