Apple's new CEO, G20 meetings continue, the FTC sues Amazon and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Apple Announces New Chief Executive
John Ternus stepped into the chief executive role at Apple today, ending Tim Cook’s 15‑year tenure as CEO. Cook will move into the position of executive chairman, a shift he announced on his final day leading the company. In a post on X, Cook wrote that his title changes tomorrow but his affection for the Apple community remains unchanged, adding that he is “excited for the next chapter.”
CEO Transition
Ternus, a longtime Apple executive, has kept a low public profile since the succession plan was revealed in April. He answered a single analyst question during Apple’s earnings call last month, and his first major appearance as CEO is expected at the company’s annual launch event next week, where Apple plans to unveil new iPhone models and Apple Watches.
Apple Launch Event
The upcoming launch will give investors and consumers a first look at Apple’s latest hardware. Analysts anticipate that the event will set the tone for the company’s performance under Ternus’s leadership and provide insight into the strategic direction Cook will pursue as executive chairman.
Bond Yields Rise
Global bond yields climbed this morning, driven by persistent inflation worries and rising oil prices linked to the conflict in Iran. The U.S. 10‑year Treasury note reached its highest level since January 2025, reflecting heightened market sensitivity to both commodity costs and geopolitical risk.
G20 Finance Ministers Meet
Finance ministers from the Group of 20 gathered in North Carolina today, continuing discussions that began earlier in the week. The agenda features a fireside chat with Fox Business host Larry Kudlow, former director of the National Economic Council, and a press conference led by Treasury Secretary Scott Bessent.
Growth Focus
Bessent told reporters that the United States must “grow our way out” of its mounting debt burden. Federal Reserve Chairman Kevin Warsh echoed the growth theme in brief remarks to the international finance leaders, describing the current environment as one of “secular growth” and a “global investment surge.” In a CNBC interview, Bessent responded to billionaire investor Stanley Druckenmiller’s criticism of Treasury market interventions, noting that the investor “changes his mind a lot.”
Livestream Shopping Surge
U.S. livestream shopping, popularized by platforms such as TikTok and Whatnot, is projected to generate nearly $20 billion in sales this year, according to eMarketer. That figure represents more than double the 2024 total and a roughly 35 percent year‑over‑year increase. Analysts say the format bridges the gap between traditional brick‑and‑mortar stores and digital retail, though the market remains far smaller than China’s established livestream ecosystem.
Trump Comments on AI
Former President Donald Trump dismissed growing criticism of artificial‑intelligence data centers in a post on Truth Social yesterday. While the exact wording of his message was not provided, his remarks signaled a lack of concern about the backlash surrounding the technology’s environmental and security implications.
Source: cnbc.com · 2026-09-01