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Squawk Pod Episode Summary
Episode Details
- Podcast Title: Squawk Pod
- Episode Title: 5 Things to Know Before the Opening Bell 9/12/2025
- Hosts: Joe Kernen, Becky Quick, Andrew Ross Sorkin
- Date: September 12, 2025
Episode Overview In this episode, the hosts discuss five critical updates and market insights ahead of the stock market opening. Key topics include President Trump's legal actions regarding the Federal Reserve, updates on potential Fed Chair candidates, and notable stock movements from major companies like Adobe and RH (Restoration Hardware).
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Key Topics Discussed
- President Trump and the Federal Reserve
- Legal Action:
- Lawyers for President Trump are seeking permission from a federal appeals court to proceed with efforts to dismiss Federal Reserve Governor Lisa Cook.
- The court's decision is expected by Monday afternoon.
- Treasury Secretary's Search for a New Fed Chair
- Interviews Underway:
- Treasury Secretary Scott Bessent is conducting interviews for the next Fed chair, having met with candidates including:
- Larry Lindsey (Former Fed official)
- Kevin Warsh
- James Bullard
- Upcoming Decisions:
- Bessent is expected to delay further interviews until after the FOMC blackout period concludes next week.
- Stock Market Movements
- Adobe:
- Adobe's shares are on the rise following positive earnings and revenue guidance that exceeded estimates.
- RH (Restoration Hardware):
- Shares of RH are experiencing pressure due to revenue falling short of expectations.
- The company has cut its full-year guidance, attributing the decline to ongoing tariff uncertainties related to furniture imports, which was announced by President Trump last month.
- Supermicro:
- The AI technology firm has begun mass shipments of its NVIDIA Blackwell Ultra products to customers globally, resulting in an increase in its stock price.
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Closing Remarks The episode highlights crucial market insights and the ongoing developments involving the Federal Reserve and influential corporations like Adobe and RH. The conversations reflect the dynamic nature of financial markets and the impact of political and economic factors on stock performance.
Additional Notes
- The hosts will provide further updates and analysis in the next episode of Squawk Pod, encouraging listeners to tune in for ongoing financial discussions and insights.
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Listening Information
- Podcast Availability: Check out Squawk Pod wherever you listen to podcasts for more insights and updates from the Squawk Box team.
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 Swockbox. Today, I'm with Becky Quick and this is five things to know before today's opening bell. Lawyers for President Trump asking a federal appeals court to let his bid to fire Fed Governor Lisa Cook take effect before next week's rate setting meeting. Department of Justice officials want the court to rule by Monday afternoon. Meantime, a report from our own Steve Leesman says that Treasury Secretary Scott Besson met with several candidates to be the next Fed chair. He's met with them in recent days. Among them, former Fed official Larry Lindsey. Good. Kevin Warsh, good.
0:41And James Bullard, like all three of those. A Treasury source said Bessent will wait until the FOMC blackout period ends next week to interview sitting Fed officials. What was the story recently that said it was down to three again? I didn't see that. I don't listen. I've given up on that. Yeah. All right. We'll see. It's either 12 or three. Shares of Adobe are higher. Earnings and revenue. Guidance. And guidance. Top estimates. And meanwhile, shares of RH, formerly known as Restoration Hardware, or under pressure revenue, fell short. And the company cut its full year guidance, citing continued tariff uncertainty.
1:19It had affirmed that guidance just three months ago, though it did not reaffirm in this case. The company said the new forecast does not take into account the tariff investigation into furniture entering the United States that Trump, that the president announced last month. and shares of Supermicro are higher. The AI tech firm announced it's begun volume shipments of its NVIDIA Blackwell Ultra products to customers worldwide. We'll 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: Lawyers for President Trump are asking an appeals court to let his bid to fire Federal Reserve Governor Lisa Cook continue before next week’s Open Market Committee meeting, Treasury Secretary Scott Bessent continues interviewing candidates for next Fed chair, Adobe shares are heading up, RH is under pressure, and AI tech firm Super Micro has begun to ship Nvidia Blackwell chips worldwide.
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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