Trump calls off Canada trade talks, inflation data returns, Target layoffs and more in Morning Squawk

Group 1: Trade Relations - President Trump has ended all U.S. trade negotiations with Canada due to an advertisement aired by Ontario's provincial government featuring former President Reagan's voice, which criticized tariffs [1][2] - The Ronald Reagan Presidential Foundation stated that the ad misrepresents Reagan's 1987 remarks, which were edited without permission [2] Group 2: Economic Indicators - The Bureau of Labor Statistics is set to release September's consumer price index (CPI) report after a nine-day delay caused by the government shutdown, which is the second longest in history [3][5] - Economists expect the CPI to rise by 0.4% from August and 3.1% year-over-year, with core CPI projected to increase by 0.3% month-over-month and 3.1% year-over-year [5] Group 3: Corporate Developments - Target is cutting 1,800 corporate jobs, which is about 8% of its workforce, as part of efforts to return to growth after years of sluggish sales [4][6] - Ford Motor Company exceeded Wall Street expectations for the third quarter, but has slashed its full-year outlook due to a fire at an aluminum supplier, which is expected to cost between $1.5 billion and $2 billion [7][8] - Rivian, an electric vehicle maker, is laying off about 4.5% of its workforce, translating to over 600 job cuts [8] Group 4: Sports Industry - Miami Heat guard Terry Rozier and Portland Trail Blazers head coach Chauncey Billups were arrested in connection with gambling investigations, leading to their immediate leave from the NBA [10] - An indictment against former NBA player Damon Jones suggests he leaked information to bettors about players while affiliated with the Los Angeles Lakers [11]