5 Things to Know Before the Opening Bell 6/2/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 2 June 2025

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re trying something new! The 5 things you need to know before the stock market opens today: the big, beautiful bill hits the U.S. Senate, the Trump Administration continues to find ways to cut costs, Ukraine lands a strategic hit on Russia, good news for travelers at Newark Airport and the power of Lilo & Stitch. 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. Let us know what you think of Squawk Pod by leaving a comment or review.

Transcript

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0:00.0	Hi, I'm Andrew Ross Sorkin, co-host of Squatbox with Joe Kernan and Becky Quick, and this is five things to know ahead of the opening bell.
0:09.6	Lawmakers returned to work this week. The Senate said to take up the reconciliation bill.
0:14.8	Republican Senator Ron Johnson says he's going to insist on deeper spending cuts to address the debt burden.
0:20.6	In the meantime, the Trump administration's push to cut government costs has expanded from
0:24.6	consulting firms.
0:25.6	Now to technology companies, Walser Journal, reporting that officials sent a letter to 10 tech firms last week.
0:31.6	Those include Dell and IT firm CDW.
0:33.6	They're asking executives to justify their work and to find areas to cut.
0:38.3	The meantime, Ukraine says it destroyed dozens of Russian warplanes in a clandestine drone attack on Russia's long-range bomber fleet.
0:46.3	The attack coming as delegations from Russia and Ukraine are set to meet today in Istanbul for negotiations for a ceasefire.
0:53.3	And Newark Airport is going to be reopening a closed runway today.
0:57.8	It happens today.
0:59.0	It has contributed to weeks of delays and chaos.
1:01.4	The FAA evaluated the repairs to the runway and deemed it safe.
1:04.5	The work was completed 13 days ahead of schedule, a rarity.
1:09.4	And at the weekend box office, Disney's Lilo and Sitch, bringing in
1:14.6	$63 million, becoming the second highest grossing movie of the year behind the Minecraft movie.
1:20.2	It has now sold $280 million in tickets in the U.S. and Canada.
1:25.8	A reminder, get the best of Squawk Box in our daily podcast.
1:29.4	Follow Squawk Pod on your favorite podcast app and listen anytime.

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