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A Dick’s Sporting Goods logo is displayed outside one of their stores on October 10, 2025 in San Diego, California. Kevin Carter | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Checking outA number of retail giants reported earnings this morning, offering the latest reading on the consumer in the run-up to Black Friday. The releases follow last week’s slew of retail earnings.Here’s the latest reports:2. AI’s leaderboardA Broadcom sign is pictured as the company prepares to launch new optical chip…

An Abercrombie & Fitch store stands in midtown Manhattan in New York City on Oct. 24, 2024.Spencer Platt | Getty ImagesShares of Abercrombie & Fitch soared 30% in morning trading on Tuesday after the company showed investors it’s set to keep growing, even as its namesake brand slows down. During the apparel retailer’s fiscal third quarter, Abercrombie brand sales fell 2%. But for at least the third quarter in a row, Hollister saved the retailer, as sales climbed 16%. CEO Fran Horowitz said sales at Abercrombie are expected to be flat in the current quarter, indicating growth at Hollister is…

Mifepristone and Misoprostol pills are pictured Wednesday, Oct. 3, 2018, in Skokie, Illinois.Erin Hooley | Chicago Tribune | Tribune News Service | Getty ImagesJust over a year since Donald Trump was elected president again, the $6.9 billion abortion pill industry is operating under the same federal rules he inherited from former President Joe Biden — but new threats to the drug are mounting.Between a Food and Drug Administration safety review that could upend distribution, legal battles over whether the pill can stay on the market, and anti-abortion rhetoric from activists and the Trump administration, drugmakers appear to be bracing for…

A Dick’s Sporting Goods store in Pleasant Hill, California, US, on Monday, Nov. 24, 2025. David Paul Morris | Bloomberg | Getty ImagesDick’s Sporting Goods is planning to close a slew of Foot Locker stores now that its acquisition of the sneaker company is complete, the company said Tuesday when announcing fiscal third-quarter earnings.  It’s unclear how many stores Dick’s plans to shutter, but the closures are part of a larger restructuring it’s implementing so Foot Locker isn’t a drag on its profits come fiscal 2026, Dick’s Executive Chairman Ed Stack told CNBC’s Courtney Reagan. “We need to clean out the garage,”…

A Best Buy store in Pinole, California, US, on Monday, Nov. 24, 2025. Best Buy Co. is expected to release earnings figures on November 25. David Paul Morris | Bloomberg | Getty ImagesBest Buy hiked its full-year forecast Tuesday, as it topped Wall Street’s quarterly sales expectations and customers turned to the retailer to upgrade laptops and splurge on new gaming consoles and smartphones. The consumer electronics retailer said it now expects revenue of between $41.65 billion to $41.95 billion for the full year, higher than its previous range of $41.1 billion to $41.9 billion. It expects adjusted earnings per…

Tests of ByHeart infant formula tied to a botulism outbreak that has sickened dozens of babies showed that all of the company’s products may have been contaminated.Laboratory tests of 36 samples of formula from three different lots showed that five samples contained the type of bacteria that can lead to the rare and potentially deadly illness, the company said Monday on its website. “Based on these results, we cannot rule out the risk that all ByHeart formula across all product lots may have been contaminated,” the company wrote.At least 31 babies in 15 states who consumed ByHeart formula have been…

The ceasefire agreement that came into effect last month has revealed the contours of Israel-Arab relations, and the political leverage Arab states hold in Washington. It also underscored that Israel could not have achieved its military gains in the region, nor carried out the genocide in Gaza, without cooperation and political cover from several Arab states. Since the outset, these states have sought to extract political and strategic advantages from the devastation. The Saudi crown prince’s White House visit last week further reflected this strategy. He succeeded in persuading the US administration to approve the sale of advanced F-35 aircraft to Saudi…

A sign opposing a zoning change for a Microsoft data center appears in Caledonia, Wisconsin, on Sept. 19, 2025.Jordan Novet | CNBCThe village of Caledonia, Wisconsin, sandwiched between Chicago and Milwaukee along Lake Michigan, is dotted with corn and soybean fields, single-story homes and traffic signs alerting drivers to horseback riders.In September, when Microsoft, the world’s third most-valuable company, sought to rezone 244 acres of agricultural land for a data center, 40 of the 49 people who spoke before the village’s planning commission opposed the plan.They worried about noise. They said air quality, already in violation of federal standards, could…

ADDIS ABABA, Ethiopia (AP) — Volcanic activity in northern Ethiopia’s long-dormant Hayli Gubbi volcano subsided Tuesday after an eruption over the weekend that left a trail of destruction in nearby villages and caused flight cancellations after ash plumes disrupted high-altitude flight paths.Villages in the district of Afdera in the Afar region were covered in ash, officials said residents were coughing, and livestock found their grass and water totally covered.Airlines cancelled dozens of flights scheduled to fly over affected areas as the meteorological department said the ash clouds were expected to clear later on Tuesday.India’s flag carrier, Air India, said it…

Emily KeoghNov 25, 2025, 06:41 AM ETCloseBased in London, Emily Keogh is ESPN’s women’s soccer correspondent, specializing in the WSL and UWCLRuesha Littlejohn was shown a straight-red card for the incident. Stuart Leggett/MI News/NurPhoto via Getty ImagesCrystal Palace midfielder Ruesha Littlejohn is likely facing a lengthy ban after she was sent off for placing Leicester City’s Hannah Cain in a headlock and wrestling her to the ground during their League Cup clash Sunday.The Republic of Ireland International reacted to another small altercation between opponents during Palace’s 3-0 win.Littlejohn, who joined Palace in September, gave Cain a slight push before the Wales…