Treasury yields surge, Target earnings, 'doomjobbing' and more in Morning Squawk

In today’s financial landscape, stock futures are showing an upward trend following a downturn on Wall Street. Investors are keenly focused on interest rates as the 30-year U.S. Treasury yield reached heights not seen since before the Global Financial Crisis, sparking concerns of a potential interest rate hike. In retail news, Target has reported a robust performance for the first quarter, surpassing Wall Street's expectations with a 5.6% increase in same-store sales. This marks the retailer's first positive number in this key metric in five quarters. Target has also upgraded its revenue forecast for the year, leading to a rise in shares during premarket trading. CEO Michael Fiddelke expressed optimism, stating, "We know our work is just beginning, and we have confidence we're on the right path because guests are responding in areas where we are leaning in and driving change." Lowe’s also reported better-than-expected revenue and earnings, although shares dipped by 2% before the market opened. CEO Marvin Ellison attributed the performance to resilience amid a challenging housing market. In technology developments, Google unveiled its latest AI model, Gemini 3.5 Flash, at its annual developer conference. CEO Sundar Pichai highlighted that this new model is more cost-effective compared to similar offerings. Additionally, Google showcased a new general-purpose AI agent and a world model designed to mimic real-world environments. The tech giant also presented its upcoming audio smart glasses, developed in collaboration with Samsung and eyewear brands Warby Parker and Gentle Monster. In the AI sector, notable movement is seen with Andrej Karpathy, a co-founder of OpenAI and former Tesla leader, joining Anthropic. His role will involve working on the pretraining team, focused on enhancing the capabilities of the AI model Claude. Meanwhile, Stellantis is facing challenges under CEO Antonio Filosa, who plans to reveal a turnaround strategy for the automaker. Expectations are set on how the company will address its market share decline and navigate rising competition. Lastly, a new phenomenon termed "doomjobbing" has emerged, where job seekers find themselves endlessly scrolling through job listings. Experts suggest that instead of applying en masse, candidates should prioritize networking and building their personal brands to enhance their job search effectiveness.