In short
Squawk Pod: Episode Summary - 5 Things to Know Before the Opening Bell 11/26/2025
Podcast Overview Squawk Pod is a daily audio recap of highlights from CNBC's flagship morning show, "Squawk Box," hosted by Joe Kernen, Becky Quick, and Andrew Ross Sorkin. The podcast features interviews, analysis, and discussions about current market events and trends.
Episode Highlights In this episode, Andrew Ross Sorkin shares five critical insights to prepare listeners for the stock market opening on November 26, 2025.
Key Takeaways
- HP Earnings and Job Cuts
- Stock Performance: Shares of HP are lower following the release of quarterly results.
- Earnings Projection: HP projected lower than expected earnings for Q1 2026.
- Workforce Reduction: The company announced plans to cut 4,000 to 6,000 jobs, representing up to 10% of its workforce.
- Urban Outfitters Performance
- Stock Surge: Urban Outfitters’ shares are soaring due to strong earnings and revenue that exceeded estimates.
- Comp Sales Growth: Comparable sales increased by a substantial 8%, outpacing expectations.
- Deere & Company Results
- Financial Outcomes: Deere posted fourth quarter earnings and revenue above analyst expectations.
- Outlook Concerns: Despite the strong performance, the outlook for 2026 is viewed as below market expectations, leading to a 5% drop in stock price.
- Medicare Drug Price Negotiations
- Cost Savings: Medicare has negotiated lower prices for over a dozen medications, including Ozempic from Novo Nordisk.
- Savings Impact: The negotiations are expected to save consumers between 35% and 85% on costs, totaling billions of dollars. This initiative stems from the Inflation Reduction Act enacted under former President Biden.
- Workday’s Quarterly Guidance
- Stock Decline: Shares of Workday fell after the company provided quarterly margin guidance that did not meet Wall Street expectations.
- Earnings Beat: Despite the stock drop, Workday reported better-than-expected revenue and profit for the third quarter, but the stock is down about 6%.
Conclusion The episode offers a concise yet comprehensive overview of significant market movements and company performances as investors prepare for the day’s trading. Moreover, it sheds light on the impact of legislative changes on drug pricing, illustrating its relevance to broader economic discussions.
Next Episode Teaser Listeners are encouraged to tune in for the next edition of Squawk Pod for continued insights and analysis from "Squawk Box." The podcast is available on various platforms for on-demand listening.
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 Andrew Ross Sorkin, co-host of Squawk Box, and this is five things to know before today's opening bell. Well, shares of HP, they are lower following quarterly results. HP giving lower than expected earnings projections for its first quarter in all of 2026. It also said it's going to cut 4 ,000 to 6 ,000 jobs or up to 10 percent of its workforce. Meantime, take a look at shares of Urban Outfitters as well. Soaring right now. Earnings and revenue beating estimates. Comp sales were up a stronger than expected 8 percent. And we got Deere just out with its fourth quarter results, earnings and revenue topping analyst estimates.
0:37but its outlook for 2026 is largely below expectations, and that stock off about 5%. Medicare saying that newly negotiated prices on more than a dozen prescription drugs, including Novo Nordisk's Ozempic, will save between 35 % and 85 % of costs, amounting to billions of dollars. Now, the annual negotiations were established under former President Biden's Inflation Reduction Act. Shares of HR software maker Workday, they're lower after the company gave quarterly margin guidance that was below Wall Street estimates. Workday did beat third quarter revenue and profit estimates, but that stock off about 6 % right now.
1:16We're going to 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.
1:32Thank you.
From the publisher
The 5 things you need to know before the stock market opens today: after quarterly results, Urban Outfitters is trading higher and shares of Deere, HP, and Workday are lower. Plus, Medicare negotiated lower prices for over a dozen covered medications including Ozempic.
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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