Trump's State of the Union, Lowe's earnings, Panera Bread's value menu and more in Morning Squawk

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Happy Wednesday. The restaurant reservation platform wars are heating up, and I'm wondering whether my fascination with this story is a sign that I eat out too often.

Stock futures are higher this morning after a positive session yesterday.

Here are five key things investors need to know to start the trading day:

President Donald Trump touted his economic record during his State of the Union address last night, saying the U.S. economy is "roaring like never before" — despite polls that show many Americans are feeling the opposite. The speech clocked in at 107 minutes, the longest-ever State of the Union address.

Here's what to know:

Buzzy artificial intelligence startup Anthropic announced updates to its Claude Cowork tool yesterday aimed at improving office workers' productivity. The enhancements include allowing companies to connect Cowork to platforms such as Google Drive, Gmail and DocuSign.

Recent product releases from Anthropic have sparked sharp declines in cybersecurity and software stocks, but yesterday's rollout wasn't seen as threatening to the software industry as Wall Street feared. Stocks in the sector regained some ground during the session, helping to power a broader recovery rally which drove the Dow Jones Industrial Average up more than 350 points.

Follow live markets updates here.

Lowe's surpassed Wall Street's fourth-quarter expectations for earnings and revenue this morning, reporting more than 10% quarterly sales growth from the same time a year ago.

But the positive results were overshadowed by the home improvement retailer's weaker-than-expected earnings outlook for the full year. Shares of Lowe's slipped around 3% in premarket trading this morning.

A crop of technology earnings reports are due after the bell. The headliner is Nvidia, whose results will come amid mounting skepticism on the Street about AI.

CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.

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Warner Bros. Discovery announced yesterday that Paramount Skydance upped its takeover offer to $31 per share. WBD said the new proposal, which its board would review, could "reasonably be expected" to beat out the media giant's current deal with Netflix.

Paramount's new offer is all cash and includes a $7 billion breakup fee if the merger does not receive regulatory approval, according to WBD. Paramount also agreed to cover the $2.8 billion owed to Netflix if WBD backs out of its existing deal with the streaming giant.

Paramount CEO David Ellison has been vying for WBD for nearly half of a year. As CNBC's Sarah Whitten reports, acquiring the media company could help improve Paramount's lackluster box office record under Ellison's leadership.

Panera Bread is hopping on the value meal bandwagon.

The company announced a "Mix & Match" deal this morning in a bid to lure back money-conscious consumers. Panera's new value options come as a number of restaurant chains, including McDonald's and Taco Bell, promote low-cost menu items. As CNBC's Amelia Lucas notes, affordability has been a key part of Panera's turnaround plan under CEO Paul Carbone.

Meanwhile, shares of fellow fast-casual chain Cava surged nearly 10% in extended trading after the company beat analyst expectations on both lines for the fourth quarter. The Mediterranean chain also reported unexpected growth in same-store sales and said full-year revenue topped $1 billion for the first time.

JPMorgan Chase CEO Jamie Dimon said in an investor meeting this week that plans to rejigger the bank's workforce amid AI's technological shakeup are already taking shape.

— CNBC's Garrett Downs, Spencer Kimball, Dan Mangan, Kevin Breuninger, Evelyn Cheng, Ashley Capoot, Annie Palmer, Sean Conlon, Alex Sherman, Sarah Whitten, Amelia Lucas, Laya Neelakandan and Hugh Son contributed to this report. Josephine Rozzelle edited this edition.