In short
Squawk Pod Episode Summary: 5 Things to Know Before the Opening Bell (12/3/2025)
Podcast Overview
- Title: Squawk Pod
- Description: A daily curation of top moments and takeaways from CNBC’s "Squawk Box", featuring news, interviews, analysis, and lively discussions among hosts Joe Kernen, Becky Quick, and Andrew Ross Sorkin.
Episode Highlights Key Updates
- Marvell Technology
- Performance: Surpassed quarterly earnings estimates.
- Future Growth: Projected data center revenue increase of 25% for the next year.
- Acquisition: Plans to acquire hardware startup Celestial AI for at least $3.3 billion in cash and stock.
- Market Reaction: Shares rose by over 11%.
- Okta
- Earnings Report: Beat earnings and revenue projections.
- Stock Performance: Stock declined by nearly 4%.
- Concern: Lack of fiscal guidance for 2027 contributed to the stock drop.
- Trump Administration Proposals
- Fuel Efficiency Standards: Reports indicate a plan to propose weakening standards established under President Biden.
- Impact on Auto Industry: Auto executives invited to a White House event, raising questions about the implications for their business strategies.
- Electronic Arts Acquisition
- Ownership Change: Saudi Arabia's public investment fund expected to own approximately 93% of Electronic Arts following acquisition.
- Source: The Wall Street Journal reported on the development.
- Malaysia Airlines Flight MH370
- Search Resumption: Search efforts will restart more than a decade after the flight's disappearance.
- Contractor: U.S.-based marine robotics firm Ocean Infinity will conduct the search in a targeted area for about two months.
Conclusion
- The episode encapsulates significant developments in the tech and auto sectors, alongside a notable update on a long-standing aviation mystery. Hosts Becky Quick, Joe Kernen, and Andrew Ross Sorkin provide valuable insights and analysis as they prepare listeners for market openings.
Next Steps
- Tune in Next: Listeners are encouraged to subscribe to Squawk Pod for daily updates featuring the best moments and analysis from the Squawk Box show.
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 Becky Quick, co-host of Squawk Box, and this is five things you need to know before today's opening bell. Chipmaker Marvell beating third quarter earnings estimates and saying that it expects data center revenue to rise 25 percent next year. Marvell also announcing that it will acquire hardware startup Celestial AI for at least$3.3 billion in cash and stock. And Marvell shares are up by over 11 percent on all of this news. Identity management firm Okta topping earnings and revenue projections, but the stock is lower this morning. It's off by close to 4 percent. Okta did not provide fiscal guidance for 2027.
0:41And reports say that the Trump administration will propose weakening fuel efficiency standards finalized under former President Biden. Auto executives are said to have been invited to an event at the White House today. Big question as to what it will mean for their bottom line, though, because a lot of their lineups have been in the making for years. Saudi Arabia's public investment fund in the meantime will own about 93 percent of electronic arts once a deal to acquire the video game maker is complete. That's according to The Wall Street Journal. And the search for the missing Malaysia Airlines flight MH370 will resume later this month, more than a decade after that jet disappeared.
1:21Malaysia's transport ministry says that U.S.-based marine robotics firm Ocean Infinity will work on the operation in a targeted area for about two months. We'll be back later today with Squawk Pod, our daily podcast featuring the best of Squawk Box. Stay tuned to your feed wherever you get your podcasts and listen anytime.
From the publisher
Chipmaker Marvell is on the rise thanks to strong quarterly earnings and an acquisition announcement, identity-management firm Okta is lower despite beating earnings and revenue projections, reports say the Trump administration will propose weakening fuel efficiency standards, Saudi Arabia’s public investment fund will own more than 90% of videogame maker Electronic Arts and the search for the missing Malaysia Airlines Flight MH370 will resume … more than a decade after the jet disappeared.
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