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Squawk Pod

5 Things to Know Before the Opening Bell 6/13/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 13 June 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: Israel launches strikes against Iran, investigators are searching the site of the Air India crash, a federal appeals court rules President Trump can retain control of the California National Guard deployment in Los Angeles, the House of Representatives votes against $9B in funding - including money for public broadcasting - and venture capital firms like Elon Musk’s xAI. 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

Hi, I'm Becky Quick, co-host of Squawk Box, and this is five things you need to know before today's opening bell.

0:08.8

Israel striking Iran's nuclear infrastructure in a wave of attacks that Iran's elite Revolutionary Guard Corps said killed its top commander.

0:17.6

Israel working to bring down drones that Iran launched in retaliation. Iran saying a key

0:23.0

nuclear enrichment site was damaged but that no radiation contamination has occurred.

0:28.9

Investigators are searching the site of the airliner crash in western India for evidence

0:33.3

and missing people. Local media said one of the two black boxes from the Boeing 787 Dreamliner

0:38.4

had been recovered, though that hasn't been confirmed. One passenger actually survived that crash.

0:45.2

A federal appeals court ruling the Trump administration can maintain control of several thousand

0:50.1

National Guard troops in California and continued deploying them in Los Angeles. That order coming shortly after a lower court said that the National Guard deployment was illegal.

0:59.0

The White House moved to deploy troops in response to protests over its immigration crackdown.

1:04.0

And the House narrowly voting in favor of a proposal to cancel more than $9 billion

1:09.0

and previously approved federal funding.

1:11.6

More than $8 billion of that was earmarked for foreign aid.

1:15.1

About a billion was meant for the Corporation for Public Broadcasting, which funds PBS

1:19.7

and NPR.

1:21.4

And the New York Times reports that a group of venture capital firms are planning to buy

1:25.5

about $250 million worth of shares of Elon Musk's

1:29.3

artificial intelligence company, XAI. Documents seen by the paper say that employees could sell

1:35.1

some of their shares in a tender offer that values XAI at about $113 billion. We'll be back later

1:42.1

today with Squawk Pod, our daily podcast featuring the

1:45.6

best of Squawk Box. Stay tuned to your feed, wherever you get your podcasts, and listen anytime.

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