In short
Squawk Pod Episode Notes: 5 Things to Know Before the Opening Bell (7/2/2025)
Podcast Title: Squawk Pod Episode Title: 5 Things to Know Before the Opening Bell (7/2/2025) Hosts: Andrew Ross Sorkin, Joe Kernen, Becky Quick Episode Description: A summary of significant economic updates and corporate news that impact the stock market before the trading day begins.
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Key Points Discussed
Economic Indicators
- ADP Employment Report:
- Scheduled release at 8:15 AM ET.
- Expected to show an addition of 120,000 jobs in June.
Corporate Updates
- Tesla:
- Anticipated release of second quarter delivery metrics.
- Consensus prediction: 393,000 vehicle deliveries, which would reflect a drop of over 11% compared to Q2 of the previous year.
- Phil LeBeau is expected to provide immediate updates.
- Centene:
- Shares plummeting by 25% in pre-market trading.
- The company has withdrawn its 2025 earnings guidance, citing market trends misaligning with their prior assumptions.
- Notably impacting other health insurance stocks in the market.
- Constellation Brands:
- Reported earnings and revenue that fell short of market estimates.
- Challenges include decreased demand and increased costs for aluminum cans due to tariffs.
- Despite missed estimates, the company maintains its full-year guidance.
Entertainment Industry News
- Netflix and Spotify Collaboration:
- Discussions about potential partnerships on projects related to music award shows and live concert series.
- Plans to include high-profile celebrity interviews and short documentaries.
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Summary This episode of Squawk Pod provides critical updates on the financial and corporate landscape ahead of the market opening. Significant employment data from ADP, Tesla's delivery projections, Centene's financial setbacks, and Constellation Brands' earnings report set the stage for market movements. The potential collaboration between Netflix and Spotify highlights ongoing developments in the entertainment sector, indicating a shift towards more integrated media experiences.
Upcoming Episodes Listeners are encouraged to check back for an all-new Squawk Pod later in the day, where highlights and discussions from Squawk Box will be featured.
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Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:01I'm Andrew Ross Sorkin, co-host of Squawk Box along with Joe Kernan and Becky Quick and this is five Five things to know before today's opening bell. We're set to get a look at the jobs picture for June at 8.15 Eastern time. ADP is going to be releasing its latest look at private sector hiring. Now, Econ is expecting an addition of 120 ,000 jobs for last month. We're also standing by for second quarter delivery metrics that we're going to get from Tesla. Phil LeBeau will be bringing us those numbers as soon as they cross the wires. As of late last month, the consensus was 393 ,000 vehicles, deliveries.
0:34That would be a drop of more than 11 percent versus the second quarter of last year. And shares of health insurers Centene losing about a quarter of their value in the pre-market. The company pulling its 2025 earnings guidance. It cited market trends that differed from its assumptions. Other health insurance companies getting hit this morning as well. And we're watching shares of Modela owner Constellation Brands. Earnings and revenue for the most recent quarter missed estimates. And that's on falling demand and higher prices they're talking about for aluminum cans because of tariffs. Despite that miss, the company's sticking with its full year guidance.
1:11And then there's this. Netflix has held talks with Spotify about partnering a number of projects related to music award shows and live concert series. That's according to a report in The Wall Street Journal that said that Netflix is also considering doing some big celebrity interviews and short turnaround documentaries. 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: the ADP releases its monthly metrics for private sector hiring later this morning, Tesla will release its own second quarter delivery numbers, health insurer Centene has pulled its 2025 earnings guidance, beverage conglomerate Constellation Brands missed quarterly estimates in its latest report, and Netflix and Spotify could be teaming up on a screen near you.
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.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
