Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. The S & P 500 was flat Monday. The tech-heavy Nasdaq advanced on another rally in shares of Amazon , which secured a $38 billion cloud commitment from OpenAI. The deal was a good omen for Jim Cramer, who opposes the narrative that investors should get out of "Magnificent Seven" stocks because the market is too heavily concentrated in the cohort. "I feel good ...

Core Insights - Apple's stock experienced a significant increase of over 24% in the third quarter, providing Berkshire Hathaway an opportunity to realize profits [1] - Berkshire Hathaway reported a reduction of approximately $1.2 billion in the cost basis of its consumer products equity holdings, primarily due to sales of Apple shares [1] Berkshire's Apple Holdings - In 2024, Berkshire Hathaway sold two-thirds of its Apple shares, a surprising move for Warren Buffett, who is known for his long-term investment strategy [2] - As of the end of June, Apple remained Berkshire's largest holding, with 280 million shares valued at $57 billion [2] Upcoming Disclosure - Investors will gain further insight into Berkshire's Apple position with the upcoming 13F filing to the SEC, which will detail stock holdings changes through September 30 [3] Reasons for Selling - Buffett indicated that the sales of Apple shares might be for tax reasons, but there are speculations that concerns over Apple's high valuation also influenced the decision [4] - The size of the Apple stake had previously grown to account for more than half of Berkshire's investment portfolio, prompting considerations for portfolio management [4] Market Positioning - Berkshire Hathaway has been a net seller of stocks for 12 consecutive quarters, accumulating over $6 billion in cash during the third quarter [5] - Buffett's valuation metric for the stock market has reached an all-time high, a level he previously described as "playing with fire" [5]

A Pfizer logo is displayed at a research facility in the La Jolla neighborhood of San Diego, California, U.S., Sept. 30, 2025.Pfizer on Monday said it filed a second lawsuit against Novo Nordisk and Metsera, alleging that the Danish drugmaker's attempt to outbid Pfizer to acquire the obesity biotech is anticompetitive. Pfizer alleges that Ozempic maker Novo Nordisk's proposed acquisition of Metsera would help it maintain its dominant position in the blockbuster obesity market by eliminating a smaller potent ...

Core Viewpoint - Wall Street is observing a bifurcated or "K-shaped" economy as consumer spending behaviors diverge, with wealthier Americans increasing their spending while lower-income consumers are cutting back significantly [1][2]. Consumer Spending Trends - Wealthier Americans are spending more, benefiting from stock market gains and rising home values, while lower-income consumers are facing challenges due to inflation, with the Consumer Price Index showing a 0.3% monthly increase and an annual inflation rate of 3% [2][4]. - Companies like Chipotle report that consumers earning less than $100,000, representing about 40% of their customer base, are spending less frequently due to economic concerns, leading to a 0.8% decline in traffic for the quarter [6]. Earnings Reports and Company Responses - Recent earnings reports indicate the emergence of the K-shaped trend, with companies such as Yum Brands, McDonald's, E.l.f. Beauty, Tapestry, and Under Armour expected to report similar trends in their upcoming quarterly earnings [5]. - Coca-Cola's growth is driven by higher-priced products, while Procter & Gamble noted that wealthier customers are purchasing more from club retailers, contrasting with lower-income shoppers who are significantly reducing their spending [7]. - McDonald's has acknowledged the "two-tier economy" by expanding its value menu in response to changing consumer behaviors [8].

DETROIT — Sales of all-electric vehicles collapsed last month following the end of up to $7,500 in federal incentives for purchasing an EV, several automakers said Monday.Ford Motor, Kia and Hyundai Motor reported massive declines in EV sales as many buyers pulled ahead purchases before the credits ended under changes by the Trump administration.Ford, which ranked third in U.S. EV sales through the third quarter, reported a 25% drop in its year-over-year all-electric October sales. That included a 12% drop ...

