Apple's AI leadership, Costco's tariff lawsuit, Cyber Monday Shopify outage and more in Morning Squawk

Group 1: Federal Reserve Leadership - President Donald Trump is expected to nominate Kevin Hassett as the next Federal Reserve chair, with prediction markets indicating a high likelihood of this outcome [2] - The new chair will face significant challenges as the Federal Reserve is currently divided on monetary policy direction [3] Group 2: Apple and AI Developments - Apple announced a major leadership change in its artificial intelligence division, with John Giannandrea stepping down and Amar Subramanya taking over [4] - This leadership shift comes amid concerns that Apple's AI technology is falling behind competitors [4] Group 3: Nvidia and Synopsys Partnership - Nvidia has purchased $2 billion worth of Synopsys stock to enhance its computing and AI engineering capabilities, with CEO Jensen Huang describing the agreement as a "huge deal" [5] - Following the announcement, Synopsys shares rose nearly 5%, while Nvidia's stock increased by more than 1% [5] Group 4: Costco's Legal Action - Costco has filed a lawsuit against the Trump administration seeking a refund for tariffs paid this year and to block the collection of these tariffs while the Supreme Court reviews their legality [6][7] - The lawsuit highlights the economic implications of the tariffs, with Costco warning about potential difficulties in obtaining refunds if the court rules against the tariffs [7][8] Group 5: Shopify Outage Impact - Shopify experienced a significant outage during a critical online shopping event, leading to a nearly 6% drop in its stock price [9] - The outage affected merchants' ability to log in and access point-of-sale systems, although the platform began to recover by mid-afternoon [10]