Economy grows, chip tariff delay, new S&P 500 record and more in Morning Squawk

Economic Growth - The U.S. economy grew by 4.3% in the third quarter, exceeding economists' expectations, with consumer spending increasing by 3.5% after a 2.5% rise in the second quarter [6] - Holiday retail spending rose by 4.2%, driven by e-commerce and electronics, while 37% of Americans incurred holiday debt averaging $1,223, up from $1,181 the previous year [6] Stock Market and Investment - Stock futures and Treasury yields remained stable as the S&P 500 reached a new record, with tech stocks like Alphabet, Nvidia, Broadcom, and Amazon contributing to market buoyancy [2] - The delayed GDP report raised concerns among investors about the Federal Reserve's potential interest rate cuts in early 2026 [6] Corporate Developments - BP agreed to sell a 65% stake in its lubricants business Castrol to Stonepeak for $6 billion [3] - ServiceNow announced the acquisition of cybersecurity startup Armis for $7.75 billion, aiming to enhance its cybersecurity capabilities amid the rise of artificial intelligence [9]