GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. If you ran into some technology troubles at work yesterday, you weren't alone. Stock futures are down this morning. The market is coming off a losing day. Here are five key things investors need to know to start the trading day:
1. New Cook in the kitchen
Apple's CEO Tim Cook and John Ternus, Apple's next CEO, attend the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2026. Brendan McDermid | Reuters
John Ternus officially takes over as CEO of Apple today. He succeeds Tim Cook, who will step into the executive chairman role after 15 years at the helm of the technology titan. As CNBC's Kif Leswing writes, we haven't heard much from Ternus since the succession plan was announced in April. He made only a small appearance on Apple's earnings call last month, when he was asked a question directly by an analyst. But the world will get to see more of Ternus next week at Apple's annual launch event, where the company is expected to reveal its new iPhone and Apple Watches. On his last day as CEO, Cook said yesterday that he was "excited for the next chapter." He wrote in a post on X, "My title changes tomorrow, but the love I have for the Apple community never will."
2. On the rise
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, Aug. 31, 2026. Michael Nagle | Bloomberg | Getty Images
3. Growing pains
Treasury Secretary Scott Bessent speaking with CNBC's Sara Eisen at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31st, 2026. CNBC
Meetings between finance ministers from the Group of 20 countries continue today in North Carolina. The agenda includes a fireside chat with Fox Business' Larry Kudlow — the former director of the National Economic Council — and a press conference with Treasury Secretary Scott Bessent. The Treasury chief told reporters yesterday that the U.S. has "to grow our way out" of its debt pile. Federal Reserve Chairman Kevin Warsh also focused on growth in brief remarks to the gathering of international finance leaders, calling the current period "one of secular growth" and "one of a global investment surge." In an interview with CNBC's Sara Eisen, Bessent also responded to Stanley Druckenmiller's critique of the Treasury Department's intervention in the bond market, saying the billionaire investor "changes his mind a lot."
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