Government shutdown update, the market’s rough week, PitchBook’s AI tool and more in Morning Squawk

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Here are five key things investors need to know to start the trading day:

All eyes were on Capitol Hill last night when the Senate approved the first step of a deal that could end the federal government shutdown. Effects of the 41-day closure escalated in the last week, as the FAA ordered airlines to cancel some flights and as the Trump administration refused to fund food stamps.

Here’s the latest:

• A group of eight Democratic Senators broke with party leadership to vote yes on the agreement that would fund the government through January. The procedural measure passed with a vote count of 60-40.
• The package doesn’t include an extension for enhanced Affordable Care Act tax credits, which Democrats made a lightning-rod issue during the shutdown. However, it contains a guarantee by Republicans for a vote on the matter next month.
• The measure’s passage sets up more votes on the agreement starting today. The House of Representatives and President Donald Trump will also need to sign off on the deal to officially end the shutdown, which is now the longest in American history.
• Transportation Secretary Sean Duffy warned earlier Sunday that U.S. air travel would be slowed to “a trickle” ahead of Thanksgiving after the Trump administration ordered the cancellation of hundreds of flights amid the shutdown.
• The Department of Agriculture, meanwhile, told states not to issue full SNAP benefits for this month and said it would slap penalties on any that didn’t “undo” full payments already made.
• The Supreme Court on Friday temporarily paused a federal judge’s order directing the Trump administration to fully fund food stamps for November.

Stocks are coming off a rough week, with the Nasdaq Composite recording its biggest weekly loss since April. Several well-known tech names including Oracle, Advanced Micro Devices and Broadcom weighed down the broader market, raising alarm about the health of the artificial intelligence trade.

But stock futures are higher this morning after the Senate’s vote gave traders hope that the end of the shutdown is in sight. It’s a light week for economic data and corporate earnings, which CNBC’s Sarah Min notes could allow space for some digestion of recent market action.

Follow live markets updates here.

Startup data provider PitchBook announced this morning that it’s launching a new artificial intelligence tool called PitchBook Navigator.

Beginning later this month, subscribers will be able to get insights on market deals and trends by asking the AI assistant questions. PitchBook is also integrating its product with ChatGPT.

As CNBC’s Jaures Yip points out, the new AI-powered tool comes amid a boom of interest in private market deals as the valuations of buzzy startups balloon.

Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz were indicted for their alleged roles in a sports betting scheme, federal prosecutors said yesterday. Authorities said the pair took bribes to rig bets on pitches thrown during MLB games.

The duo could face up to 20 years in prison if they are found guilty of the highest-offense charges. The MLB placed both players on leave in July as the league conducted an investigation.

It’s the latest betting scandal to rock major league sports after the federal government said in an indictment last month that confidential information about NBA players was leaked to bettors.

New data shows it might be more lucrative to help a millionaire work out than handle their money.

Professional network Long Angle found that about 1 in 5 millionaires are planning to axe their wealth advisors, and that only a third use one for financial planning. On the other hand, millionaires reported high satisfaction levels with their personal trainers and therapists, as well as with private schools for their kids.

Click here to read which services this group is most and least satisfied with.

Here are some key releases we’re keeping an eye on this week. Some economic data could not come out as scheduled depending on the government shutdown.

— CNBC’s Dan Mangan, Emily Wilkins, Sarah Min, Leslie Josephs, Jeff Cox, Sean Conlon, Jaures Yip, Ian Thomas and Robert Frank contributed to this report. Josephine Rozzelle edited this edition.