Government shutdown update, the market's rough week, PitchBook's AI tool and more in Morning Squawk

In a significant move, the Senate has taken a crucial step towards resolving the ongoing federal government shutdown. The effects of the 41-day closure have intensified recently, with the FAA mandating airlines to cancel certain flights, while the Trump administration has withheld funding for food stamps. The stock market is rebounding after a challenging week, during which the Nasdaq Composite experienced its largest weekly loss since April. Major tech companies like Oracle, AMD, and Broadcom contributed to this downturn, raising concerns about the stability of the artificial intelligence sector. However, stock futures are looking up this morning, buoyed by the Senate's vote, which has rekindled optimism for an end to the shutdown. In other news, PitchBook, a startup data provider, announced the upcoming launch of its new AI tool, PitchBook Navigator. Set to debut later this month, this tool will allow subscribers to gain insights into market deals and trends through simple inquiries to the AI assistant. Additionally, PitchBook will integrate its services with ChatGPT, reflecting the growing interest in private market deals as valuations of startups continue to soar. Meanwhile, Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz have been indicted for their alleged involvement in a sports betting scandal. Federal prosecutors claim the players accepted bribes to manipulate bets based on their pitching performance during MLB games. If convicted of the most serious charges, they could face up to 20 years in prison. The MLB has placed both players on leave as investigations continue, adding to the wave of scandals surrounding major league sports and betting. In a surprising turn of events, recent data suggests that millionaires might find greater value in hiring personal trainers over wealth advisors. According to the professional network Long Angle, about 20% of millionaires are considering dismissing their financial advisors, with only a third utilizing such services for financial planning. In contrast, many expressed high satisfaction with personal trainers, therapists, and private schools for their children. As the week progresses, we will be closely monitoring key economic releases, although some may be delayed due to the ongoing government shutdown. Stay tuned for updates as the situation evolves.