In short
Squawk Pod Episode Summary: 5 Things to Know Before the Opening Bell (9/10/2025)
Episode Overview In this episode of *Squawk Pod*, co-host Andrew Ross Sorkin, alongside Joe Kernen and Becky Quick, discusses five critical updates impacting the stock market and economic landscape ahead of the market's opening bell on September 10, 2025. The discussion revolves around tariffs, technology sector movements, and notable company earnings.
Key Topics Covered
- Supreme Court and Tariffs
- The Supreme Court has agreed to hear the White House's appeal regarding lower court rulings that many of President Trump's tariffs are illegal.
- Oral Arguments Scheduled: Set for the first week of November 2025.
- Impact: Businesses remain in a state of uncertainty as the ruling could affect trade policies.
- U.S.-India Trade Relations
- Negotiation Updates: President Trump has indicated that discussions between the U.S. and India are ongoing, aimed at resolving trade barriers.
- Social Media Engagement: Both leaders communicated through social media, indicating a collaborative effort to conclude tariff discussions.
- Apple’s New Product Launch
- Stock Performance: Apple shares fell approximately 1.5% following the announcement of the iPhone 17 and its new models, including the iPhone 17 Air.
- Market Reaction: Investors reacted to the new product release in the context of previous performance and market expectations.
- Microsoft's AI Developments
- Microsoft plans to utilize AI tools from Anthropic for its Office 365 suite, specifically in Excel and PowerPoint.
- Reason for Shift: Reports suggest that Anthropic's AI outperformed OpenAI in financial modeling and presentation design.
- Microsoft’s Position: The company maintains its long-term partnership with OpenAI despite this new direction.
- GameStop Financial Performance
- GameStop reported a significant increase in profits, driven by a 63% rise in collectibles revenue.
- Stock Market Response: The company's financial recovery indicates ongoing interest and investment in its business model, despite previous challenges.
Host Insights and Discussions
- Andrew Ross Sorkin emphasized the importance of the Supreme Court's decision on tariffs, noting the prolonged uncertainty for businesses.
- Joe Kernen and Becky Quick engaged in a lively discussion about the implications of government processes on business decisions, reflecting frustrations with bureaucratic delays.
Conclusion The episode encapsulates a crucial moment in the market landscape, with tariffs, trade negotiations, and technology innovation all intertwining. The discussions highlight the ongoing complexities in economic policy and corporate strategy, setting the stage for market movements as the opening bell approaches.
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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 Osorkin, co-host of Squatbox, along with Joe Kernan and Becky Quick and this is five Five things to know before today's opening bell. The Supreme Court agreeing to hear the White House's appeal of the lower court ruling that many of President Trump's tariffs are illegal. It's going to hear oral arguments in the first week of November. In other tariff news, tensions could be easing between the U.S. and India. In a post on Truth Socially yesterday, President Trump saying India and the U.S. are continuing negotiations to address the trade barriers between our two nations. Then last night on X, Modi reposted the president's message and said, our teams are working to conclude these discussions at the earliest.
0:40A short time later, the president reposted Modi's message. So a little bit of back and forth there. Meantime, shares of Apple, they are lower. The stock falling about 1.5 % yesterday after the company unveiled the iPhone 17. Apple announcing four new iPhone models, including the lighter, thinner iPhone 17 Air. And Microsoft reportedly turning to an OpenAI rival, Anthropic, for new AI tools in its Office 365 suite. The information reporting that Microsoft will use Anthropic's clawed model for Excel and PowerPoint after developers found it beat OpenAI on financial modeling and presentation design.
1:17Microsoft telling CNBC it remains committed to its long-term partnership with OpenAI. And shares of GameStop, their higher profit jumping from a year ago, thanks to a 63 % increase in collectibles revenue. Supreme Court, they're busy, I guess. Can't get to it until the first week of November, you're suggesting? Expedited. Expedited. Expedited. It's September 10th. They should be doing it next week. I don't know. No. Hey, what are you guys doing for lunch? It is expedited. And usually that's what I mean. But that does that not show you something about the way governments work? No, but it's not about governments.
1:56This is about having a court and justices that can sit and really think through study. They know what the issues are. But they they have to. This is very important. They already did it in the appeals court. Testing a lot of these things and they want to make sure that they rule properly on it. I get it. This is no makes sense. Too long. November. They should be. They ought to be able to let them do some research. Let's talk about what are you guys doing later today? That's what I'd call each one of them up. Amy, where are you going to be? We're doing this in a sit-down dinner tonight. We're going to do this at lunch.
2:27We're going to hash it out. Let's figure this out. But it just, when I heard that. That's the one part of government that I like. But this is kind of an important thing. It is an important thing. Because we're in limbo. Businesses are in limbo. Nobody knows what to do with the money they're collecting. A lot of tariffs are going to be allowed anyway under different authorities. But I want them to get this right. Right. And this is the Supreme Court is the one the one area of government where you want. I don't think you need two months necessarily. But but and so now Congress can say, hey, we don't need to do anything till we find out what the Supreme Court's going to do.
2:59So then they don't do anything. Congress wasn't going to do anything anyway. Congress wasn't going to do anything. They're never going to do anything. It's not on the table. 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 podcast and listen anytime.
3:16You
From the publisher
The 5 things you need to know before the stock market opens today: the Supreme Court will hear the White House’s appeal of lower court rulings that many of President Trump’s tariffs are illegal, India and the US are talking about tariff policy on social media, Apple stock is down after the company announced new iPhone models, Microsoft is looking to use artificial intelligence tools from Anthropic, and Gamestop …won’t stop.
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.
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