5 Things to Know Before the Opening Bell 2/2/2026

2 Feb 2026 · 2 min · 2 chapters

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In short

“5 Things to Know Before the Opening Bell 2/2/2026,” a market-and-news briefing.

Guests

Becky Quick (co-host of Squawk Box with Andrew Ross Sorkin and Joe Kernan); no other guests are interviewed in the transcript.

Key claims

gold and silver are relatively stable now, but both had their worst Friday since 1980; silver was lower earlier; oil is down about 5.25% (WTI around 61.78) after Trump said Iran is “seriously talking” with the U.S.; Trump picked longtime government economist Brett Matsumoto to lead the Bureau of Labor Statistics after firing the prior commissioner; Trump proposed closing the Kennedy Center for two years starting July; Amazon’s Melania documentary debuted with about $7M, described as the best documentary in a decade.

Notable examples

Wayfair ad about fast outdoor delivery; Melania box office performance and repeat-viewing “nuance.”

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

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Market Updates and Insights

0:29 to 0:49

Discussion on current market conditions including gold, oil, and recent news.

“If I'm grilling, chilling, and watching hoops, my outdoor patio setup better be ready to play.”

Market Updates and Insights

1:07 to 3:08

Discussion on current market conditions including gold, oil, and recent news.

“And both those metals are coming off a Friday performance that amounted to their worst day since 1980.”
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Transcript

Automatic transcript. May contain errors.

0:28Your data lives everywhere. If I'm grilling, chilling, and watching hoops, my outdoor patio setup better be ready to play. That's where Wayfair wins. From patio seating and umbrellas to grills and grilling accessories, Wayfair's got it all, and it shows up fast. I'm talking championship-level fast and easy delivery. So level up your grill game and your outdoor chill game and head to Wayfair.com now to get your outdoor space ready for the season. Hi, I'm Becky Quick, co-host of Squawk Box with Andrew Ross Sorkin and Joe Kernan. And this is five things to know before the opening bell. Gold and silver prices are relatively stable at the moment, but silver was much lower earlier today.

1:13And both those metals are coming off a Friday performance that amounted to their worst day since 1980. Oil prices are pulling back. Over the weekend, President Trump told reporters that Iran, in his words, was seriously talking with the United States. A lot of questions about what that means, but WTI this morning is down by about five and a quarter percent, 61-78. And President Trump picking longtime government economist Brett Matsumoto to lead the Bureau of Labor Statistics. President Trump fired the BLS commissioner in August. President Trump also says that the Kennedy Center should close for two years for renovation starting in July.

1:52Trump said that the proposal was subject to the approval of the center's board, although the president has picked many of those board members himself. And the new Amazon documentary Melania about First Lady Melania Trump debuting with a better than expected$7 million at the box office this weekend. And, you know, on the second and third viewing, there's so many different things that you're able to see and pick up that you don't really notice. And then by the fourth and fifth time, you're just like blown away that, no, I haven't seen it. With the cinematography or? Just across the board. No, I haven't seen it.

2:31I've met her. You've met her. I have great admiration for her in a lot of ways. And this was, I mean, documentaries don't usually do very well. And this was the best documentary in a decade. I will watch this. Best opening in a decade. And I look forward to watching this. I do. Me too. Probably on Amazon. I have not seen it yet. I don't know if I'll go to the theaters for it. I didn't see it three or four. I thought that would be funny to say. I saw it three or four times. And just the nuance on the fourth viewing, it's like, oh, my God, I didn't notice. We'll be back later today with Squawk Pod, our daily podcast featuring the best of Squawk Box.

3:04Stay tuned to your feed wherever you get your podcasts and listen anytime. on.

3:38dot com slash market update podcast or find Schwab market update wherever you get your podcasts.

From the publisher

Gold and silver prices are volatile after their worst trading day since 1980, oil prices are pulling back after President Trump indicated talks with Iran were ongoing, longtime government economist Brett Matsumoto has been named the new head of the Bureau of Labor Statistics, President Trump plans to close the Kennedy Center in Washington for 2 years of renovations, and new Amazon documentary “Melania” brought in $7 million at the box office in its opening weekend.


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