Tariffs, flight cancellations, OpenAI's spending reset and more in Morning Squawk
CNBC·2026-02-23 13:29
Group 1 - Stock futures are lower following a winning week for all three major indexes [1] - The Northeast is under a blizzard warning, leading to thousands of flight cancellations as airlines waive change and cancellation fees [2][3] - OpenAI expects total compute spend to reach approximately $600 billion by 2030, a significant decrease from the previously projected $1.4 trillion [9][10] Group 2 - Hasbro has reported a 14% overall revenue growth in the 2025 fiscal year, with a 45% growth in its Wizards of the Coast unit, while Mattel's net sales declined by 1% [11][12] - Mattel's American Girl brand is facing challenges as sales are significantly lower than their peak a decade ago [13]