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Squawk Pod

5 Things to Know Before the Opening Bell 6/16/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 16 June 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: Israel says it has achieved aerial superiority over Tehran, President Trump approves Nippon Steel’s $15 billion deal to acquire U.S. Steel, reports say Renault CEO Luca de Meo will become the next CEO of French fashion group Kering, Taiwan adds Huawei and SMIC to its export control list, and a cyberattack at The Washington Post breached the email accounts of several reporters. 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, and this is five things you need to know before

0:07.2

today's opening bell.

0:08.9

Israel's military says that it has achieved aerial superiority over Iran's capital, Tehran.

0:15.0

It's the fourth day of fighting between the two countries since Israel launched attacks on Iran's nuclear infrastructure. U.S. ambassador to Israel, Mike Huckabee, said that the U.S. Embassy branch in Tel Aviv sustained

0:25.6

minor damage from shockwaves from a nearby explosion, but no U.S. personnel were injured.

0:31.6

President Trump has approved Nippon Steel's nearly $15 billion bid for U.S. steel after 18 months of twists

0:39.3

and turns.

0:40.6

That deal includes $11 billion in new investments by the year 2028.

0:45.7

It will boost Nippon's annual production capacity to 86 million metric tons of steel, that

0:50.8

is up from 63 million tons.

0:53.7

And shares of French fashion house, Carrig, are

0:56.1

up sharply in European trading. That follows reports that the company has appointed Renault's CEO

1:01.5

Luca Demo as its next CEO. Kerig has not confirmed that report, but Renault said yesterday

1:07.9

that DeMeo was stepping down to take on challenges outside the automotive sector.

1:13.7

Taiwan's commerce ministry adding Chinese chipmakers, Huawei and SMIC to its export control list.

1:20.1

That means Taiwanese companies will have to obtain permits before selling products to the Chinese companies.

1:25.7

And a cyber attack on the Washington Post compromised the email accounts of several journalists,

1:30.9

including those on the national security and economic policy teams.

1:34.8

In an internal memo yesterday, the paper's executive editor notified staff about the intrusion

1:40.1

into its email system.

1:41.8

The paper believes a foreign government could be responsible for that attack.

1:46.3

We'll be back later today with SquakPod,

...

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