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Morning Squawk: Economic Growth, Chip Tariff Delay, S&P 500 Hits New Record, and More
The US economy surged in Q3, exceeding expectations with 4.3% growth driven by consumer spending, potentially delaying Fed rate cuts. Tech stocks led market gains, while student loan collections are set to resume in January with wage garnishment. The US delayed tariffs on Chinese semiconductors, and ServiceNow is acquiring Armis for $7.75B to boost cybersecurity with AI. Waymo is upgrading its fleet after a San Francisco blackout.
