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Squawk Pod

5 Things to Know Before the Opening Bell 11/28/2025

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 28 November 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: the CME temporarily halted trading for futures, foreign exchanges, and commodities due to a data center issue, the SEC is investigating Jefferies’s relationship with a bankrupt auto parts maker, Alibaba has begun selling its AI smart glasses in China, Apple is challenging India’s antitrust penalty law, and Disney’s ‘Zootopia 2’ clocked the biggest opening day in China for any Hollywood animated film. 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

Click on a timestamp to play from that location

0:00.0

Hi, I'm Becky Quick, co-host of Squawk Box. Today I'm with Steve Leasman and Robert Frank,

0:06.7

and this is five things you need to know before the opening bell. Listen up if you are just waking

0:11.5

up. A data center issue has halted trading of futures and options on the Chicago Mercantile Exchange.

0:16.8

That means that stock futures, foreign exchange, and commodities are currently not available to trade.

0:22.0

But in the last few minutes, BrokerTech US, which is the CME unit, the deals in electronic

0:27.7

trading of treasuries, has had its service restored so you can see yields, we believe,

0:35.5

that are accurate at this point. We're going to continue to bring you updates on that story as we get them.

0:40.7

In the meantime, the Securities and Exchange Commission is investigating Jeffrey's relationship into a bankrupt auto parts maker, first brands group.

0:48.1

That's according to an FT report that said the regulator is looking into whether Jeffries gave investors enough information

0:54.8

on its funds exposure to the failed auto business.

0:58.6

And Alibaba has started selling its new AI smart glasses in China.

1:02.7

That's its first attempt to break into the wireless market dominated by meta.

1:07.4

Prices for the cork glasses started about 270 U.S. dollars.

1:11.6

Alibaba says that they'll be integrated with its apps, including Ali Pay and its shopping site,

1:17.6

Taubao.

1:18.6

And Apple is challenging India's antitrust penalty law, under which the company could face a fine of up to $38 billion.

1:25.6

This is the first challenge since that law went into effect

1:29.1

last year, allowing regulators to use global revenue when calculating fines. Investigators say

1:35.3

Apple is abusing its monopoly in the iPhone app market. Apple has denied all wrongdoing. And Disney's

1:41.7

Zootopia, too, taking in just over $81 million globally in its opening

1:46.5

day on Wednesday. That included $39.5 million in domestic ticket sales. The release marks

1:53.2

the biggest opening day in China ever for a Hollywood animated film at $34 million. And guys,

...

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