In short
Squawk Pod Episode Summary: 5 Things to Know Before the Opening Bell 11/13/2025
Podcast Overview Podcast Title: Squawk Pod Description: A daily curation of highlights from CNBC’s “Squawk Box,” featuring interviews, analysis, and discussions led by hosts Joe Kernen, Becky Quick, and Andrew Ross Sorkin.
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Episode Highlights
- Government Reopens Post-Shutdown
- Event: President Trump signs a funding bill.
- Context: This bill marks the end of the longest government shutdown in U.S. history (43 days).
- Key Quote: White House Press Secretary Carolyn Levitt remarked that certain economic data collected during the shutdown may never be released.
- Impact on Economic Data
- Missing Reports: Significant economic indicators, such as the October Consumer Price Index (CPI) and the jobs report, could be unreleased due to the Bureau of Labor Statistics being unable to collect data during the shutdown.
- Supreme Court Case on Federal Reserve Governor
- Upcoming Arguments: The Supreme Court will hear oral arguments on January 21 regarding President Trump’s authority to fire Federal Reserve Governor Lisa Cook.
- Implications: This case could have significant implications for the relationship between the executive branch and the Federal Reserve.
- Alibaba's AI Developments
- Revamp Announcement: Alibaba is planning to overhaul its flagship AI applications to resemble OpenAI's ChatGPT.
- Goal: The retooling aims to develop fully functioning AI agents, indicating a shift in tech strategies to enhance competitiveness in the AI sector.
- End of Penny Production
- Milestone: The U.S. Mint has struck its final pennies after over 230 years of production.
- Personal Note: Joe Kernan humorously mentions his intention to save some coins for his grandchildren, reflecting on nostalgia related to rare currency.
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Key Takeaways
- The reopening of the government may lead to lasting gaps in economic data reporting.
- The Supreme Court's decision on President Trump's ability to dismiss Federal Reserve officials could shape future fiscal policy.
- Alibaba's strategic pivot towards AI demonstrates the ongoing evolution in technology and competition within the industry.
- The cessation of penny production marks a significant historical change in U.S. currency.
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Conclusion In this episode of Squawk Pod, the hosts present crucial updates concerning the government's reopening, economic reporting challenges, potential judicial impacts on financial governance, advancements in AI technology, and the end of an era with the penny's discontinuation. For further insights and discussions, listeners are encouraged to subscribe to Squawk Pod.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:01Hi, I'm Joe Kernan, co-host of Squawk Box. Today, I'm with Becky Quick and this is five things to know before today's opening bell. President Trump signing a bill to fund the government, reopen operations after that 43-day shutdown. And White House Press Secretary Carolyn Levitt says that economic data that was missed because of the shutdown may never be released. This includes the October CPI and the jobs report. The Bureau of Labor Statistics couldn't collect the data that goes into those reports. And the Supreme Court says it's going to hear oral arguments on January 21st in the case challenging President Trump's authority on a fire of Federal Reserve Governor Lisa Cook.
0:45Alibaba is reportedly preparing to overhaul its flagship AI apps to be more like OpenAI's chat GPT. Bloomberg says that the eventual goal is to make the apps into fully functioning AI agents. in the U.S. ending the production of the penny. After more than 230 years, the final coins were struck at the Mint in Philadelphia, and that's it. I have to save some for my grandkids. I have some coins. Silver ones. Yeah, like$2 bills I used to have when I was a kid. We'll be back later today with an all-new Squawk Pod, our daily podcast featuring the best of Squawk Box. Check it out. wherever you get your podcasts and listen anytime.
From the publisher
President Trump signs a funding bill that reopens the government after the longest shutdown in history, economic data not collected during the shutdown may never be released, the Supreme Court will hear oral arguments in January in the President’s challenge to Federal Reserve Governor Lisa Cook, Alibaba is retooling artificial intelligence apps to be more like ChatGPT, and the end of the line for the penny after more than two centuries.
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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