Why Cramer is buying this ‘out-of-favor’ consumer staples stock. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer

FCC Chairman Brendan Carr joins to discuss SpaceX acquiring a nationwide spectrum portfolio as Starlink looks to take on traditional carriers. Then, Apollo Chief Economist Torsten Slok joins with his expectations for the market. Plus, we bring you a report from Macao about why gambling revenue is lagging pre-pandemic levels despite record visitation to the region. Squawk on the Street Disclaimer

The White House announces a committee to investigate allegations that Fed Governor Lisa Cook made false statements. Plus, new financial figures from OpenAI spark concerns about AI revenue growth and what it means for the broader AI ecosystem. And Delta slashes its outlook amid soaring fuel costs, while CEO Ed Bastian responds to Elon Musk's call for his firing over the airline's decision not to use Starlink. Squawk on the Street Disclaimer

Carl Quintanilla and Jim Cramer led off the show with the AI trade rebounding after the worst day for tech since August — the decline was sparked by reports of weaker-than-expected revenue at OpenAI. SpaceX shares rose after the company announced its spectrum deal to launch Starlink as a player in the mobile space. AT&T, Verizon and T-Mobile share tumbled on that news. Hear what Delta CEO Ed Bastian told CNBC about Elon Musk warning him he would "lose his job" for passing on Starlink wi-fi for the airline. Also in focus: Apple shares fall on a report involving demand for the iPhone 18 Pro; The possibility of Treasury yields hitting 6%; Humana soars on Medicare Advantage ratings; Flashback: What AT&T CEO John Stankey told David Faber about Starlink last month. Squawk on the Street Disclaimer

Cramer is looking at this transports stock ahead of the holidays. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Goldman Sachs Chief U.S. Equity Strategist Ben Snider joins with his outlook for the market and where to invest right now. Then, Morgan Stanley Strategist Ariana Salvatore discusses how the midterm elections could impact the market. Plus, D.A. Davidson Analyst Gil Luria shares why he believes Micron's stock could go to $3,000.

PepsiCo CEO Ramon Laguarta joins Squawk on the Street to break down the company's latest earnings and outlook for consumer demand. Plus, KBW CEO Tom Michaud discusses how multi-decade highs in bond yields are impacting banks and the broader market. And in an exclusive interview, Skydance's new management team lays out its financial outlook and content strategy.

David Faber engaged in a wide-ranging exclusive interview with Skydance Chairman & CEO David Ellison and Co-CEO Ynon Kreiz. They discussed the future for the company formed by Paramount's acquisition of Warner Bros. Discovery. Issues included competition, growth strategy and how AI will transform every part of its business. Carl Quintanilla, Jim Cramer and David shared interesting post-interview perspectives. Skydance rang the opening bell at the NYSE. Also in focus: Crude prices jump on Middle East tensions and Hurricane Isaias developments; Treasury yields rise and hover near 24-year highs on interest rate comments from Fed Governor Waller; PepsiCo moves higher and Levi Strauss slides after posting earnings, energy stocks rally while bank shares remain under pressure. Squawk on the Street Disclaimer

Cramer says he likes this chipmaker at its current level. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Sequoia Capital Partner Shaun Maguire discusses investment opportunity in Israel and how the economy has evolved there. Then, we break down a new congressional report on Webull's China ties that has the stock tumbling today. Plus, T. Rowe Price Portfolio Manager Tony Wang discusses Apple's smart home ambitions and the broader tech sector.