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Here are five key things investors need to know to start the trading day:
1. The leaderboard
The federal government shutdown has officially entered its sixth day, making it the 10th-longest closure in U.S. history by NBC News’ count. But the stock market seems to still be taking the political uncertainty on the chin — at least for now.
Here’s the latest:
The Senate on Friday voted against funding bills that would have ended the stalemate. Democrats and Republicans each proposed legislation, but neither version could get enough support from across the aisle.White House economic advisor Kevin Hassett said that layoffs of federal employees will commence if President Donald Trump believes negotiations are “going nowhere.”Stocks are coming off a winning week as Wall Street appears to bet that the shutdown wouldn’t last long enough to have a notable economic impact.Still, gold and bitcoin have surged in recent days as investors look for safe-haven trades.Follow live markets updates here.
2. Let’s make a deal
A Mitac Holdings Corp. G8825Z5 8U server equipped with Advanced Micro Devices Inc. Instinct MI350 GPUs on display during the Computex conference in Taipei, Taiwan, on May 21, 2025.
Annabelle Chih | Bloomberg | Getty Images
Breaking news this morning: OpenAI has reached a deal with Advanced Micro Devices that could give it a 10% stake in the chipmaker.
OpenAI said the agreement would be worth billions, but it didn’t provide a specific dollar amount. Shares of AMD skyrocketed 30% following the announcement, meanwhile shares of Nvidia dropped more than 1%. Don’t miss OpenAI President Greg Brockman and AMD CEO Lisa Su on CNBC TV at 9:30 a.m. ET.
Also this morning, Fifth Third Bancorp said it would acquire fellow regional bank Comerica in a $10.9 billion, all-stock deal. Following the acquisition, it will be the ninth-largest U.S. bank. Fifth Third CEO Tim Spence will join CNBC TV at 8:45 a.m. ET. Watch live on CNBC+ or the CNBC Pro stream.
3. The naughty list
People walk past the Macy’s Herald Square flagship store on November 29, 2024 in New York City.
David Dee Delgado | Getty Images
Online holiday shopping growth is expected to be weaker than in recent years, according to new data from Adobe Analytics.
The firm expects online sales during the upcoming period to rise 5.3% from a year ago. That’s below the growth rate of 8.7% seen during the same period last year, as well as the 10-year annual average of around 13%.
Adobe’s forecast is only the latest sign that the all-important holiday shopping season could be more drab than cheery. Previously released data has shown soft expectations for total spending and seasonal hiring.
4. Power move
The Stargate AI data center in Abilene, Texas, US, on Wednesday, Sept. 24, 2025.
Kyle Grillot | Bloomberg | Getty Images
If it wasn’t already clear, Big Tech can’t get enough energy.
OpenAI is reviewing hundreds of proposals as it looks for its next data center sites tied to the $500-billion Stargate project. CNBC’s MacKenzie Sigalos takes you behind the scenes of the nationwide hunt with Keith Heyde, the 36-year-old Meta alum at the center of the company’s search for locations.
Meanwhile, more Americans seem to be adopting a yes-in-my-backyard mentality as major tech firms turn to nuclear to power artificial intelligence data centers.
5. Gold rush
A billboard advertises “The Official Release Party of a Showgirl,” a movie celebrating Taylor Swift’s new album “The Life of a Showgirl,” in Times Square, New York City, U.S., Oct. 3, 2025.
Kylie Cooper | Reuters
Make room, Paul Thomas Anderson. Taylor Swift’s film experience set a record this weekend — pun intended.
In partnership with AMC, the “Opalite” singer brought a 90-minute movie to cinemas for only this weekend in celebration of her new album, “The Life of a Showgirl.” CNBC’s Sarah Whitten reports that the three-day run brought in an estimated $33 million in the U.S., marking it the largest album debut event in movie theater history.
The Daily Dividend
Here’s what we’re keeping an eye on this week. However, some data releases may not happen as expected if the government shutdown continues.
Monday: Constellation Brands earnings (after the bell)Tuesday: Trade balance data; consumer credit dataWednesday: FOMC meeting minutesThursday: Jobless claims; final wholesale inventories for August; Delta and PepsiCo earnings (before the bell)Friday: Preliminary Michigan consumer sentiment data for October
CNBC Pro subscribers can see a full calendar and rundown for the week here.
— CNBC’s Sarah Whitten, Ashley Capoot, MacKenzie Sigalos, Melissa Repko, Sarah Min, Sean Conlon, Fred Imbert, Kevin Breuninger and NBC News contributed to this report. Josephine Rozzelle edited this edition.
