In short
Squawk Pod Episode Notes: 5 Things to Know Before the Opening Bell (1/14/26)
Episode Overview In this episode of *Squawk Pod*, co-host Becky Quick outlines the top five key developments to know before the stock market opens. The episode highlights significant corporate news, economic indicators, and emerging trends affecting various industries.
Key Takeaways
- Saks Global Bankruptcy Filing
- Company Status: Saks Global, the parent company of luxury department store Saks, has filed for Chapter 11 bankruptcy protection.
- Financials:
- Secured approximately $1.75 billion in financing.
- Stores will remain open during the bankruptcy process.
- Leadership Change: A new CEO will be appointed to replace Richard Baker.
- Coca-Cola's Costa Coffee Strategy
- Corporate Decision: Coca-Cola is abandoning its plans to sell the Costa Coffee chain.
- Market Reaction: Offers from private equity firms did not meet expectations, prompting the decision.
- Tesla's Full Self-Driving Subscription Model
- Policy Update: Tesla CEO Elon Musk announced a change in the sales model for the company's full self-driving features.
- New Model: Starting February 14, the feature will only be available as a monthly subscription, discontinuing direct sales.
- Japanese Stock Market Performance
- Market Milestone: Japanese stocks reached record highs.
- Political Influences: Investors believe that Prime Minister's potential call for a snap election could lead to economic stimulus policies, further driving market confidence.
- AI Chip Company Funding News
- Company Spotlight: Cerebras Systems, an AI chip manufacturer, is in discussions to raise $1 billion in a new funding round.
- Valuation: The new funding round would value Cerebras at approximately $22 billion.
Conclusion Becky Quick wraps up the episode by indicating that more insights and analysis will be available in the later edition of *Squawk Pod*, encouraging listeners to stay tuned for updates.
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Additional Information
- Hosts: Joe Kernen, Becky Quick, and Andrew Ross Sorkin.
- Podcast Format: Daily curated highlights from CNBC’s flagship morning show, *Squawk Box*.
- Availability: Listen to *Squawk Pod* on various podcast platforms.
For more episodes and insights, follow *Squawk Pod* for the best moments, interviews, and analysis from *Squawk Box*.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOMarket Updates Before the Opening Bell
0:08 to 1:12
Key financial news impacting the market, including bankruptcies and corporate strategies.
“The parent company of luxury department store Saks filing for Chapter 11 bankruptcy protection.”
Transcript
Automatic transcript. May contain errors.0:01Hi, I'm Becky Quick, co-host of Squawk Box, and this is five things you need to know before today's opening bell. The parent company of luxury department store Saks filing for Chapter 11 bankruptcy protection. Saks Global says that it's secured about$1.75 billion in financing and stores would remain open for now. It also says that it's bringing in a new CEO to replace Richard Baker. Coca-Cola is scrapping plans to sell its Costa coffee chain. The Financial Times reporting offers from private equity firms were below expectations. Tesla CEO Elon Musk saying that the EV maker will stop selling its full self-driving features in a month.
0:42In an early morning ex-post, Musk said the software will only be available as a monthly subscription after February 14th. And Japanese stocks hitting record highs today on expectations that the country's popular prime minister could call for a snap election next month. Investors believe she would call for policies that stimulate the Japanese economy. Finally, reports say that AI chip companies, Cerebra Systems, is in talks to raise about a billion dollars in new funding rounds that would value the company at about$22 billion. We'll be back later today with Squawk Pod, our daily podcast featuring the best of Squawk Box.
1:21Stay tuned to your feed wherever you get your podcasts and listen anytime.
From the publisher
The 5 things you need to know before the stock market opens today: Saks Global is filing for bankruptcy and bringing in a new CEO, Coca-Cola is scrapping plans to sell its Costa Coffee chain, Tesla will only offer its “full self-driving” feature as a monthly subscription, Japanese stocks hit a record high, and AI chip company Cerebras Systems is in talk to raise $1 billion dollars in a new funding round at a $22 billion valuation.
Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format.
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