In short
Podcast Summary: Squawk Pod - Episode: 5 Things to Know Before the Opening Bell 12/24/2025
Episode Overview In this episode of *Squawk Pod*, co-hosts Andrew Ross Sorkin and Joe Kernen delve into five key topics that are shaping the day's financial landscape before the stock market opens. The discussions reflect important developments in the metals market, driverless technology, IPO news, legal decisions, and the lottery jackpot.
Key Topics Discussed
- Metals Trading Higher
- Gold: Achieved its 53rd record close of the year.
- Silver: Marked its 16th record close of 2025.
- The rising prices of these precious metals indicate heightened investor interest and market dynamics.
- Waymo's Fleet Updates
- Company Background: Waymo is a driverless car company owned by Alphabet.
- Recent Incident: Multiple Waymo vehicles stalled during a blackout in San Francisco, which prompted the announcement of fleet updates to enhance their response capabilities during outages.
- Motive's IPO Filing
- Company Insight: Motive, an Alphabet-backed firm that develops software for managing corporate truck fleets and drivers, is preparing for an IPO.
- Ticker Symbol: The company plans to go public under the ticker symbol *MTVE* on the NYSE next year.
- Supreme Court Ruling
- Legal Context: The Supreme Court has temporarily blocked the Trump administration's attempt to deploy National Guard troops to Chicago.
- Implications: This decision reflects ongoing legal and political debates surrounding national security and local governance.
- Powerball Jackpot
- Current Status: The Powerball jackpot has soared to an estimated $1.7 billion, with a cash value of approximately $780 million if claimed in a lump sum.
- Discussion: The co-hosts engage in a light-hearted debate about the odds of winning the lottery versus other risks, such as vending machine accidents.
Notable Discussions
- Lottery Ticket Regulations: Joe Kernen highlights that purchasing lottery tickets with a credit card is illegal, citing concerns over debt accumulation.
- Odds of Winning: Andrew Ross Sorkin humorously contrasts the low probability of winning the lottery with the higher likelihood of being injured by everyday objects, illustrating a skeptical view of gambling.
Conclusion The episode wraps up with a reminder to tune in for more insights and discussions in future *Squawk Pod* episodes. The blend of serious financial news with light-hearted banter between the hosts creates an engaging format for listeners.
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Follow-Up
- Check out *Squawk Pod* wherever you get your podcasts for additional insights and analyses from the *Squawk Box* team.
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. Today I'm with Joe Kernan and this is five things to know before today's opening bell. Metals trading higher. We're coming off the 53rd record close for gold this year and silver's 16th record close of 2025. Also, Alphabet-owned driverless car company Waymo saying it's updating its fleet of vehicles so that they're better prepared to respond to outages. Videos shared on social media appeared to show multiple Waymo cars stalled in traffic during last Saturday's blackout in San Francisco. And an Alphabet-backed firm that makes software for managing corporate fleets of trucks and drivers filing for an IPO on the NYSE, Motive is the name of the company.
0:40It's going to seek to go public next year under the ticker symbol MTVE. Meantime, the Supreme Court temporarily rejecting the Trump administration's bid to overhaul a lower court and allow the deployment of the National Guard troops to Chicago. And a lucky lottery player could have a very merry Christmas. Tonight's Powerball jackpot growing to an estimated$1.7 billion. That's with a B. Total cash value, if you take it, I think, at one time, is$780 million. So a couple bucks will buy you a dream. You've got to pay tax on that, I guess. You do have to pay tax on that. But even after. Come on, I know you won't play.
1:25I'm not going to go through the... I know you don't want to play. I'm going to go out and get a ticket. You know what? And I tell you why I'm not going to play. Because I don't want to go buy a bag of potato chips and get killed when the vending machine falls on me. because that's a thousand times more likely to get killed by a vending machine falling on you than you are to win. I can give you. I will say how many rare diseases. I know how you feel about this. I bought tickets for the last Powerball just two days ago. And obviously there was no winner. I want you to know you'd actually feel good about this, Joe.
1:55I tried to buy it with a credit card and I forgot. Do you know that it's illegal to buy a lottery ticket with a credit card because this is actually a social policy issue. They don't want people creating debt to buy lottery tickets, which is interesting. Duh. You have to use cash. It's a tax-only stupid. You know that. You're welcome. You know what? For two bucks or five bucks or whatever you're paying, if I can... Lucky you can afford... It's hard to have the same dream. You could have the same dream without paying, but it makes the dream feel so much closer. Okay. All right. Come on. Am I the only one?
2:32Steck, help me here. Somebody. You're tempting fate. Becky's out. I need somebody to help me. I'll give you a list of the worst. You can have worms crawling out from between your toes. I understand. I understand. There are terrible things that can happen to you. We'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.
From the publisher
The 5 things you need to know before the stock market opens today: Metals are trading higher with gold and silver hitting fresh record closes, Alphabet-owned Waymo is updating its driverless fleet after cars stalled during a San Francisco blackout, Alphabet-backed firm Motive has filed for an IPO, the Supreme Court temporarily blocked the Trump administration from deploying National Guard troops to Chicago, and the Powerball jackpot has climbed to an estimated $1.7 billion.
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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