Core Insights - Stellantis is investing $13 billion to revitalize its presence in the U.S. market after experiencing a $2.7 billion net loss in the first half of 2025 [1][4] - The company faced challenges due to high prices and outdated products, which negatively impacted its market performance despite initial success post-merger [2][3] - Stellantis has seen a decline in U.S. market share, losing approximately 5% over five years, prompting the need for a strategic investment to regain competitiveness [4] Financial Performance - Stellantis reported growing profits from $15.4 billion in 2021 to $20 billion in 2023, driven by pandemic-era price increases and inventory shortages [3] - The company anticipates trade barriers will cost it $1.7 billion in 2025, influencing its decision to invest in U.S. manufacturing [5] Strategic Initiatives - A portion of the $13 billion investment is allocated to upgrading U.S. factories for both new and existing models, aiming to reduce reliance on imported vehicles and associated tariffs [5] - The investment plan is part of a broader strategy to recapture market share and improve product offerings in response to shifting consumer preferences [4]

U.S. President Donald Trump speaks to members of the media as he arrives at Palm Beach International Airport in West Palm Beach, Florida, U.S., October 31, 2025.President Donald Trump, who recently suggested he would be at the Supreme Court on Wednesday for oral arguments in the case that will determine the fate of many of his wide-ranging tariffs, now says he will not attend."I will not be going to the Court on Wednesday in that I do not want to distract from the importance of this Decision," Trump wrote S ...

Core Insights - OpenAI has signed a $38 billion deal with Amazon Web Services (AWS) to utilize its cloud infrastructure, marking a significant shift away from its previous exclusive partnership with Microsoft [1][4][6] - The agreement allows OpenAI to run workloads on AWS, leveraging Nvidia's GPUs, with plans for future capacity expansion [2][10] - Following the announcement, Amazon's stock rose approximately 5%, indicating positive market sentiment regarding the deal [2] OpenAI's Strategic Moves - OpenAI has been actively diversifying its partnerships, recently announcing agreements worth around $1.4 trillion with various companies, including Nvidia, Broadcom, Oracle, and Google [3] - The new AWS deal signifies OpenAI's operational maturity and independence as it prepares for a potential IPO, with indications that it is moving towards a public offering [13][14] AWS's Position and Growth - AWS reported over 20% year-over-year revenue growth, outperforming analyst expectations, although growth rates were higher for Microsoft and Google at 40% and 34%, respectively [9] - AWS CEO highlighted the unique capabilities of AWS to support OpenAI's extensive AI workloads, emphasizing the immediate availability of optimized compute resources [9] Infrastructure and Technology - The initial phase of the agreement will utilize existing AWS data centers, with plans for Amazon to build additional infrastructure for OpenAI [2][11] - OpenAI's current agreement specifically involves the use of Nvidia chips, with potential for future integration of Amazon's custom-built Trainium chip [10][11] Market Implications - The deal reflects a competitive landscape in the cloud services market, as OpenAI expands its partnerships beyond Microsoft, which previously held exclusive rights [5][6] - The partnership with AWS is expected to enhance OpenAI's capabilities in both inference and training of advanced AI models, supporting its growth trajectory [11][12]

Core Insights - Beyond Meat's shares experienced a decline after the company announced a delay in its third-quarter financial results, now scheduled for November 11 [1] - The delay is attributed to the need for additional time to calculate a material non-cash impairment charge [1] Stock Performance - In October, Beyond Meat's stock saw a significant increase, rising from below $2 to nearly $8, driven by retail traders and its inclusion in the Roundhill Meme Stock ETF [2] - Following the recent news, shares dropped by 8% in early trading, falling to $1.52, which is below the $1.89 closing price at the end of September [2]

Core Insights - MongoDB's CEO Dev Ittycheria is stepping down after 11 years, with Chirantan "CJ" Desai set to take over on November 10, 2025 [1][2] - Ittycheria will remain on the board and has been instrumental in MongoDB's growth, including leading its IPO in 2017 [3][4] Leadership Transition - Desai, previously president of product and engineering at Cloudflare, has a background in leadership roles at ServiceNow, EMC, and Symantec [5][6] - Ittycheria indicated that the decision for succession was part of normal planning, and he felt unable to commit to another five years as CEO [2] Company Performance - MongoDB's stock has increased fifteenfold since its IPO, with a market cap nearing $30 billion [4] - The company reported a narrowed net loss of $47 million for the July quarter, with revenue rising 24% to $591 million [4][7] Future Outlook - Desai aims to grow MongoDB's revenue to over $5 billion in a sustainable and profitable manner, aspiring to establish the company as the gold standard in modern database technology [8] - MongoDB expects to exceed its guidance for revenue and adjusted earnings per share in the fiscal third quarter, with a top-end earnings estimate of 79 cents per share and $592 million in revenue [7][8]