AWS outage, what's next for bank investors, automaker earnings and more in Morning Squawk

Investors are starting their trading day with a sense of caution as they navigate the aftermath of a recent AWS outage that has impacted several high-profile websites. Downdetector has reported significant accessibility issues for users trying to reach services like Disney+, Snapchat, and Venmo. Although Amazon has indicated that recovery efforts are underway, the outage has also complicated travel plans for Delta and United customers, who found themselves unable to check in or access flight information. On Wall Street, the focus has shifted to potential risks within the banking sector following the revelation of problematic loans. This recent turmoil has overshadowed earnings reports from major financial institutions, leaving investors on edge as they seek any additional signs of instability. In the realm of artificial intelligence, Anthropic is facing scrutiny not only from industry competitors like OpenAI but also from the federal government. The startup has rejected government attempts to impose oversight over AI at the state level, contrasting sharply with OpenAI's advocacy for reduced regulation. David Sacks, a prominent figure in the AI and crypto landscape, criticized Anthropic's approach, suggesting it caters to a regulatory strategy that capitalizes on fear. This year has proven challenging for automakers as they contend with rising costs and supply chain disruptions. Despite these hurdles, industry analysts suggest that the sector is performing better than anticipated. However, concerns are mounting regarding consumer and supplier health, especially with major players like Ford, General Motors, and Tesla set to announce their earnings this week. Additionally, a notable trend among younger consumers is driving a resurgence in vintage-inspired products. Retailers are expected to benefit from the surge in trading card sales, which have seen a nearly 70% increase at Target this year, potentially surpassing $1 billion in revenue. Brands like Gildan's Comfort Colors are also gaining traction, particularly among Gen Z shoppers who are drawn to their retro designs and soft fabrics. As the week progresses, economic data releases may be affected by the ongoing federal government shutdown, raising further concerns for investors. Stay tuned as we continue to monitor these developments.