In short
Squawk Pod Episode Summary
Podcast Overview Title: Squawk Pod Description: A daily curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box”, anchored by Joe Kernen, Becky Quick, and Andrew Ross Sorkin. The podcast features news-making interviews, perspectives, analyses, and slices of debate, delivering exclusive context from Senior Producer Katie Kramer.
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Episode Details Episode Title: 5 Things to Know Before the Opening Bell 8/29/2025 Episode Description: Highlights critical market shifts and significant corporate updates impacting stock trading before the market opens.
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Key Updates Before Market Opening
- Caterpillar (CAT)
- Current Status: Shares down in pre-market trading.
- Key Issue: Raised tariff cost estimates to a range of $1.5 billion to $1.8 billion for 2025, up from earlier estimates of up to $1.5 billion.
- Gap Inc.
- Current Status: Shares under pressure.
- Performance: Despite an increase in overall comp sales, athletic comps fell by 9%.
- Tariff Impact: Revised tariff estimates increased from $150 million to $175 million. Guidance for the current quarter and full-year remains in line with expectations.
- Nvidia (NVDA)
- Current Status: Engaged in negotiations.
- Development: Discussions initiated with the White House regarding the sale of a less advanced version of the Blackwell chip to China.
- Dell Technologies (DELL)
- Current Status: Shares slipping in response to market predictions.
- Performance: Reported earnings and revenue that beat estimates, yet light earnings guidance for the current quarter led to a drop in share price. However, the full-year outlook has been raised above Wall Street expectations.
- Affirm (AFRM)
- Current Status: Shares soaring post-earnings report.
- Performance: Earnings and revenue exceeded estimates. Gross merchandise volume rose 43% year-over-year to $10.4 billion, with upbeat guidance issued for the current quarter.
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Conclusion The episode provides crucial insights into significant market movements and corporate performance that will impact investor decisions as the stock market opens. Tune in for more in-depth analyses and discussions in upcoming episodes of Squawk Pod.
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Additional Information
- Hosts: Joe Kernen, Becky Quick, Andrew Ross Sorkin
- Recording: Available on various podcast platforms.
- Production: Hosted by Simplecast, an AdsWizz company.
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For further insights, follow Squawk Pod for daily doses of critical market information and analyses.
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, and this is five things to know before today's opening bell. Shares of industrial giant Caterpillar, they are down in the pre-market. The company says that tariff-related costs will be higher than previously forecast. For 2025, Cat is now expecting a tariff hit of between$1.5 and$1.8 billion. That's up from its guidance earlier this month of up to$1.5 billion. Meanwhile, shares of retailer Gap, they're under pressure. The retailer that has Gap and Outer Republic, Old Navy brands, all saw comp sales increase, but athletic comps fell by 9%. The company also raised its estimate for the impact of tariffs from$150 million on the top end of the range to$175 million.
0:47But current quarter and full-year guidance was in line with expectations. And NVIDIA's CEO Jensen Wang saying talks have started with the White House on selling a less advanced version of its industry-leading Blackwell chip to China. And shares of Dell Technologies, they're falling. earnings and revenue beating estimates in the company raising its full year outlook above Wall Street expectations. For the current quarter, earnings guidance coming in a bit lighter than expected, although revenue guidance topped estimates. And shares of Buy Now, Pay Later Company affirm their soaring earnings and revenue beating estimates.
1:21Gross merchandise volume was up 43 % year over year to$10.4 billion. The company issued upbeat guidance for the current quarter. 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: Caterpillar shares are down after raising tariff cost estimates to $1.8 billion, Gap shares fell as Athleta comps dropped 9 percent, Nvidia is in talks with the White House on selling a limited Blackwell chip to China, Dell shares are slipping after light earnings guidance despite a stronger outlook, and Affirm shares are soaring on strong results and upbeat guidance.
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.
