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Squawk Pod

5 Things to Know Before the Opening Bell 10/3/2025

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 3 October 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

The government shutdown prevents the release of the monthly employment report, Blackrock’s Global Infrastructure partners is in talks to acquire a major data center company in a major bet on AI, shares of USA Rare Earth are soaring after talks with the Trump administration over a possible deal, Google parent Alphabet is preparing to spin off its Verily life-sciences unit, and Taylor Swift’s 12th album has its midnight release. 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.

Transcript

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0:00.0

I'm Andrew Ross Sorkin, co-host of Squatbox along with Joe Kernan and Becky Quick,

0:05.6

and this is Five Things to Know before today's opening bell.

0:09.4

It is the first Friday of October, but the D.C. shutdown means that there will be no monthly

0:13.6

jobs report released today. In corporate news, BlackRock's global infrastructure partners,

0:18.7

importantly now in advance talks to acquire aligned data centers.

0:21.8

Now, Bloomberg says that deal could be valued at $40 billion.

0:25.3

And earlier this week, reports said that global infrastructure partners was also looking at other big deals.

0:30.2

Those included a potential takeover of the power company AES Corporation.

0:35.2

Shares of USA Rare Earth soaring, company's CEO telling CNBC that the rare earth

0:39.9

miner is in close communication with the White House. Earlier this week, the Trump administration

0:44.4

took a 5% equity stake in lithium Americas. And in July, the Defense Department took a 15%

0:51.3

stake in MP materials. Meantime, Alphabet has now been preparing to spin off or sell its life sciences unit Verily,

0:59.0

a Google executive saying that company has been working for the past two and a half years

1:03.0

to technologically decouple Verily, moving it off of Google's own infrastructure and onto the Google Cloud platform.

1:11.6

And let the Taylor Swift mania begin again.

1:15.6

Swift's highly anticipated 12th album, The Life of a Showgirl,

1:19.6

dropping at midnight, and we hear that there are several references

1:23.6

to her fiance, Kansas City Chief's tight end, Travis Kelsey.

1:28.3

There's apparently a lot of demand for physical music-like CDs and vinyl fans lining up at the Target store here in Manhattan last night

1:38.3

to be the first to get their hands on the new album. So, are you downloading on Spotify?

1:44.6

What are you doing?

1:47.1

We share Apple Music.

...

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