Xi arrives in D.C., Treasury yields hit multiyear highs, McDonald's growth plan and more in Morning Squawk
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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. Planning a home project? You may soon be able to get the tools by drone. Lowe's told CNBC that it is launching a drone delivery service in partnership with DoorDash and Alphabet 's Wing. Stock futures are falling this morning after a down day on Wall Street. Here are five key things investors need to know to start the trading day: Fears that the Federal Reserve will deliver another interest rate hike this year pushed Treasury yields to multiyear highs yesterday, in turn causing the three major averages to close the session lower. The S&P 500 saw its worst day in more than a month, and the Nasdaq Composite dropped more than 1%. Here's what to know: Chinese President Xi Jinping arrived at Maryland's Joint Base Andrews last night, where he was greeted on the tarmac by President Donald Trump ahead of today's high-stakes summit. As CNBC's Kevin Breuninger writes, the two leaders are expected to discuss trade, artificial intelligence and the Iran war before a state dinner this evening. Treasury Secretary Scott Bessent told Fox News yesterday that the U.S. and China agreed to extend their trade truce to Jan. 10. Chinese state media did not immediately note Bessent's comments, but a spokesperson for China's Commerce Ministry told reporters this morning that the two...
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McDonald's announced plans for its own media network to display third-party ads that it hopes can one day be a $1 billion business.
