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Squawk Pod Episode Notes: 5 Things to Know Before the Opening Bell 7/9/2025
Episode Overview In this episode of Squawk Pod, co-host Joe Kernen, along with guest Melissa Lee, discusses five critical developments to be aware of before the stock market opens. The conversation balances informative analysis with light-hearted commentary, showcasing the dynamic presentation style typical of the show.
Key Topics Discussed
- SpaceX Insider Share Sale
- Overview: SpaceX is in talks to raise capital by selling insider shares.
- Valuation: This deal could potentially value the company at approximately $400 billion.
- Source: Information was reported by the Financial Times and confirmed by CNBC.
- Starbucks China Unit Stake Sale
- Details: Starbucks' operations in China have attracted interest from potential investors for a stake sale.
- Valuation: The business could be valued at up to $10 billion.
- Potential Bidders: Interested parties include:
- Carlyle Group
- KKR
- Centurion Capital (which has a majority stake in Luckin Coffee)
- Boeing Delivery Reports
- Performance: Boeing reported delivering 60 airplanes last month, marking its highest delivery rate since December 2023.
- Quarterly Total: This brings the total deliveries for the second quarter to 150 airplanes.
- Upcoming Report: Boeing is scheduled to release full second quarter results on July 29th.
- TSA Shoe Policy Change
- Announcement: The TSA confirmed a significant policy change allowing many travelers to keep their shoes on at U.S. airport checkpoints.
- Context: This update marks the end of a 20-year-old rule, credited to advancements in screening technology.
- Official Statement: Homeland Security Secretary Kristi Noem announced this change during a news conference.
- Philadelphia Labor Strike Resolution
- Update: Philadelphia's largest municipal union has reached a tentative agreement with the city to end a labor strike.
- Impact: The strike had halted garbage collection since July 1st.
- Terms of Agreement: The new contract is believed to include a 9% raise over three years.
- Context: The resolution is particularly timely given the ongoing hot weather conditions, emphasizing the need for efficient waste management.
Additional Commentary
- Joe Kernen humorously debated the ideal number of key points to present, suggesting that while five points may be sufficient, six could be more informative. This playful banter reflects a broader discussion on the balance between comprehensiveness and conciseness in news reporting.
Conclusion Listeners are encouraged to tune in later for a new episode of Squawk Pod, where they can catch the best moments, interviews, and analyses from the Squawk Box show.
Listen Anytime The podcast is available on various platforms for easy access to the latest financial news and insights.
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 Joe Kernan, co-host of Squawk Box. Sitting in with me today is Melissa Lee. And this is five things to know before the opening bell. Is five enough? I don't know. I mean, you can make an argument that ten would be better. Would six be better? Can you get all of the day's most important stories in five? I think it depends on the day. I don't think you can do it without six. Now, seven's too many. With the Verona, now maybe you can argue that this should be six. Maybe you can argue that was our six. Or maybe it replaces the bottom of... I think seven's too many. It's too many to remember.
0:32But is four... You want to be concise. I mean, if you said 30, that's just overwhelming. Is four enough? Like eight-minute abs. You can't get... I mean, if he gets only seven minutes, you might not get the same definition. Nine minutes is counterproductive because you get too tired. It's like the perfect... It's going to be two things if you don't start reading. It is true. All right, we do have five things to know ahead of today's opening bell. SpaceX is discussing plans to raise money and sell insider shares in a deal that would value the company at around$400 billion. The Financial Times reported that the deal was sent to investors yesterday.
1:07Sources tell CNBC that Starbucks' China unit has attracted offers for a potential stake sale valuing the China business at up to$10 billion. Potential bidders include the Carlyle Group, KKR, and Centurion Capital, which owns a majority stake in China's Luckin Coffee. Boeing reported deliveries of 60 airplanes last month, the most since December of 2023. That brings the company's second quarter delivery total to 150 airplanes. The company is set to report full second quarter results on July 29th. The TSA confirming yesterday that it will let many travelers leave their shoes on at U.S. airport checkpoints.
1:44Homeland Security Secretary Kristi Noem announced the end of the 20-year-old rule at a news conference citing advances in screening technology. And Philadelphia's largest municipal union reached a tentative deal with the city early this morning to end a labor strike that has halted garbage collection since July 1st. Philadelphia's mayor said the new deal is for three years. It is believed to include 9 % in raises spread out over three years. Give them what they need. I mean, with the heat, too, that can't be pleasant. No. So thank goodness. We'll be back later today with an all-new Squawk Pod, our daily podcast featuring the best of Squawk Box.
2:22Check 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: SpaceX is preparing to sell insider shares, the China unit of Starbucks has attracted offers for a potential stake sale, valuing that business at up to $10 billion, Boeing completed delivery of the most planes since December 2023, the TSA has officially changed shoe policy at airports, and Philadelphia workers have reached a deal with the city, nearing an end to a labor strike that halted garbage collection.
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