Amazon's earnings rally, Netflix's stock split, chocolate inflation and more in Morning Squawk

As investors prepare for the trading day, several significant developments are shaping the financial landscape. Notably, a wave of earnings reports from leading tech companies has emerged, with the latest figures appearing to have a more tempered impact than those from Meta. In a show of unity, major airlines including Delta, United, and American have collectively urged an end to the ongoing federal government shutdown, now in its 31st day. During a roundtable discussion at the White House, representatives from Airlines of America emphasized the detrimental effects of the shutdown, particularly highlighting that U.S. air traffic controllers have missed their paychecks this week. Delta's statement called for the Senate to swiftly pass a continuing resolution, stressing the added stress on essential workers already coping with mandatory overtime. The Chamber of Commerce has revealed that government contractors are collectively losing about $3 billion weekly due to the shutdown, while the Congressional Budget Office warns that the economic fallout could exceed $7 billion in GDP losses by next year. On the energy front, Chevron has surpassed Wall Street expectations with impressive earnings, reporting a record production of 4.1 million barrels in the third quarter, aided by its acquisition of Hess. Conversely, Exxon Mobil fell short of analysts’ predictions, with a 12% decline in net income to $7.55 billion for the same period. Investors are encouraged to tune in to CNBC for insights from both CEOs, Darren Woods of Exxon Mobil and Mike Wirth of Chevron. In a troubling turn for the automotive industry, concerns are rising over a potential semiconductor chip shortage. This issue has been exacerbated by geopolitical tensions, particularly following the Dutch government’s takeover of Nexperia, a chip supplier owned by a Chinese firm. In response, China has restricted exports of Nexperia's products, prompting automakers to establish monitoring “war rooms,” with Honda already scaling back production. Shares of Stellantis also dipped nearly 9.5% after the company announced unexpected costs that overshadowed an otherwise positive third quarter. For those with a sweet tooth, the rising prices of chocolate may present a bitter reality. Prices have surged nearly 30% since last Halloween and have increased almost 78% over the past five years, according to Circana and the Bureau of Labor Statistics. The decline in chocolate's market share during Halloween candy sales—from 52% in 2024 to 44% this year—signals a shift as consumers explore cheaper alternatives. With the government shutdown continuing, a Federal Reserve meeting on the horizon, and a slew of earnings reports being released, it's easy to miss critical updates. Investors are encouraged to stay informed on these dynamic market changes.