Apple’s major event, Niccol’s time at Starbucks, Carlyle’s F1 agreement and more in Morning Squawk

Here are five key updates that investors should consider as they embark on today’s trading:

All eyes are on Cupertino today as Apple gears up for its launch event. Scheduled for 1 PM ET at its California headquarters, the event promises to reveal new products that have everyone buzzing.

What’s interesting about this event:

• CEO Tim Cook, along with other executives, is anticipated to unveil the latest iPhone models and new Apple Watches.
• Post-event, Apple will roll out iOS 26, featuring a new visual style called “Liquid Glass.”
• Interestingly, their stock took a dip during pre-market trading earlier today.
• Be sure to catch live updates from CNBC throughout the day.

Yesterday was quite a day for tech stocks, especially the Nasdaq, which hit new all-time highs. The positive momentum also lifted the Dow and S&P 500, with all three indices reporting gains.

This shift could play a role in upcoming decisions by the Federal Reserve, especially as investors await inflation reports scheduled for later this week. Although there are expectations for a quarter-point interest rate cut, there’s a slight possibility of a more significant, half-point decrease, according to insights shared by CNBC.

A revision of employment data will also be in focus, particularly after some changes made by President Trump to the Bureau of Labor Statistics committee in August. This revision will cover the 12-month period leading up to March 2025.

Stay tuned for live market updates.

A year has passed since Brian Niccol took the lead at Starbucks, aiming to steer the coffee giant towards a more successful future. In a discussion with CNBC, he shared insights about the company’s transformation and highlighted positive indications of returning non-reporting customers.

He mentioned that it’s exciting to see these customers coming back, suggesting that their strategies in-store are paying off.

For more on the changes at Starbucks, you might want to check out the full interview.

Exciting news surrounds StubHub as new details about its IPO plans emerge. The ticket platform is looking to raise around $851 million, with a potential valuation hitting $9.2 billion. They aim to offer over 34 million shares, priced between $22 and $25.

This week isn’t limited to StubHub; other companies like Klarna and the cryptocurrency firm Gemini are also expected to enter the public market.

Carlyle has announced a new partnership with a Formula 1 team, expanding its presence in sports. This collaboration brings Carlyle’s branding to various aspects of the racing experience, from vehicles to pit garages.

The deal comes amid a growing interest in Formula 1, as private equity firms increasingly seek partnerships with sports franchises to enhance brand visibility.

In other news, a significant migrant raid took place last week at the Hyundai facility in Erabelle, Georgia, resulting in over 400 arrests, predominantly involving Korean nationals. For further details on this situation, you can find additional coverage.