This 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.”
4. Contempt of cart
The Amazon website is seen on a smart phone on July 14, 2019 in Orlando, Florida.
Paul Hennessey | NurPhoto | Getty Images
The Federal Trade Commission and 22 state attorneys general are taking Amazon to court.
In a lawsuit filed yesterday, the group alleges that Amazon “secretly and systematically overcharged” advertisers through price manipulation. The suit also claims that Amazon may have raked in more than $20 billion via “hidden surcharges” going back to a change in its auction rules from 2019.
FTC Chairman Andrew Ferguson said in a statement that the higher costs facing advertisers “were largely passed on to American consumers.” Amazon in a blog post slammed the lawsuit as “misguided,” saying it “fundamentally misunderstands how advertisers operate.” Shares of the e-commerce giant fell 2.5% in yesterday’s session.
5. Infomercial
TikTok has officially launched its e-commerce service TikTok Shop in the U.S.
Costfoto | Nurphoto | Getty Images
After years of success in China, so-called livestream shopping is becoming all the rage in the U.S. Apps like TikTok and Whatnot are largely to thank.
The U.S. industry is forecast to see almost $20 billion in sales this year, according to eMarketer, more than double 2024’s figure and a roughly 35% year-over-year increase.
As CNBC’s Ryan Baker reports, livestream shopping can act as a bridge between brick-and-mortar and digital retail. While the U.S. market is quickly gaining steam, it’s still dwarfed by China’s.
The Daily Dividend
Trump brushed off the brewing backlash to artificial intelligence data centers yesterday. Here’s what he wrote in a Truth Social post:
The only reason that communities throughout the U.S.A. should not want Data Centers is if they want to end up being backwards and poor.
— CNBC’s Ashley Capoot, Jonathan Vanian, Sean Conlon, Hugh Leask, Justina Lee, Chloe Taylor, Spencer Kimball, Luke Fountain, Lee Ying Shan, Tobias Burns, Kevin Breuninger, Jeff Cox, Annie Palmer, Dan Mangan and Ryan Baker contributed to this report.
Luke Fountain assisted in the production of this newsletter. Josephine Rozzelle edited this edition.
