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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
Wall Street is making up for lost time after the market was closed yesterday for Labor Day. Stock futures are off to a rocky start in the shortened trading week as more conflict in the Middle East sends oil prices to multiweek highs.
Here’s what to know:
- Dow Jones Industrial Average futures slid around 400 points in extended trading.
- Brent and West Texas Intermediate crude both jumped to six-week highs yesterday and are adding to gains this morning.
- Bond yields are slightly higher, with investors continuing to watch the key 4.8% level for the 10-year U.S. Treasury‘s.
- Stocks slipped on Friday after the unexpectedly strong jobs report (notably driven by women), leading the Dow to record its third negative week of the last four.
- Now, investors are turning their attention to the latest inflation readings.
- Follow live markets updates here.
2. Hit the road
A driver refuels a vehicle at a Shell gas station in Palo Alto, California, US, on Tuesday, July 21, 2026. David Paul Morris | Bloomberg | Getty Images
Gas prices set a new Labor Day record in the U.S. yesterday. The national average was $4.15 per gallon, marking the first time it topped $4 on the holiday, according to AAA.
As CNBC’s Sarah Agostino reports, that easily surpasses the prior Labor Day peak set in 2012. Because Labor Day is a popular time for road trips, U.S. travelers may be shelling out more than usual.
Still, value-minded vacationers haven’t appeared to be pulling back in an era of higher prices. On the other end of the spectrum, the “fallcation” period is just getting started for the wealthy.
3. Jet crash
An Amazon cargo plane crashed after overshooting the runway at Miami International Airport (MIA) in Miami, Florida, on Sept. 6, 2026. The Boeing 767-300, operated by 21 Air as Prime Air Flight 7598, overshot the runway and burst into flames on Sunday, killing at least five people and shutting down the airport’s runways. Eva Marie Uzcategui/Bloomberg via Getty Images
An Amazon cargo jet on Sunday overran the runway at Miami International Airport. At least five people are dead and another five were injured.
The plane went about 1,300 feet past the runway, crashing into vehicles both inside and outside the airport perimeter. Jennifer Homendy, chair of the National Transportation Safety Board, said the scene is one of “utter devastation,” with “debris everywhere.”
Homendy said investigators will be on site for at least one week and hope to release more details today. The investigators recovered the flight data recorder and cockpit voice recorder, she said.
4. Feeling fAtIgue
In an aerial view, the Meta El Paso Data Center is seen on August 13, 2026 in El Paso, Texas. Brandon Bell | Getty Images
Anthropic, OpenAI, Meta and Google all rolled out model updates tied to artificial intelligence last week.
As CNBC’s Jonathan Vanian reports, tech companies are ramping up their pace of innovation to stay at the forefront of AI. But as Runpod CEO Zhen Lu put it, there’s also the concern of “model fatigue.”
Meanwhile, the AI boom continues to drive up prices for rural land that developers are eyeing for data centers. As CNBC’s Tobias Burns writes, that’s resulting in backlash from some local residents.
5. ISO: CISOs
U.S.-based cybersecurity giant CrowdStrike has warned of increasing cyberattacks from China-based entities aimed at stealing artificial intelligence to narrow the tech gap with the U.S.Bill Hinton | Moment Mobile | Getty Images
AI is upping the ante for security leaders. As CNBC’s Samantha Subin reports, it’s put the chief information security officer role into the spotlight.
In the age of AI, they need more than just cybersecurity expertise and experience with government or compliance matters. CISOs manage security for internal AI agents and help keep critical data from leaking.
For the right candidates, the CISO job market is hot as companies look to stay ahead of the mounting cybersecurity threats. Security chiefs are now in more boardroom meetings and conversations with CEOs as the landscape shifts.
The Daily Dividend
Here’s what we’re watching in the holiday-shortened trading week:
- Tuesday: The New York Federal Reserve’s Survey of Consumer Expectations
- Thursday: Macy’s earnings (before the bell), Reformation and Adobe earnings (after the bell); Producer price index for August
- Friday: Consumer price index for August
— CNBC’s Fred Imbert, Greg Iacurci, Justina Lee, Lee Ying Shan, Jeff Cox, Sean Conlon, Jonathan Vanian, Tobias Burns, Sarah Agostino, Robert Frank and Samantha Subin contributed to this report. Terri Cullen edited this edition.
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