FILE PHOTO: A Broadcom logo and a computer motherboard appear in this illustration taken August 25, 2025. Dado Ruvic | Reuters
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. Chip types
2. Turning a new leaf
A customer shops in a Lululemon store on April 03, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images
Another day, another CEO departure: Lululemon announced yesterday that CEO Calvin McDonald will step down at the end of January. He will be replaced in the interim by two executives while the Canadian retailer searches for a permanent successor. Lululemon reported better-than-expected earnings for the third quarter, but, as CNBC's Gabrielle Fonrouge notes, the company has been underperforming for more than a year. Shares of the athleisure retailer are up more than 9% this morning. Costco also surpassed Wall Street's forecasts for its first quarter, boosted in part by e-commerce growth. The warehouse club said Black Friday was a record-breaking day for its digital business.
3. Wish upon a bot
Disney CEO Bob Iger and OpenAI CEO Sam Altman appearing on CNBC on Dec. 11th, 2025. CNBC
Mickey Mouse, meet ChatGPT. Disney announced a $1 billion equity investment in OpenAI yesterday. Under the agreement, users on OpenAI's Sora video platform will be able to make content that features the entertainment giant's copyrighted material — including more than 200 characters across the Disney universe. Disney CEO Bob Iger told CNBC that the deal gives the company "a way in" to AI and will help it further reach younger consumers. OpenAI CEO Sam Altman said there will be limits on how Disney characters can be used in Sora videos. Yesterday also marked OpenAI's 10th anniversary. CNBC's MacKenzie Sigalos takes you through the company's transformation from a small, nonprofit research lab to the booming business it is today.
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.
... continue reading