Jensen Huang, chief executive officer of Nvidia Corp., during a Bloomberg Television interview at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | 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. Hand over fist 2. Decision day Jerome Powell, chairman of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Fall meetings at the IMF headquarters in Washington, DC, US, on Thursday, Oct. 16, 2025. Kent Nishimura | Bloomberg | Getty Images The Federal Reserve will announce its penultimate interest rate decision for 2025 at 2 p.m. ET today, and traders see a cut as a foregone conclusion: Fed funds futures are pricing in a 99.9% chance of a 25 basis point cut, according to the CME's FedWatch tool. Still, investors will keep an eye on whether any Fed officials break with the majority, and whether Fed chair Jerome Powell's post-announcement press conference provides any clues into the future path on monetary policy. Respondents to CNBC's October Fed Survey also expressed concern about how the central bank is analyzing the economy with some data on hold thanks to the government shutdown. 3. What's in a name? Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI officially wrapped up its restructuring into a nonprofit yesterday. The startup's nonprofit, now named the OpenAI Foundation, has a controlling stake worth around $130 billion in OpenAI's for-profit business, which is called OpenAI Group PBC. (PBC stands for public benefit corporation.) The buzzy AI startup also confirmed that longtime backer Microsoft holds an investment in the for-profit arm that amounts to $135 billion. As CNBC's Ashley Capoot notes, that's equivalent to about 27% of the company on an as-converted diluted basis. Microsoft is set to report earnings after the bell today, along with Big Tech peers Alphabet and Meta . 4. One month in The U.S. Capitol building, weeks into the continuing U.S. government shutdown, in Washington on Oct. 27, 2025. Kylie Cooper | Reuters The federal government shutdown is officially one month old — and Washington is feeling the heat. A group of more than two dozen states sued President Donald Trump's administration yesterday to maintain benefits tied to the Supplemental Nutrition Assistance Program, also known as SNAP, which provides food stamps. The Agriculture Department, which oversees SNAP, has said the benefits will end this weekend. A federal judge yesterday also extended a temporary ban on firing federal workers during the shutdown. Air traffic controller union officials meanwhile said some of their members have picked up second jobs to bring in money while they work without pay. Get Morning Squawk directly in your inbox CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning. Subscribe here to get access today. 5. Flight status A Boeing 777X sign in the Boeing Co. booth at the Aircraft Interiors Expo (AIX) in Hamburg, Germany, on Tuesday, April 8, 2025. Bloomberg | Bloomberg | Getty Images Shares of Boeing are slightly down in premarket trading this morning after the planemaker reported earnings for its third quarter. The company returned to cash-positive territory for the first time since 2023 but logged a $4.9 billion charge tied to delays of its 777X plane. Boeing — which has been plagued by manufacturing and supply chain issues, as well as the fallout of two crashes — is on track for its most deliveries since 2018. CEO Kelly Ortberg, who took Boeing's helm in 2024, said in a staff note that "there's still more work to do to advance our development programs" but "we're seeing positive signs across our business." The Daily Dividend The following chart shows how U.S. regional banks have fared since 2020. CNBC's Hugh Son talked to the activist investors targeting underperforming financial institutions.