economy

January 2, 2026

Buffett hands over the reins, the stock market's losing streak, airline class wars and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

Buffett hands over the reins, the stock market's losing streak, airline class wars and more in Morning Squawk

TL;DR

  • Stock futures are up, but major indexes are on a four-day losing streak, with strategists expecting more all-time highs in 2026.
  • Warren Buffett has stepped down as CEO of Berkshire Hathaway, succeeded by Greg Abel, while Buffett remains chairman.
  • The AI industry is growing rapidly with new campuses, funded by borrowing, raising concerns about a bubble and attracting political attention.
  • Stellantis is reintroducing the gas-powered Ram TRX pickup truck for approximately $100,000.
  • U.S. airlines are increasingly focusing on premium offerings, while budget carriers like Spirit face financial difficulties.
  • Alphabet and General Motors recorded their biggest one-year gains in over a decade in 2025.
  • The U.S. market underperformed many international counterparts in 2025.

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