In short
Squawk Pod Episode Summary: 5 Things to Know Before the Opening Bell 9/8/2025
Episode Overview In this episode of Squawk Pod, co-host Andrew Ross-Sorkin shares the top five things investors need to know before the stock market opens. The discussion covers significant market updates, corporate news, and highlights from the entertainment industry.
Key Takeaways
- S&P 500 Additions
- Companies Added: Robinhood, AppLovin, and Amcor Group will be joining the S&P 500 index on September 22nd.
- Significance: Being included in the S&P 500 is a notable achievement for these companies, reflecting their growth and market impact.
- Personal Note: Andrew humorously mentions that he now owns AppLovin through his investment in the S&P 500.
- ASML's Strategic Move
- Investment in AI: Chipmaker ASML is set to take a board seat at French startup Mistral AI.
- Financial Commitment: ASML will invest $1.3 billion from Mistral's total fundraising of approximately $2 billion.
- Implication: This move highlights the growing intersection between technology and artificial intelligence.
- OpenAI's Financial Projections
- Cash Burn Forecast: OpenAI has reportedly raised its projected cash burn to $115 billion through 2029.
- Comparison: This new estimate is $80 billion higher than previous projections, indicating increased operational costs.
- Investor Reaction: New investors in OpenAI may have concerns regarding the updated financial outlook.
- Box Office Success
- "The Conjuring: Last Rites": The horror sequel achieved the highest-grossing opening weekend of any film in the Conjuring franchise.
- Domestic Earnings: $83 million
- International Earnings: $104 million
- Overall Performance: The film exceeded expectations, demonstrating the continued popularity of the horror genre.
- Powerball Jackpot Winners
- Jackpot Amount: Two winners have split a $1.8 billion Powerball jackpot, marking the second-largest jackpot in history.
- Ticket Locations: Winning tickets were sold in Texas and Missouri.
- Net Gain Considerations: Discussing potential lump-sum payouts and tax implications, Andrew highlights how winnings can be significantly reduced after taxes.
Conclusion Andrew wraps up the episode by teasing the next installment of Squawk Pod, encouraging listeners to tune in for more highlights and insights from the flagship CNBC show, Squawk Box.
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Additional Notes
- Hosts: The episode is co-hosted by Joe Kernen, Becky Quick, and Andrew Ross-Sorkin.
- Production: The podcast is produced by Katie Kramer and hosted by Simplecast, part of AdsWizz.
- Availability: Listeners can access Squawk Pod on various podcast platforms.
This episode effectively combines financial news with light-hearted commentary, making it informative and engaging for listeners and investors alike.
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 with Becky Quick and this is five things to know before the opening bell. Shares of Robinhood, AppLovin, and Amcor Group all rising this morning. S &P Global saying companies will join the S &P 500 prior to the start of trading on September 22nd. So a big congratulations to those three firms. Getting added into the index is a very, very big deal. Meantime. It's hilarious. I own the S &P 500. That's all we can own. That and Comcast shares. So I now own AppLovin. There you go. I actually chuckled when I saw that last night. Chip-making equipment giant ASML will reportedly become the top shareholder of French AI startup Mistral.
0:45Reuters saying that ASML will commit$1.3 billion from Mistral's roughly$2 billion fundraise and take a board seat. Meantime, OpenAI has raised its projected cash burn. You ready to do this? Ready for this? $115 billion through 2029. That's according to a new report of the information. It did not cite sources. The new forecast is$80 billion higher than the company had previously expected. And some investors who just got in at the new fundraising round, I think, may have been a bit surprised by that. And Warner Brothers horror sequel, The Conjuring Last Rites, topping the weekend box office. It brought in$83 million in domestic box office sales in its first weekend, topping expectations.
1:30It added$104 million in ticket sales overseas, making it the highest grossing opening weekend for any of the nine films in the Conjuring series, even after adjusting for inflation. And there were two winners in this past weekend's$1.8 billion Powerball jackpot. It's not either Becky or myself. The tickets were sold in Texas and Missouri. This was the second largest Powerball jackpot ever, so they can split the money. I think if it's 1.8, you could take home in a lump sum if you were collecting the whole thing. I thought it was something like$600 million or something like that. So now I assume if it's two, you're in the sort of$300 or$400 million.
2:14And then you have the taxes. You're down to$200 million. Taxes would be even more, I would think. You'd pay at least half in taxes. Right, right. Well, that was saying on the 400, if you had 400, if you were paid three or four hundred million dollars, now you're down to. Yes. So just a hundred million. Just a tiny little violin. Well, you know, it wasn't me. I'm here today. 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.
From the publisher
The 5 things you need to know before the stock market opens today: Robinhood, Applovin, and Emcor will join the S&P 500 later this month, chipmaker ASML will reportedly take a board seat at French startup Mistral AI, OpenAI has reportedly raised its projected cash burn to $115 billion through 2029, the newest “The Conjuring” had the highest grossing opening weekend at the box office out of any of the nine films in the franchise, and two winners will split the $1.8 billion Powerball Jackpot.
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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