Why This Matters
A CNBC Morning Squawk roundup flags a record $4.15 national average gas price on Labor Day, a fatal Amazon cargo jet overrun at Miami International Airport, and fresh trade friction as Canada's reciprocal tariffs take effect with Trump pressuring Bombardier to move production to the U.S. Together these touch consumer costs, aviation and e-commerce logistics safety, and cross-border supply chains that tech and industrial firms depend on.
Key Takeaways
- U.S. gas prices topped $4 on Labor Day for the first time, a record that squeezes consumer budgets even as travel demand holds up.
- An Amazon Prime Air Boeing 767-300 operated by 21 Air overran the Miami runway, killing at least five and shutting down runways, raising questions about air cargo operations.
- Canada's reciprocal tariffs took effect, with Trump saying Bombardier must produce in the U.S. to sell there; stock futures slipped.
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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. It's the first day with Canada's reciprocal tariffs in effect. President Donald Trump is now saying Canadian planemaker Bombardier can't sell in the U.S. unless it moves production to America. Stock futures are lower this morning after a mixed week for Wall Street. Here are five key things investors need to know to start the trading day:
1. Late start
Traders work on the floor of the New York Stock Exchange during afternoon trading on Sept. 3, 2026 in New York City. Michael M. Santiago | Getty Images
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