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Happy Friday. U.S.-listed shares of Stellantis are down more than 25% this morning after the automaker said it expects to take a $26 billion hit from a business overhaul. The Chrysler and Dodge parent’s stock was already having a tough year: Shares have dropped more than 12% to start 2026.
Stock futures are rising this morning as the three major indexes look to rebound from another day of losses.
Here are five key things investors need to know to start the trading day:
1. Chilly conditions
Bitcoin signage in Times Square in New York, Dec. 9, 2025.
Michael Nagle | Bloomberg | Getty Images
Yesterday was a tough day for closely followed asset classes, from stocks to crypto. It’s shaping up to be a blistering week for several risk-on and speculative trades, as concerns around corporate AI spending and the technology’s potential to disrupt the software industry hurt broader investor sentiment.
Here’s what to know:
2. Add to cart
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters.
Sven Hoppe | Picture Alliance | Getty Images
Amazon shares are down more than 8% this morning. The e-commerce giant beat revenue expectations for the fourth quarter yesterday, but earnings per share came in modestly short of Wall Street’s expectations.
Investors appeared wary of the company’s plan to shell out $200 billion in capital expenditures this year, focused mainly on data centers. CEO Andy Jassy Amazon said he was “confident” in the spending plan, which would see Amazon’s capital expenditure doubling by the end of 2027.
Anxiety around megacap tech firms’ AI spending — Alphabet and Meta have also announced big spending plans in recent days — has rattled Wall Street. As CNBC’s Kai Nicol-Schwarz reports, Big Tech companies wiped out more than $1 trillion from their market cap this week.
3. Price check
A sign is displayed during an event held by U.S. President Donald Trump to announce a deal with Eli Lilly and Novo Nordisk to reduce the prices of GLP-1 weight‑loss drugs in the Oval Office at the White House in Washington, D.C., U.S., Nov. 6, 2025.
Jonathan Ernst | Reuters
President Donald Trump officially launched his long-awaited TrumpRx platform last night. As CNBC’s Annika Kim Constantino and Jacob Pramuk report, the direct-to-consumer site is a key pillar of his efforts to lower prescription drugs prices in the U.S.
Trump touted the website as a tool that will save millions of Americans money, but it’s unclear if all patients would see lower costs through the website compared with other methods. The site itself is not a direct sales platform, but instead points users to places where they can find drugs at a discount.
The White House has homed in on prescription drug prices, which data shows are two to three times more expensive on average than those in other developed countries. But some experts doubt whether the TrumpRx platform alone will solve the industry’s broader affordability problem.
4. Bob’s your uncle
A sign for Bob’s Discount Furniture is displayed on the facade of the New York Stock Exchange (NYSE) during the company’s IPO in New York City, U.S., Feb. 5, 2026.
Brendan McDermid | Reuters
Shares of Bob’s Discount Furniture finished near flat in their debut on the New York Stock Exchange yesterday. The stock was priced for its initial public offering at $17 per share, which valued the Connecticut-based company at $2.22 billion
As CNBC’s Melissa Repko notes, the furniture retailer’s move to the public market comes near the start of what’s expected to be another strong year for IPOs. Traditional IPOs raised $33.6 billion in 2025 — their best year since 2021.
Other retailers didn’t make it out of the trading day as easily. Peloton shares plunged more than 25% after reporting weak quarterly earnings and demand, while Estée Lauder tumbled more than 19% after telling investors to expect a $100 million hit to full-year profitability due to tariffs.
5. Head-to-head
A general view of the Seattle Seahawks helmet and New England Patriots helmet displayed in inside of the Levi’s Stadium prior to Super Bowl LX on February 4, 2026 in Santa Clara, California.
Don Juan Moore | Getty Images
The Seattle Seahawks and New England Patriots aren’t the only ones squaring off this weekend. OpenAI CEO Sam Altman is sparring with competitor Anthropic over its Super Bowl ad campaign.
As CNBC’s Ashley Capoot reports, Anthropic’s ad released this week takes a swipe at OpenAI’s decision to begin testing ads on ChatGPT. While Altman acknowledged that the campaign was “funny,” he said that it was also both “deceptive” and “clearly dishonest.”
If you’re watching the big game on Sunday, you’ll likely also catch an ad for Trump accounts. The spot, paid for by nonprofit advocacy group Invest America, is the latest part of the Trump administration’s push to spread awareness about the program.
The Daily Dividend
Here are some of the articles we’d recommend circling back to this weekend:
CNBC’s Sarah Min, Sean Conlon, Liz Napolitano, Lee Ying Shan, Jordan Novet, Annie Palmer, Sawdah Bhaimiya, Annika Kim Constantino, Jacob Pramuk, Melissa Repko, Gabrielle Fonrouge, Laya Neelakandan, Ashley Capoot, Jessica Dicker and Kate Dore contributed to this report. Josephine Rozzelle edited this edition.
