Big bank earnings, Broadcom's OpenAI chip deal, record-high car prices and more in Morning Squawk

Group 1: Broadcom and OpenAI Partnership - OpenAI has officially announced a custom chip deal with Broadcom, leading to a nearly 10% increase in Broadcom's shares [1][6] - The partnership involves building and deploying 10 gigawatts of custom AI accelerators, marking OpenAI's entry into the chipmaking business [6] - Other chip stocks, including Nvidia, Taiwan Semiconductor, On Semiconductor, and Micron Technology, also experienced gains following the news [6] Group 2: Rare Earth Market Dynamics - U.S. rare earth miners' stocks are rallying due to China's tightening of export controls, which has reignited the U.S.-China trade dispute [7][8] - The U.S. Defense Department is accelerating efforts to stockpile $1 billion worth of critical minerals, highlighting the lack of domestic rare earth reserves [8] Group 3: Automotive Market Trends - The average price for a new car has surpassed $50,000 for the first time, indicating rising costs in the automotive sector [10] - Auto loan delinquency rates among individuals with low credit ratings are near all-time highs, reflecting a "K-shaped" economy in the U.S. [11]