G20 on AI policy, Snowflake earnings, Ford's production push and more in Morning Squawk
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In this article This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. Breaking news this morning: Nvidia has agreed to buy open-source artificial intelligence platform Hugging Face for nearly $13 billion. Stock futures are mixed this morning after a winning day on Wall Street. Here are five key things investors need to know to start the trading day: The G20 wrapped up its two-day Innovation Ministerial yesterday, where technology leaders and government representatives talked artificial intelligence, data centers and tariffs. Here are some of the biggest headlines out of the gathering: After hitting its highest level since 2023, the 10-year U.S. Treasury yield pulled back in Wednesday's session, providing relief for other corners of the market. New York Federal Reserve President John Williams told CNBC yesterday that the recent yield jumps should be seen as a sign of a strong economy rather than as market dysfunction. Williams also said he would have to "wait and see" before deciding whether an interest rate hike would be necessary to calm inflation. The three major averages snapped three-day losing streaks yesterday. Follow live market updates here. Snowflake soared 24% in extended trading after the company raced past analysts' second-quarter estimates, pointing to growth in its AI coding business. If that gain...
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