5 Things to Know Before the Opening Bell 6/4/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 June 2025

⏱️ 3 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: President Trump tries to make a deal with China’s President Xi, The White House sent Congress a $9.4B rescissions package, the Bank of Japan is worried about U.S. tariffs hurting exports, challenges at Nissan, and shareholders rebuke Warner Bros Discovery CEO David Zaslav. 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 Becky Quick, co-host of Squawk Box.
0:04.5	Today I'm with Joe Kernan, and this is five things you need to know before today's opening bell.
0:09.8	President Trump posting about trade early this morning on Truth Social.
0:14.0	He said he likes China's President Xi, but he is very tough and extremely hard to make a deal with.
0:19.9	The White House sent Congress a $9.4 billion
0:23.3	recessions package today.
0:25.5	That would codify some of the spending cuts
0:27.9	that were made by the Doge team.
0:29.4	The administration is essentially asking lawmakers
0:31.6	to reverse spending that they previously approved
0:34.1	for foreign aid and publicly funded media,
0:36.7	including NPR and PBS.
0:38.3	$9 billion.
0:39.3	$9 billion.
0:40.3	$9 billion.
0:41.3	It's going to be like pulling teeth without Novakane.
0:46.3	For $9 billion.
0:47.3	For $9 billion.
0:48.3	Not $2 trillion.
0:50.3	Not $1 trillion.
0:51.3	I mean, this is very frustrating.
0:53.3	How Congress works.
	...

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